Sramana Mitra: In your experience in the venture capital industry, you must have realized that the bulk of the exits in the industry happen in the $50 million to $60 million price point. Unless you can build businesses capital efficiently, you don’t really make money of those exits. Bill Baumel: Bingo. We are exactly focused
Sramana Mitra: Do you have preference between B2B or B2C? Bill Baumel: Twitter and Facebook have shown that you can make a lot of money on B2C. My background is on the B2B side. We do have one B2C technology company that’s in the financial payments area. Most of the other companies are B2B SaaS,
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Kara Weber was recorded in November 2018. Bill Baumel, Managing Director at Ohio Innovation Fund, shares terrific insight into the region’s progress. Sramana Mitra: Tell us a bit about yourself. Tell us
Sramana Mitra: The issue that we are seeing is that a lot of companies are not ready for a $5 million to $10 million Series A. We need funds that can do $1 million to $3 million Series A. That’s only viable if the fund sizes are relatively small. The larger fund sizes cannot do
Sramana Mitra: It’s interesting to see that you guys are seeing AI in the midwest as well. It’s good to know that that’s a pervasive trend even in your part of the universe. From your fund’s point of view, what kind of ventures are you looking to invest in? What is your investment thesis and
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Darshan Vyas, LOUD Capital was recorded in September 2017. Darshan Vyas, Co-Founder Managing Director, LOUD Capital, discusses seed investing in the startup eco-system in the Mid-West from Ohio. Sramana Mitra: Tell us about LOUD