Sramana Mitra: Very well. It’s definitely the age of the incumbents these days on the B2C side. Nihal Mehta: Consumer venture funds are actually going down in size because gone are the days of Instagram, WhatsApp-like billion-plus acquisitions. Google and Facebook will just try to build it or buy it before it gets big enough.
Sramana Mitra: How did this entrepreneur find you or how did you find him? Krishna Srinivasan: It’s the old myth of this business, which is you need a strong recommendation to be able to get to a venture firm. He just cold emailed us with his back story. We brought him in. We introduced him
Sramana Mitra: Can you double-click down to the point about seed? What is your definition of seed? What needs to be in the venture for this to qualify as a seed investment? Nihal Mehta: That’s a great question. Typically, the team has been built out and there’s a product prototype. There’s some usage on the
Sramana Mitra: What you’re pointing out about repeat entrepreneurs versus first-time entrepreneurs is interesting. The vast majority of our community is first-time entrepreneurs. I always say this. If you are a repeat entrepreneur with track record, you can get away with a lot. You can do a fat startup with somebody writing you a check.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nihal Mehta was recorded in November 2018. Nihal Mehta, Founding General Partner at ENIAC Ventures, provides a great set of insights into his definition of a full-stack founding team. Either a set
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Krishna Srinivasan was recorded in November 2018. Krishna Srinivasan is Founding General Partner at LiveOak Venture Partners, a firm focused on investing in Texas. Great conversation! Sramana Mitra: Let’s first get our
Sramana Mitra: If I were to synthesize what I heard from you, your relationships are more of the corporates who are either co-investing with you or are becoming early customers of your portfolio companies, and not necessarily with the acquirers. The acquirers are coming as you go along and develop the businesses. Evangelos Simoudis: When
Sramana Mitra: How did the acquisition come about? I’ll give you a bit of context about where I’m going with this question. It sounds like you and your syndicate partners are open to relatively early acquisitions. You’re not trying to go for this unicorn kinds of companies. I happen to believe that that’s great because