Tae Hea Nahm, Managing Director and Co-Founder of Storm Ventures, emphasizes and articulates his firm’s specific interest in investing in vertical cloud startups. Sramana Mitra: Let’s start by introducing our audience to yourself a little bit and then we’ll come to Storm Ventures. What path did you follow to founding Storm Ventures? Tea Hea Nahm:
Sramana Mitra: The other advantage you have is, there is a substantial enterprise software buyer market in Europe as well. The Indian buyer market is not as mature. Europe has lots of large enterprises that buy a lot of technology. You could build a substantial business catering to European enterprise customers. That’s one observation. The
Sramana Mitra: How do the Estonian culture and entrepreneurial momentum play into your investment strategy? Are you looking for people to have developer shops in Estonia or some kind of backend in Estonia? Andrus Oks: Estonia is very special. To put in context, it is a small country with a population of 1.3 million. We
Andrus Oks is Founding Partner at Tera Ventures, based in Estonia. We have a great discussion on entrepreneurship in the Baltic and Scandinavian countries in particular. Sramana Mitra: Let’s start by introducing our audience to yourself as well as Tera Ventures. Andrus Oks: I’m one of the founding partners of Tera Ventures. Tera is an
Sramana Mitra: I have another example. It’s the example of Damien Hirst. He’s a very famous British artist. He jumped on the NFT bandwagon. He said he’s going to create a large number of artworks that are connected to NFTs. These are not digital artworks to begin with. These are physical artworks that have an
Sramana Mitra: I want to probe that point a little bit. We have done a lot of two-sided marketplaces. We see two-sided marketplaces all the time. We have lots of case studies. We have curriculum material on it. As you rightly said, it’s much more difficult to go from zero to 10,000 than to go
Sramana Mitra: Now explain the structure in one of these cases where you’re investing as Plutus21. Hamiz Awan: In Uniswap’s example, there’s a governance token for the protocol called the Uni. How does a company that doesn’t have a CEO make decisions? It’s actually the community that makes the decisions. They vote on that using
Sramana Mitra: Apple SDK was one of the most successful developer platforms. Geoff Ralston: This expansion of platforms is something on which you can begin your company. We have a company called Shogun that built their business originally on Shopify and then expanded. There’s enormous availability and possibility by these platforms that get to scale.