Michael Smerklo: I am passionate about encouraging people. The start of my book is called Mr. Monkey. He was the voice in my head that said, “You will never be successful. You won’t do it.” The book is about trying to give aspiring entrepreneurs and entrepreneurs the mental tools to take that first step. If
Michael Smerklo: Don’t let the idea that your idea isn’t big enough prevent you from get going. See where it goes. I am in line with what you said, and I am so passionate about it. Even though my day job is as a venture capitalist, I say to entrepreneurs all the time that if
Sramana Mitra: There are three trends that I think have accelerated. People are at home and are working at home. Their whole social life has gone out of the window. There is more family time when you have the right conditions and so forth, but people also have a lot more time to think. One
Sramana Mitra: I will tell you one thing that you may want to take note of. On the coast, there is also the kind of venture that you are looking for. They are capital-efficient ventures run by people who don’t want to play the unicorn game of flushing companies with capital. This came to be
Sramana Mitra: What are some of the companies that you have invested in the themes that are accelerating? What has been their journey? Give us a few examples. Michael Smerklo: One of the examples on the healthcare side is a company called Everlywell in Austin, Texas. We invested in them four years ago. They do
Michael Smerklo is Co-founder and Managing Director at Next Coast Ventures. We have a terrific conversation about a range of issues including solo founders and their ill-treatment by VCs. Sramana Mitra: We are going to start today’s session with a conversation with Micheal Smerkio, co-founder and managing partner at Next Coast Ventures. Welcome back to
Michael Smerklo is Co-founder and Managing Director at Next Coast Ventures. We have a terrific conversation about a range of issues including solo founders and their ill treatment by VCs.
Sramana Mitra: The geographies that you’ve mentioned, we have quite a bit of experience in some of them. Utah is really booming. Utah has taken that bootstrapping ethos to the ultimate levels of success. They have seen company after company bootstrap to success. Utah really stands out. Michael Smerklo: We think this is a major