Sramana Mitra: You said you like early exits. Does that mean that if the company is raising more money after your angel round, you actually sell out on those rounds? Nitin Rai: If we have an opportunity, we will. The biggest issue for any company is when they hit the $2 million to $3 million
Sramana Mitra: We’ve done stories on other companies from Oregon that have that dynamic of very capital-efficient execution. We did a story on ShareID, which you probably know. I think they’re Eugene-based. Nitin Rai: I’m an early investor. Sramana Mitra: We did that story very early on. They were already quite successful. They were already
Sramana Mitra: What about industry trends? Nitin Rai: We see a very diverse group of entrepreneurs. Between 40% and 60% are technology. On the technology side, we see SaaS, VR/AR, IoT. We see a fair amount of medical device type of companies. We see apparel. We see sports. Sramana Mitra: Let me double-click down. We
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nitin Rai of Elevate Capital was recorded in February 2018. Nitin Rai, Managing Director at Elevate Capital, made a compelling case for investing in niche businesses with the upfront goal of scoring early exits.