Sramana Mitra: One of the things that I’m excited about in what’s happening right now is the smaller businesses’ ability to afford technology. For that to be more and more interesting, there will need to be more and more interesting technology available at really low prices that are affordable for the small businesses. That opportunity
Sramana Mitra: That is absolutely correct in the examples that you’re giving. There is one thing I want to point out for the audience. Remember when software was being sold by large companies to large enterprises. Back then, this whole category of software companies came in and priced very low SaaS offerings and started selling
Sramana Mitra: Before we move on to the next example, Ben, what kinds of insights are being tracked by this AI chief of staff?
Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.
Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.
Ben Narasin: You build your business up to $5 million in revenue. It seems like a healthy lifestyle business to me. If you have a 40% gross margin, that means $2 million is flowing to you. If you can keep your operational expenses low, that can be a great living. Later, there are people who
Sramana Mitra: The most important thing is that big market opportunity. Hypergrowth is not a natural state of business. If every entrepreneur thinks that we have to achieve hypergrowth, that is not viable. Most businesses don’t have the characteristics of being able to meet that hypergrowth criteria. Ben Narasin: Absolutely agree. Venture wasn’t built to
Sramana Mitra: What is your investment thesis? Tell me a bit more about what you like to invest in? What problems in the world do you have your eye on? What segment do you specifically like? Is e-commerce still an interest? Ben Narasin: I make a very proactive effort to meet every VC in the