Nihal Mehta: We like un-sexy industries. I’m looking at a construction company that’s storing construction history on the Blockchain. When people say they’re using Blockchain, more often than not, you can say, “You probably don’t need to use Blockchain for this.” There are some really interesting native use cases of Blockchain that we’re excited to
Sramana Mitra: Based on what you said, I want to provide some commentary to our audience about the team issue. You hear me talking about multiple co-founders and he’s talking about a full-stack team. Those two are mutually dependent. You can only have a full-stack team if you have multiple co-founders. If you have to
Sramana Mitra: Very well. It’s definitely the age of the incumbents these days on the B2C side. Nihal Mehta: Consumer venture funds are actually going down in size because gone are the days of Instagram, WhatsApp-like billion-plus acquisitions. Google and Facebook will just try to build it or buy it before it gets big enough.
Sramana Mitra: Can you double-click down to the point about seed? What is your definition of seed? What needs to be in the venture for this to qualify as a seed investment? Nihal Mehta: That’s a great question. Typically, the team has been built out and there’s a product prototype. There’s some usage on the
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nihal Mehta was recorded in November 2018. Nihal Mehta, Founding General Partner at ENIAC Ventures, provides a great set of insights into his definition of a full-stack founding team. Either a set
Nihal Mehta, Founding General Partner at ENIAC Ventures, provides a great set of insights into his definition of a full stack founding team. Either a set of co-founders who cover all the requisite skill-sets, or a solo founder who is a full-stack person – both configurations can work. Listen to the discussion for more color on the topic.