Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rami Elkhatib of Acero Capital was recorded in February 2018. Rami Elkhatib, General Partner at Acero Capital, talks about his investments in companies that require a longer development cycle. As you know, 1Mby1M often
Sramana Mitra: Comment on unicorn mania for me. We went a little bit crazy with this concept of unicorns. There’s just this very unfortunate twist that the industry has taken. How do you parse unicorn mania? Nate Redmond: Unicorn status, if you will, became a marker of success that obviously is artificial in many ways.
Sramana Mitra: Talk about some of the highlights of your portfolio. What have you invested in that you’re excited about? Nate Redmond: We have been fortunate to watch the early development of our portfolio. We have this company called House Canary. We have a belief and a thesis that residential real estate, as an asset
Sramana Mitra: What about stage? Are you investing in concept? Are you investing in a little bit of traction? What is comfortable? Nate Redmond: Many investors have been using stage as a segmentation that is reflective in terms of process both in terms of sourcing and understanding of a business. We are early stage investors. By
Nate Redmond: Investors including myself sat and looked at the company and didn’t quite understand the size and scope of the opportunity. Being an expert in hospitality didn’t necessarily help you. In fact, it probably created blind spots. The focus for us is really understanding how you can engage a supply base and organize it
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nate Redmond of Alpha Edison was recorded in February 2018. Nate Redmond, Managing Partner at Alpha Edison, a VC who has put trust-driven ventures at the center of his investment thesis. It’s a very
Sramana Mitra: What do you make of unicorn mania? Silicon Valley is going crazy. India tends to be more conservative, but India went crazy too. Rajul Garg: We all plug into the same mothership. There’s not much that you can do to deviate from that. Smaller funds define a unicorn, in our own heads, as
Sramana Mitra: Have you seen any analysis or reporting on how many active entrepreneurs there are in the Indian ecosystem right now? Rajul Garg: I do remember seeing that at some point in time, but I’m not able to recall the report. I was at an Accenture event recently. In 2017, my guess is around