Sramana Mitra: Is the fund strategy chasing unicorns? Are all your companies looking to become unicorns? Mark Achler: No, I’m from Chicago. We are from the Midwest. I like to roll my sleeves and build real companies solving real problems. If they turn into a unicorn, then that’s great. The odds of that happening is
Sramana Mitra: If you look at the public market, the tech stocks have done well. Their earnings have been good. It’s not like they are missing a lot of their numbers. Many are overshooting their numbers. It’s striking how well people have adjusted to buying technology without human interaction in person even in large sales.
Sramana Mitra: Let’s talk about trends. What are you investing in? You can use examples and case studies. What are you seeing? What would you like to see? What trends are you seeing that you would like to invest in more? Mark Achler: In preparation for this interview, I was thinking about this question and
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Mark Achler of MATH Venture Partners was recorded in January 2021. Mark Achler, MATH Venture Partners, focuses on B2B selling as a key factor in startup success.
Mark Achler, MATH Venture Partners, focuses on B-to-B selling as a key factor in startup success.
Sramana Mitra: I’m reflecting on what you said in answer to my question. Blockchain is expensive stuff to build. How do you mitigate the need for doing things in a capital-efficient manner and doing Blockchain deals? Mark Achler: We haven’t done one. Sramana Mitra: You agree that Blockchain is capital-intensive. Mark Achler: We are conservative
Sramana Mitra: We started observing the social media trend in the 2003 to 2004 timeframe. In 2007 of course, iPhone came about. The Big Data trend really picked up in the late 2000’s as well. We zeroed in on AI in just about a couple of years ago. There’s a lot of machine learning and
Mark Achler: Our preference and our sweet spot is, we like it when there’s velocity and when there’s momentum in the sales pipeline and when there is a scalable way to generate growth, which is also another proxy for saying size and scale of the opportunity. There are a lot of wonderful companies out there