Sramana Mitra: If you can close deals of that size, yes. What is your value proposition in those scenarios? Let’s say your specialty is digital health. You have a company that comes to you with product market fit. Where are your relationships? Corey Schmid: We do have strong strategic and corporate relationships based on our
Sramana Mitra: You emphasized geography greatly. Pacific Northwest is the sweet spot of the fund. You don’t invest outside? Corey Schmid: We do. We call it the Mountain West. One of our newest deals is out of Phoenix. They’re in the no-password security space. Majority of our deals are in Oregon and Seattle. We have
Sramana Mitra: I’m going to ask you a slightly different question. Given what you are doing, it sounds like there must be tons and tons of niche use cases out there of your model. We’re in 2018. There’s a ton of stuff that have already been built. Some of these use cases are not necessarily
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this series. The following interview with Corey Schmid of Seven Peaks Ventures was recorded in February 2018. Corey Schmid is General Partner at Seven Peak Ventures, a firm with a focus on the Pacific Northwest. Sramana Mitra: Tell us
Sramana Mitra: I’ll tell you where I am a little bit uncomfortable with what you’re saying. I don’t feel a token angle of it. Your point is well-taken that somebody with a proven business model is a more interesting scenario than a concept financing or concept ICO. Why do I want tokens in this ecosystem
Sramana Mitra: What is the go-to market strategy for this company? Greg Borchardt: There are two sides of the business. They started off in the medical device space. They created a consumer product that we help them down the supply chain to develop the components for the product and ship it over to the US.
Sramana Mitra: Let’s talk about some of your portfolio highlights. What are you really proud of having invested in? As you choose the ones to talk about, specifically point out when you saw them, in what state did you see them, and what is it about them that attracted you? Tim Wilson: I’ll start with
Sramana Mitra: Let’s then talk about the investment thesis. This is your second fund. You’ve already used this investment thesis and invested your first fund in a bunch of companies. If you could take us through a few examples that illustrates how you think about your investment thesis and how the companies you’ve invested in fit