Sramana Mitra: Since 2013, there have been 50,000 to 70,000 seed investments. By seed, I mean the entire spectrum of pre-seed, seed, post-seed, and pre-Series A. That’s a lot of companies. The number of venture-funded companies is still very low. It’s 1,200 to 1,500 and it remains more or less constant. At the other vector
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Andrew Cain McClary of KdT Ventures was recorded in January 2018. Andrew Cain McClary, Founder and Managing Partner at KdT Ventures, is a physician-turned VC. The focus of his investment is biology and related
Sramana Mitra: Let me ask you the TAM question. We are in January 2018. Lots of stuff have already been built. Nowadays, there aren’t as many wide open opportunities to build these multi-billion dollar companies. It’s not like very corner of the enterprise software market is full of billion-dollar opportunities. There are lots of niche
Sramana Mitra: Can you put some quantitative parameters around that $200 million exit? For a good, healthy $200 million exit where everybody makes money, what is the optimum amount of capital invested? What kind of revenue levels do you target? William Hsu: Depends on the category. For a SaaS or an enterprise software solution, typically,
Sramana Mitra: It’s the same model as Gartner? The software companies are paying a subscription fee to G2 Crowd to be included in this review process. Ira Weiss: It is free for the software companies. Some of the companies do choose to pay if they want to pay if they want to have an enhanced
Sramana Mitra: Our philosophy in One Million by One Million is entrepreneurship equals customers, revenues, and profits. Financing and exit are optional. We make sure that customers are willing to pay for whatever it is that you’re selling. Whatever it is that you’re doing, that is the fundamental belief system of our program. William Hsu:
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ira Weiss of Hyde Park Venture Partners was recorded in January 2018. Ira Weiss, General Partner at Hyde Park Venture Partners based in Chicago, talks about venture activity in the Midwest. Sramana Mitra: Tell
Sramana Mitra: Can you take us through a couple of case studies. Let’s say Trunk Club and Task Rabbit. At what stage did they come to you? Did they have to pivot out of their original hypothesis? How did that evolution flow from your side? William Hsu: It’s probably more helpful to talk about companies