Sramana Mitra: I think this whole unicorn mania has been created by the sheer stupidity of the entrepreneurship media. They’re so driven by funding announcements. Every time somebody has a funding announcement, they run up lots of articles about the funding announcement. Entrepreneurs mistakenly believe that funding announcements are good. It’s not necessarily good. If
Sramana Mitra: A few trends questions. How do you process the current investment climate where capital is moving further and further upstream? How does a seed investor mitigate the Series A gap? Statistically, there has been a lot of micro-VCs in the market. There’re a lot of pre-seed, seed, and pre-Series A investments but the
Sramana Mitra: What you’re saying is that you are open to doing even pre-seed investments? Greg Sands: Yes. They tend to be in more experienced founders or people that we’ve known for a longer period of time. At ACME and Alation, we’ve invested, effectively a company formation. Sramana Mitra: I think that is the trend.
Sramana Mitra: Let me ask you a question in what you’re seeing. I’m completely with you and I’ve written extensively on this topic. The opportunity in AI is in applied AI. The unfair advantage is in the hands of people who have really deep domain knowledge in a particular domain where you apply the stack
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Greg Sands, Costanoa Ventures was recorded in December 2017. Greg Sands, Founder and Managing Director at Costanoa Ventures shares his investment focus. Sramana Mitra: Tell us about your investing focus. How big is the