Sramana Mitra: Would you write the term sheet? Would you lead? Jon Staenberg: I used to a lot. At this point, I am not. To help in a situation, I would rather see a focused institutional firm. For me, pricing is not the signal that I want to give to the market. I would like
Sramana Mitra: What are those areas of personal interest to you currently? Jon Staenberg: Gaming is one of these massive categories. If you are not in it or if you are not a participant, then you don’t know how large and exciting it is. My generation doesn’t get that this is changing the world in so
Sramana Mitra: What is your current strategy going forward? Humanity has never changed in such space as you pointed out earlier. As we are seeing everywhere in all dimensions of life, this has been a real change enforcer. How do you parse that and what is your investment thesis going forward? What are you looking
Jon Staenberg, Managing Partner at Staenberg Venture Partners, discusses the trends he is seeing and the investment thesis he is following. Sramana Mitra: How have you been? How has COVID been? Has everything been okay? Jon Staenberg: I was just talking about that this morning. I feel very lucky. I traveled a lot during COVID.
Sramana Mitra: Switching the line of questioning, what are you thinking in terms of how you want to play this fund? Are you looking for unicorns? Are you looking for strategic early exits? What is the analysis? Alok Nandan: When we come in as investors, there are two guys in a garage most of the
Sramana Mitra: Do you want to do another use case like that one? Alok Nandan: Let me give you another one that is public. This is a company called Blitzz.io. There are two founders. One of them is a technical founder. He was in another venture-funded company. He was the Director of Engineering there. The
Sramana Mitra: You are looking for a founder that you feel good about. That is your answer. Alok Nandan: Unfortunately, it is subjective because at the seed stage, you don’t have that many metrics to go after. Series A and beyond, you have numbers and data that you can look at. At the seed stage,
Alok Nandan, Founding General Partner, First Rays Venture Partners, discusses the firm’s investment thesis which is very well-defined and focused. Sramana Mitra: Let’s start today’s session with a conversation with Alok Nandan, Founder and General Partner of First Rays Venture Partners. Alok Nandan: Great to be back. Thanks for having me.