Sramana Mitra: What is your investment thesis around online education right now? Jason Stoffer: I don’t really do education either online or offline. The biggest area of opportunity in education is post-college. What you see is an environment where when I graduated college in 1999, it was very easy to get a job. You had
Sramana Mitra: Let’s switch topics a little bit to look at some other categories that you tend to invest in. You like to invest in education it seems – online education. I saw that you’ve invested in Course Hero. We’ve done a big story on Andrew. I love what Course Hero is doing. Huge numbers
Sramana Mitra: My observation is the venture capital industry needs to really get a lot more savvy and sophisticated about the discipline of merchandising if it really wants to play in this B2C brand world. Especially in domains like fashion and design it’s all about merchandising and curation. Jason Stoffer: Look at Mickey Drexler. It’s
Sramana Mitra: We are in 2017. Lots of stuff have already been built. Nowadays, there aren’t so many wide open opportunities for doing fundamental things the way Salesforce or Facebook did it. The incumbents are incredibly powerful. They have monopolistic power. We have a lot of capital in the system right now. If you’re managing
John Dougery: I think that the point about SaaS is all about market size, but we have a different view. We have been doing SaaS companies since we started 10 years ago out of India. We’ve always had a thesis that business software companies are going to be very interesting product opportunities. That came out
Sramana Mitra: What about industry sector? Do you have preferences? Do you have concentrations? Do you have expertise in specific sectors? Oded Hermoni: We usually invest a lot in media. A couple of months ago, you covered two Israeli companies Outbrain and Tabula. We invested in Outbrain very early on. We also invested in a
John Dougery: We had a thesis around services-based businesses in e-commerce for consumers. Financial technologies are a big segment there. We invested in Policybazaar, which is the leading online insurance marketplace by a factor of 10 over its competition now. It was about a factor of five when we first invested. It’s getting increasing commissions
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Oded Hermoni was recorded in October 2017. Oded Hermoni is Managing Partner at Rhodium Venture Partners, and is also co-founder of an Angel group, J-Angels. Sramana Mitra: Tell us about Rhodium. What is the