Sramana Mitra: Entrepreneurs start up somewhere and they get intoxicated with this funding thing. If they are hitting their stride and everybody is chasing them and offering them money, it goes to their head. They want to keep raising money. If you get to a situation like that, it’s perfectly okay to sell out for
Sramana Mitra: Your strategy is to not worry about the ones that are not really making it and will have to raise money with liquidation preference where you don’t have the negotiating leverage. Focus on the ones that will get to decent exit and you need three of those to make your fund economics work.
Sramana Mitra: How do you process the current investment climate where capital is moving further and further upstream? Some of the funds that I’m sure you were involved in your previous life are becoming gigantic funds. As a result, they have to move upstream and deploy larger chunks of capital right away. How does a
Sramana Mitra: I was talking to John Staenberg up in Seattle. He’s one of the most prolific investors in the North West. He’s invested in 300 companies. One of the drivers of how he chooses which entrepreneurs he wants to engage with is what he wants to learn about. For example, he’s not very knowledgeable
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Charlie O’Donnell, Brooklyn Bridge Ventures was recorded in November 2017. Charlie O’Donnell, Partner at Brooklyn Bridge Ventures, talks about his Seed investing activities and related industry trends. Sramana Mitra: Let’s start by getting acquainted.