Sramana Mitra: How much money had gone into the company at the point of exit? Garrett Goldberg: Probably around $60 million. They raised Series A, a Series A extension, and then Series B. Sramana Mitra: Interesting. A question about real estate since that’s a background you have. What do you see happening given that we
Sramana Mitra: You had both transaction revenue and marketplace revenue. Garrett Goldberg: The company exited right as we were turning on marketplace transactions. The next one had that as well. It’s a marketplace in the chemicals industry called Knowde. Instead of having a software product, it had a storefront tool for chemical producers to sell
Sramana Mitra: When you made the decision to invest in this young founder, how did they find you or how did you find them? Garrett Goldberg: That’s part of what we do here, we try to make sure we’re approachable by founders. This particular one came through another founder that we had a relationship with.
Garrett Goldberg, Partner at Bee Partners, discusses his firm’s enterprise focused investment thesis, including some unique insights on SaaS-powered vertical marketplaces.