Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Shripati Acharya was recorded in April 2019. Shripati Acharya is Managing Partner at Priven Advisors, advising Prime Venture Partners, a firm focused on core technology ventures in India. Unlike most VCs, Prime
Sramana Mitra: I was just talking about trends in various kinds of lending businesses. If you look at QuickBooks financing, it’s Intuit’s product. They’re lending to small businesses that use QuickBooks online. The dataset they’re using to evaluate is QuickBooks data. That’s a proprietary dataset that nobody else has access to. It’s an unfair advantage
Sramana Mitra: The geographies that you’ve mentioned, we have quite a bit of experience in some of them. Utah is really booming. Utah has taken that bootstrapping ethos to the ultimate levels of success. They have seen company after company bootstrap to success. Utah really stands out. Michael Smerklo: We think this is a major
Sarbvir Singh: We believe that just focusing on size and hungry businesses is not always the right solution. We want to rightsize our fund. There is also the reality of running a fund and there is a cost to it. You have to get both sides right. There are different solutions that people can arrive
Sramana Mitra: Very interesting. I would definitely like to learn more about EverlyWell. I’ve seen a company like this – Iris Wellness, which dealt with the issue of the physicians not wanting to process. None of the physicians were equipped to deal with it. I’m very curious about how she is handling the interface with
Sramana Mitra: The second question I have is what is your analysis of the trend of small funds like yourself that are doing the early-stage investments exiting into the later rounds. Do you see that happening a lot in the Indian ecosystem right now? Sarbvir Singh: We look at it in two ways. It is
Sramana Mitra: Talk about some examples of what you have really invested in and more about the ones that are conviction investment. Michael Smerklo: I’ll give you one example. I’m on the Board of a company called EverlyWell in Austin, Texas. This was an idea that we were looking at. This is disrupting the lab
Sramana Mitra: Let’s double-click down on some of the companies that you have funded. As you talk about them, talk about what situation were they in when you got involved. What did they have by way of proof points that you resonate with. Let’s start with the one that you already exited. Sarbvir Singh: The