Sramana Mitra: Let me ask the question in the context of non-Indian and non-Israeli founders. We also talk to a lot of European investors. One of the things I’m hearing is, there’s a real optimism right now in France. Paris is the story of 2017 as one of the investors based in London quoted recently
Sramana Mitra: What else can you tell us? Besides founder-related traits, what else can you tell us about that’s interesting about your fund? Semyon Dukach: It’s a unique fund in that we are specifically targeting immigrants. The value add that’s differentiated is, we’re building a network between these people who have a shared identity. We’re
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Semyon Dukach, One Way Ventures was recorded in January 2018. Semyon Dukach is the Managing Partner at One Way Ventures, a firm that is 100% focused on immigrant entrepreneurs. Sramana Mitra: Let’s start by
Sramana Mitra: How do you parse unicorn mania? Mackey Craven: By unicorn mania, do you mean the number of companies that have billion-dollar plus valuations that are still private? Sramana Mitra: A lot of things. There’s unicorn mania in that there’s so much capital. There is a rush to fund these later stage companies and
Sramana Mitra: Unicorn mania started to rationalize a little bit in 2016. This year, it has stabilized. But there is still a huge amount of late stage capital out there. Traditional VCs have raised very large funds. As a seed investor, you could get buried under later stage liquidation preferences if valuations run up like
Sramana Mitra: There’s another dynamic, which is a lot of these seed stage investors who are working in the very early stages are exiting into those kinds of mega rounds that come in Series B and C. That is a very healthy trend because I think these two segments are different. It could take a
Sramana Mitra: I’m going to ask you a few trend 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? The number of seed investments that are happening have gone up but the Series A number has stayed
Sramana Mitra: You’ve been investing for a while. Let’s look at your 2017 deal flow. Give us some flavor of what trends you are seeing. How many deals do you see in a year? How many do you invest in? What are the highlights of the trends in that deal flow? Let’s just focus on