Sonali Vijayavargiya: Another example that I would share with you is a company called Flume. It’s in the water space. This came out of Cal Poly. This was brought to our attention by one of our champions and co-investors from the Bay Area. It’s a very elegant solution for leak detection and water management. I’m
Julianne Zimmerman: The company did eventually have mainstream well-known investors. It took us a long time to get there. Also, that company was one of innumerable companies that were killed off in the extinction event that occurred when the markets imploded in 2007. I had an amazing experience of being at the forefront and accomplishing
Sramana Mitra: Tell me more about the business model. A large percentage of enterprise software is sold via the subscription business model. So is that your business model? Sonali Vijayavargiya: Exactly. Most of our companies have a subscription business model. Investors value the recurring model. I feel that products don’t walk by themselves. You have
Julianne Zimmerman: I never aspired to be in the venture capital world. I started off as an aerospace engineer. I went to MIT when I was 16 because I had wanted to be an astronaut since I was 12. I thought that that’s how you became an astronaut. It’s not the worst idea, but it’s
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Sonali Vijayavargiya was recorded in July 2020. Sonali Vijayavargiya, Founder and Managing Partner at Augment Ventures, discusses her firm’s investment approach, including early exits.
Sramana Mitra: Given your target audience, where do you source deals from? What is the strategy that gets you face to face with such entrepreneurs? Julianne Zimmerman: This pertains to one of the fundamental myths at the heart of the current incarnation of the venture sector. We have this deeply-rooted pernicious myth that there’s a
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Julianne Zimmerman was recorded in July 2020. Julianne Zimmerman is Managing Director at Reinventure Capital, a firm focused on minority founders.
Sramana Mitra: What does the company need to have by way of proof point to qualify for your funding? Dan Roselli: I’ll start by saying what’s next and then work backwards. Series A investors want to see about $100,000 in monthly recurring revenue.