Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with George Spencer was recorded in January 2019. George invests in SaaS companies mostly in the Midwest from a small fund out of Chicago. The interview contains an excellent discussion on ideal levels
Sramana Mitra: In a nutshell, you are still looking at unicorn exits as the preferred investment thesis. Spencer Crawley: Correct. Sramana Mitra: It is the conventional wisdom of venture capital. Spencer Crawley: We debated it at length. It’s not something that we took as gospel from day one. It’s a more organic process of building
Sramana Mitra: What are some of the highlights of your portfolio? Tell us about what stage and what condition you encountered when you chose to invest in them. What is it about them that caused you to place the bet? Spencer Crawley: I have to think through my head about which ones are public and
Sramana Mitra: We just announced a partnership with EIT Health. They are going to be accelerating 115 companies with us. The first 15 have been named. Spencer Crawley: How did that come about? That seems really impressive and exciting. Sramana Mitra: We have very deep connections in Europe. I am married to a European. My
Sramana Mitra: Let’s talk about your definition of seed. What do you like to invest in stage-wise? I’ll pre-qualify that question by giving you some context. At least in Silicon Valley, seed has fragmented into pre-seed, seed, post-seed, pre-Series A, small Series A, and then the traditional Series A. How does it look like from
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Spencer Crawley was recorded in November 2018. Spencer Crawley is Co-Founder of Firstminute Capital, based in London and focused on European startups. Sramana Mitra: Tell us about your firm and yourself. Spencer
Nihal Mehta: We like un-sexy industries. I’m looking at a construction company that’s storing construction history on the Blockchain. When people say they’re using Blockchain, more often than not, you can say, “You probably don’t need to use Blockchain for this.” There are some really interesting native use cases of Blockchain that we’re excited to
Sramana Mitra: Based on what you said, I want to provide some commentary to our audience about the team issue. You hear me talking about multiple co-founders and he’s talking about a full-stack team. Those two are mutually dependent. You can only have a full-stack team if you have multiple co-founders. If you have to