Sramana Mitra: How did that happen? How did they find you? How did you find them? Steve Beck: I built a company with some guys called C2B Technologies. We sold it to a company called Inktomi in 1999. We had a great exit. We started a little venture firm. One of the companies we began
Sramana Mitra: What do you need in terms of metrics? Let’s talk about B2B SaaS. Are you looking for a million dollar ARR? Are you looking for paying customers but not yet velocity? What is the comfort zone? Steve Beck: We hear these types of things all the time. What we’re looking for are some
Sramana Mitra: That’s very good to hear that kind of alternative investment thesis because with 700 plus micro-VCs in the industry, there is no way we’re going to get 2,500 unicorns. Unicorns are supposed to be rare, so it’s mathematically impossible to have that many. I hear from too many investors that they’re all chasing
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Steve Beck was recorded in May 2018. Steve Beck, Managing Partner at Serra Ventures, discusses his firm’s non-Unicorn investment thesis. Refreshing to hear. Sramana Mitra: Let us introduce you to the audience.