Sramana Mitra: I’m asking a question where the entrepreneurs, by definition of the type of opportunity, would not be raising money from the big funds. In this case, the opportunity is not to act as a seeder. The opportunity is to fund some entrepreneurs and then exit straight away. Jonathan Lewy: I guess that depends
Sramana Mitra: How do you parse unicorn mania? As a pre-seed investor, you could get buried under later-stage liquidation preferences. Even with your special investment vehicle, you could get buried under later-stage liquidation preferences. How do you protect yourself? Jonathan Lewy: We know the risk. We believe in the relationship we’ve built with the founders.
Sramana Mitra: Let me try to parse what you are saying. In some cases, you go after Latin American companies where you can add value by introducing them into your Silicon Valley network. That is one of your value propositions to Latin American companies in the pre-seed stage. That’s one sector. You just provided an
Sramana Mitra: Can you elaborate on what kinds of businesses you are investing in? Are these B2B or B2C? Jonathan Lewy: We are agnostic. Initially, we invested in companies that had a global focus where we could help them enter the Latin American market. That was back in 2013. It was a way for us
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Jonathan Lewy was recorded in November 2017. Jonathan Lewy, Managing Partner at Investo, discusses pre-seed investment strategies and the Series A gap. Sramana Mitra: Tell us about your seed investing activities. Let’s get to