Deborah Quazzo: Andrew removed friction. Going back to the dark ages when I was in college, note sharing among students has existed forever but what Andrew did was move it online and allow students to grade each other in terms of the quality of their delivery. He developed a tutoring module so that strong academic
Sramana Mitra: Can I stop you there for a second? I have a few questions. You’re looking for free distribution to teachers and students and monetization through parents. How do teachers, students, and parents find out about the product? Deborah Quazzo: It was a viral adoption. In the case of Class Dojo, it was seated
Sramana Mitra: Our interest is primarily in actual seed and Series A. Let’s focus on that discussion. What do you like to see by way of proof points before you’re willing to write a check? Deborah Quazzo: It’s interesting because we’re sector experts and we’ve been working in education technology for well over 20 years.
Sramana Mitra: I think COVID has changed the dynamics to weigh heavier on e-commerce and online shopping. If you had to choose one channel, you need to be digital more than the local and physical. I think this is a very big shift and as you said rightly, I think this is a five-year shift
Vincent Diallo: I could also mention Singuli, which is an investment we did in January. They’re active in forecasting with the first end goal in fashion that is also touching FMCG somehow. We suffered this pain as an operator. We know the risk in that inventory in terms of performance of the company. One of
Sramana Mitra: Let’s double-click down on stage. How do you define pre-seed and how do you define seed? Where are you comfortable? Do you need a proof of concept? What do you need? Do you need paying customers? What do you need to feel comfortable to write a check? Vincent Diallo: I already invested on
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Vincent Diallo was recorded in June 2020. Vincent Diallo is Managing Partner at Interlace Ventures, a fund focused on retail tech.
Sramana Mitra: It’s like a debt that is paid back as part of revenue share with some multiple of the funding amount. Christian Czernich: Yes. Then the financing ends once the cap is reached. If there is an exit before that, that’s good. Then we normally exit the business as well. If there is no