Sramana Mitra: It’s great to hear about all these activities. We have seen many ecosystems come up through our work. We try to cover a lot of these companies. Utah is a very good example. They’re a bit ahead of you, because they’ve had sizable exits. That has created angels and seed money. Ohio probably
Sramana Mitra: You said earlier that your preferred funding round is Series A where you put in a million or so in that round. In some cases, you do some seed investment. Could you talk about how Ohio entrepreneurs are getting to Series A? Is there a seed ecosystem that is supporting or is there
Bill Baumel, Managing Director at Ohio Innovation Fund, is one of the pioneers of the Ohio startup ecosystem. Sramana Mitra: Let’s start with some introduction to where you are with your work with Ohio Innovation Fund. What’s happening in Ohio as an ecosystem?
Sramana Mitra: I was talking to Eric Benhamou two days ago. He was like, “I’m looking for a good application or use case for NFT.” What about exits? What have you seen through your investments? Steve Eskenazi: I think there are a couple of tried and true methodologies. I think the best company gets bought
Sramana Mitra: Here’s a trend question. You have watched the music business for a long time. What is your analysis of the music business? We see music deals from time to time. A lot of the industry believes that you can’t make money in the music business. Can you talk about that? Steve Eskenazi: I
Steve Eskenazi is an Angel Investor, and we had a number of interesting trend conversations. Sramana Mitra: Let’s start with a little bit of your background. Tell us about what path you have traveled. Steve Eskenazi: My career has three distinct phases. In the 1990s, I was Wall Street’s digital media analyst introducing Wall Street
Sramana Mitra: Let’s do some more examples of the kinds of companies you like to invest in. Is Resonato an IT investment? Steve Eskenazi: It’s a technology company that occupies the intersection of technology and consumer electronics. Our first TVs were thick. Now, TVs are very thin. They are doing for the speaker market what
Sramana Mitra: What check size do you write? Zain Jaffer: Overall, $750,000. We started with a $300,000 and followed on with $450,000. Sometimes we can do million dollars plus between seed and follow-on. Sramana Mitra: This is a wonderful case study. What else are you excited about? Zain Jaffer: I’ll give you another case study.