Sramana Mitra: I do want to finish by having you talk to us a little bit about what stage you invest in. You talked a lot about the segment and preference in B2B. Talk to us about stage as a concluding segment. David Blumberg: We believe that there are many brilliant entrepreneurs all over the
Sramana Mitra: This is an area of differentiated well-merchandised consumer products in existing categories and sometimes even new categories. This is a very interesting area because Facebook has created an unbelievable platform for entrepreneurs to hyper-target. That hyper-targeting capability never existed until now. It’s amazing. For $20, the kind of hyper-targeting you can do is
Sramana Mitra: What you’re describing is not contrary to the point they’re making. The point they’re making is that we’ve gone through a 30-year extensive innovation phase. The company that really disrupted Nokia is Apple. To some extent, the Samsung world followed. Sitting in 2016 and looking ahead, it seems like there is a bit
Sramana Mitra: I was actually reading last week’s Economist expose on superstars. Being a history buff, you may have already read this. Every time there is a major technological revolution, there’s this very disruptive period of 20 to 30 years when there’s a tremendous amount of startup activity and experimentation. Then, that period settles into
David Blumberg: I was speaking at a conference in Mexico recently. It was about transportation of the future. I’m not an expert in that, but I’ve got some theories. A lady from Ford Motors got up and said, “The future of transportation is green, recyclable, and sustainable.” Then a man from Delphi Auto Parts said,
Sramana Mitra: The basic discipline that growth is important and so is profitability went away in the early part of this decade. It’s starting to correct itself again. What happens in the minds of venture capitalists so that what seems like basic arithmetic suddenly disappears? David Blumberg: Over the last few years, we like to
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with David Blumberg, Blumberg Capital was recorded in September 2016. David Blumberg, Founder and Managing Partner of Blumberg Capital, has been in the business for a long time, and we had a very interesting chat