Sramana Mitra: It’s great to hear about all these activities. We have seen many ecosystems come up through our work. We try to cover a lot of these companies. Utah is a very good example. They’re a bit ahead of you, because they’ve had sizable exits. That has created angels and seed money. Ohio probably
Sramana Mitra: You said earlier that your preferred funding round is Series A where you put in a million or so in that round. In some cases, you do some seed investment. Could you talk about how Ohio entrepreneurs are getting to Series A? Is there a seed ecosystem that is supporting or is there
Bill Baumel, Managing Director at Ohio Innovation Fund, is one of the pioneers of the Ohio startup ecosystem. Sramana Mitra: Let’s start with some introduction to where you are with your work with Ohio Innovation Fund. What’s happening in Ohio as an ecosystem?
Bill Baumel, Managing Director at Ohio Innovation Fund, is one of the pioneers of the Ohio startup ecosystem.
Sramana Mitra: In your experience in the venture capital industry, you must have realized that the bulk of the exits in the industry happen in the $50 million to $60 million price point. Unless you can build businesses capital efficiently, you don’t really make money of those exits. Bill Baumel: Bingo. We are exactly focused
Sramana Mitra: Do you have preference between B2B or B2C? Bill Baumel: Twitter and Facebook have shown that you can make a lot of money on B2C. My background is on the B2B side. We do have one B2C technology company that’s in the financial payments area. Most of the other companies are B2B SaaS,
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Kara Weber was recorded in November 2018. Bill Baumel, Managing Director at Ohio Innovation Fund, shares terrific insight into the region’s progress. Sramana Mitra: Tell us a bit about yourself. Tell us
Bill Baumel, Managing Director at Ohio Innovation Fund, shares terrific insight into the region’s progress.