Sramana Mitra: When did you invest in this company? Vivek Ladsariya: This was a round that was announced in January. It was completed late last year. Sramana Mitra: It’s already acquired? Vivek Ladsariya: That’s correct. Sramana Mitra: What’s the total amount of funding to exit ratio? How much did you put in and how much
Sramana Mitra: What about geography? Do you invest all over the United States or just in the two locations where you are located? Vivek Ladsariya: We have companies across the US. We are also looking for companies outside the US. We have looked at companies coming out of Israel and Latin America. Sramana Mitra: Let’s
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Vivek Ladsariya was recorded in April 2018. Vivek Ladsariya, Partner at SineWave Ventures, talks about the firm’s investment thesis, as well as trends in the industry. Sramana Mitra: Let’s start by introducing
Sramana Mitra: This is your first fund, right? Yanev Suissa: Yes. Sramana Mitra: Have you had any exits yet? Yanev Suissa: No, we’ve been investing for about a year. Sramana Mitra: Next question is about unicorn mania. How does a seed investor protect themselves in the event that there is huge amount of capital being
Sramana Mitra: In this continuum of de-risking, where are you playing? Yanev Suissa: All of these things are reasonable factors that any VCs would look at including us. But to build an investment thesis of only investing if certain factors exist is not logical. We invest whether you have revenue or not, whether you have
Sramana Mitra: There are plenty of VCs focusing heavily on revenue numbers in the seed stage right now. Yanev Suissa: I remember I qualified it as who I know and who I respect. Sramana Mitra: I think I’d beg to differ there. There’re plenty of good VCs who are also focusing on revenue numbers at
Sramana Mitra: That was my conclusion when you prefaced the conversation that you are focusing on these government networks. You have a special unfair advantage in government relationships. I guess I’m a little bit thrown off by your comment that very niche funds is not where your bet is, which is a contrary to what you’re
Yanev Suissa: Obviously, we are financial investors and we do financial analysis. When I invest and decide on a company, what I’m looking at is not a ratio analysis of their past stock performance. I’m looking at the team, the market, their product, and their technology differentiation. It’s a much more on-the-ground advisory active type of