Sramana Mitra: Where are you located? Roman Kikta: I am based in Dallas, Texas, but we are distributed globally. I have partners in Barcelona, UK, Taiwan, Hong Kong, and Sao Paulo. Sramana Mitra: How many partners are bringing in this $200 million of working capital. It sounds like all of them are general partners in
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Roman Kikta was recorded in September 2020. Roman Kikta is Managing Partner and Founder at Mobility Ventures. Roman discusses his firms’ investment thesis.
Sramana Mitra: Here in 1M1M, we are huge believers in bootstrapping. We encourage people to bootstrap first and raise money later. It creates a healthier term sheet and trajectory, but it is hard to do in such expensive cost structure situations. My other question, based on what you have said, is about the structure and
Sramana Mitra: A couple of questions emerge from what you have said. I’ll ask them in sequence. What is the current dynamics of companies building out of Minnesota? You talked about Zencoder which started in Minnesota. Did they move to Silicon Valley or did they continue to operate from Wisconsin? Robert Weber: Initially, Zencoder maintained
Sramana Mitra: What is the situation in the Minneapolis area for the kind of companies that you are looking for? What is the scale of the deal flow? How active are the entrepreneurs? Robert Weber: I would imagine that Twin Cities is like many cities in the world. They have a corporate mindset. We have the
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Robert Weber was recorded in September 2020. Robert Weber is Managing Partner at Great North Labs located in Minneapolis.
Sramana Mitra: We have a series that we do on our blog called Death by Overfunding. We have case studies after case studies of companies that had no business going out of business but went out of business for absolutely the wrong reasons. One of my saddest case studies is this eBay seller who did
Sramana Mitra: You want to give another example? Shripriya Mahesh: Sure. Another example is a company called Core, which is a meditation company. We invested in Core at their seed round. They hadn’t launched as well, so it was based on a pre-product market fit.