If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Amir Banifatemi. Amir Banifatemi is the Founder and Managing Partner of K5 Ventures, a fund focused on
Sramana Mitra: How many companies have you invested in so far? Ray Chan: Over the last seven years, we have invested in over a hundred companies. Of course, a lot of them disappeared. Some of them are still going on. Sramana Mitra: Where I’m going with the question is what have you learned from investing
Sramana Mitra: You said you have a very big geographical focus? How do you define that geography? How do you constrain that geography? Ray Chan: We do touch on some investments in Canada. We have maybe 10% of our investment outside of California all the way to Midwest or East Coast. Most of our investments
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ray Chan was recorded in December 2018. Ray Chan, Managing Director at K5 Ventures and Tech Coast Angels, shares his views on the segments his firms invest in. Sramana Mitra: Let’s get
Ray Chan, Managing Director at K5 Ventures and Tech Coast Angels, shares his views on the segments his firms invest in.
Sramana Mitra: LinkedIn was a perfect channel to scale that company. Amir Banifatemi: LinkedIn was a perfect channel. It had Initial property and strong momentum and growth into a much, much larger ecosystem globally. Another example which we’re still working on is Momentum Machine, a hardware company. It is based in San Francisco and builds
Sramana Mitra: You kind of need a tribe of people who think the same way. If you want to work on interesting problems, but necessarily unicorn ideas, then you need other people around in the ecosystem who think like that instead of trying to force feed these kinds of ventures into the more traditional venture
Sramana Mitra: Well, I think what you’re seeing around the world is a lot of concept arbitrage; concepts that have been tried in different places are being applied to different markets. Then you have big categories like cyber security that have been very active fund draws for a very long time, so there’re a very