Sramana Mitra: As you are looking at this space, what is the scope and scale of the number of startups operating in North America? Zain Jaffer: I saw 500 startups last year. That’s just what I tracked in my CRM. The number is mind-boggling. With any industry, only a few will make it. I don’t
Sramana Mitra: Let’s focus on the PropTech part of your work. You said you’re doing pre-seed and seed in that sector? Zain Jaffer: Yes. Sramana Mitra: What’s the geographical boundary of this? Zain Jaffer: We try to stay focused on the US market. We are also open and have done many companies that plan to
Zain Jaffer, Partner at Blue Field Capital, discusses trends in PropTech. Sramana Mitra: Our focus today is primarily on the investing that you had recently started. If you want to set some context about your entrepreneurial background, that would be great. Zain Jaffer: As soon as I discovered computers, I started to mess around, code,
Sramana Mitra: The narrative in the media is how much money have you raised. The maximum focus is on the people raising the most money. That is a flawed way of evaluating companies. There are a lot of innovations that are done in a capital-efficient way. As such, they have a lot more options. The
Sramana Mitra: Let’s do some case studies of companies that you’ve invested in that you’re passionate about everything. As you talk through them, talk about what they’re doing. Also, talk about at what stage and in what condition you encountered this company. What was it about that situation that made you write your check? Julie
Julie Lein: What we want to see is execution. You may not have a full-fledged product yet. You may not have everything figured out, but you’re doing things to attract attention. You’re doing things to move the customer feedback forward. That’s what we get impressed about at pre-seed. The definition has changed. It’s typically that
Julie Lein, Managing Partner at Urban Innovation Fund, discusses pre-seed and seed funding in companies focused on the betterment of cities. Sramana Mitra: Let’s get you and Urban Innovation Fund introduced to our audience. Julie Lein: I’m the Co-Founder and Managing Partner of the Urban Innovation Fund. We are a venture capital firm that invests
Rahul Chandra: I very strong selection criteria that have a lot to do with growth. Growth is a big factor. Let’s say I’m part of a micro-finance investment cap table. My response is, in India, if you’re not doing things with the right scale, it’s not going to mean anything. It’s a lot like how