Sramana Mitra: We are big fans of capital-efficient businesses that are not necessarily chasing unicorns. Partly, the problem I have with this unicorn chasing is flushing these companies with too much capital. Then the exit bar is so high that companies end up in this twilight zone where they’re burning too much cash, can’t raise
Sramana Mitra: Sometimes when you’re in a fundraising cycle, you may not be quite ready for the investor to write the check, but you build the relationships and show traction. At some point, it will converge potentially if you know what your target is. Pawel is explaining that the target is $50,000 MRR. If you
Pawel Maj: We would like to have about 10 to 15 companies in our portfolio at any given moment. We like to get hands-on since our history comes from the private equity market. For pre-seed or seed, we invest smaller tickets but much in larger number of projects to spread the risk. In our case,
Pawel Maj, Investment Director, Warsaw Equity Group, discusses post-seed and pre-series A funding in Eastern and Central Europe in the context of his firm’s investment thesis. Sramana Mitra: Tell us about what’s up in Poland. You are in a semi-warzone. What’s happening with the startup ecosystem? Pawel Maj: The war is in another country, but
Pawel Maj, Investment Director, Warsaw Equity Group, discusses post-seed and pre-series A funding in Eastern and Central Europe in the context of his firm’s investment thesis.