Sramana Mitra: Coming back to the venture discussion, what do you like to see before writing a check? Bradley Harrison: We over-index on the founders. Our biggest thing is chemistry with the founding team. We try to make sure that we have that chemistry. In checking that chemistry, we plan on being partners with entrepreneurs
Sramana Mitra: What does Unite Us do? Bradley Harrison: Unite Us uses the social determinants of health to provide optimization in the health system. They do that with two sets of customers. One set of customers is the Department of Health of Human Services at the State and City level. Currently, we have 41 states
Bradley Harrison: What people don’t realize is that the largest investor in innovation since World War II is not Silicon Valley; it’s the United States government. There are billions of dollars in each of these programs. The Army’s program for grants last year was $3.3 billion. That’s just the Army. The government is passing the
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Bradley Harrison, Founder, Managing Partner at Scout Ventures, discusses how military professionals are engaging in entrepreneurship with an ecosystem supporting them. Quite fascinating! Sramana Mitra: Let’s introduce you to our audience. Tell us a bit about your background as well as what you’re doing at Scout.
Sramana Mitra: That was surprising to me when we started working on Fullcast. That tells me that there are many industry segments. Fullcast.io is selling to cutting-edge SaaS companies and finding white spaces. If you look at manufacturing and logistics and other industry segments that are not as advanced, there are a ton of workflow
Sramana Mitra: All these areas that we are talking about are talent war scenarios. They are highly-specialized areas. There’s not an abundance of people who have great expertise. That’s another driver for these acquisition scenarios. The larger companies are also trying to hire talent. One of the ways they hire talent is by acquiring smaller
Sramana Mitra: We have very aggressively developed a whole track within our program. We have a big education effort. We are scaling that with some very interesting partnerships including with Udemy. The theme that we have developed around this topic is Bootstrapping to Exit. By bootstrapping, I don’t only mean companies that are working without
Sramana Mitra: You started off by saying that you’ve already had seven exits within three years. Talk to me a little bit more about the exit. What are the circumstances of these? That’s unusual for a small micro-VC to have seven exits within a three-year period. Warren Weiss: One of the areas that we’re in