If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Tod Francis. Tod Francis, Managing Director at Shasta Ventures, starts with a discussion on the history
Tod Francis, Managing Director at Shasta Ventures, starts with a discussion on the history of retail, all the way from shoe stores, to departmental stores, and back to specialty retail. This is followed by a similar overview of the history of e-commerce ranging from Amazon’s strategy to how specialty retail is translating into niche e-commerce,
If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Ravi Mohan. Ravi Mohan is Managing Director at Shasta Ventures, a firm that has invested in
Ravi Mohan: The last company is a company called Analpan. Anaplan is really taking Excel and putting it in the cloud so businesses can plan better and really model any type of business problem. How do I do my financial plans for the year? How do I do my workforce plans for the year? They’ve
Sramana Mitra: One of my observations is, if you’re doing a pure logistics play, it’s getting harder and harder even in niche e-commerce. Amazon is so comprehensive. The big categories are all taken. The way to differentiate is with new branded products. What you are layering on to that is the notion of repeat purchase
Sramana Mitra: Could you take us through a bit of the thinking for your portfolio strategy in B2C? Both trends that you’re seeing as well as where your bets are. Ravi Mohan: Every new communications platform yields huge new B2C companies. With the internet, you ended up with Facebook. Mobile hasn’t quite gotten there yet.
Sramana Mitra: We focus a lot on that product-market fit process. Our guidance to our entrepreneurs most of the time is to figure out that product-market fit before going out to raise money. The vast majority of the market is in that mode right now. That’s just an aside. In B2B, do you have sweet
Sramana Mitra: Just to complete that configuration question, because of our activities being global, we see companies everywhere. We see companies all over the United States. We companies in Europe. Many of them have aspirations of coming to Silicon Valley and set up their go-to market operation. Maybe they do validation elsewhere, but they go