Sramana Mitra: You have been around for a long time and so have I. We have come from this era in Silicon Valley where people would not invest in companies that are more than 15 miles away from them. Now, people are investing without meeting people. What is your current thesis around what geography you
Sramana Mitra: What we also see in the Bootstrapping to Exit mode of company building is a lot of acquisition hires. We have sold companies in our portfolio in that mode. These are typically companies with a little bit of angel financing that go straight for an exit. We pulled a company to Qualys, for
Sramana Mitra: The pool of talent has also broadened. Even a little country like Uruguay now has a couple of unicorns. I remember we did a case study a long time ago where there were two founders that met on the internet. One was from Ireland and the other was from Montevideo in Uruguay. When
Sramana Mitra: Are you saying that you are willing to write a $5 million check on a concept if those criteria are there? Sumant Mandal: Yes. Sramana Mitra: That is unusual these days, because people want the pre-seed and the seed guys to finance the company to significant traction before they are willing to write
Sramana Mitra: As you know, we have run 1M1M as a global virtual company right from the beginning, so nothing changed in our workflow. We don’t do anything in person. Sumant Mandal: If you have kids at home, they are very keen for you to go back to the office, especially teenagers. Sramana Mitra: Yes,
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 Sumant Mandal. Sumant Mandal, Co-founder and Managing Partner at March Capital, emphasizes the impact of Covid
Tim Guleri: Second, we are a hungry partnership. We have a large network of friends in the ecosystem boomerang entrepreneurs to us. We have a young team of investors that are active in the ecosystem by market. For instance, we have a person that is dedicated to the Midwest region to reach out to B2B
Tim Guleri: Point number one is that it would be hard. It takes too much capital. The second is data. For AI to succeed in any domain whether you are building a horizontal platform or bespoke AI for a particular application set, you have a lot of data to train these models. Data tends to