Sramana Mitra: Let’s talk about what you’re seeing in your deal flow as well as in your portfolio in terms of interesting trends. Early-stage deal flow is indicative of what’s happening in the pipeline of technology and interesting developments. What are you seeing? What’s interesting? Christopher Mirabile: Asset prices are stupid right now. That’s difficult
Sramana Mitra: To be able to get to $20 million with $1.4 million, you have to bootstrap. That’s something we believe in and promote extensively. We are with you on this line of thinking. Like you said, these large funds can only invest large amounts of money. Otherwise, their human capital-to-capital ratio doesn’t work out.
Christopher Mirabile: We have a couple of different programs. We have a traditional monthly forum where companies that are, presumptively, ready to work with investors are present. That’s usually three companies a month. Two out of three of them go right into due diligence. We also have a catalyst program where we look at a
Christopher Mirabile is Senior Managing Director at Launchpad Venture Group. We have an awesome conversation about a non-Unicorn chasing investment philosophy. Sramana Mitra: Tell us a bit about your background as well as Launchpad. Christopher Mirabile: I was actually an English major. I started my career in strategy consulting. I ended up getting a law
Sramana Mitra: One of the trends that we see in the Indian small funds is that some of them are exiting their investments into the Series C or Series D. Is that something you are doing? Deepak Gupta: That is certainly a path for us. Unless we keep investing substantially in the later rounds, it
Deepak Gupta, Founding Partner at WEH Ventures, discusses his fund’s pre-seed and seed funding strategy for Indian startups. Sramana Mitra: Tell us a bit about yourself as well as WEH Ventures. Deepak Gupta: I had been part of the venture ecosystem over the last 20 years off and on. In the last six or seven
Sramana Mitra: My observation is that the higher end of the market is extremely active. I wouldn’t say crowded, but there’s a lot of competition. There is concept arbitrage. There have been successful companies built by copying models from elsewhere and then innovating on top of that. That’s happening in the global tech space. Then
Sramana Mitra: You are investing post-revenue. What benchmarks are you using to gauge whether you can build a venture-scale company? Eva Yazhari: Because we’re a multi-sector fund, a lot of our metrics relate to specific sectors. Often, we’re looking at the growth of average order value. If it’s more of a services company, we’re looking