Sramana Mitra: Very interesting. I would definitely like to learn more about EverlyWell. I’ve seen a company like this – Iris Wellness, which dealt with the issue of the physicians not wanting to process. None of the physicians were equipped to deal with it. I’m very curious about how she is handling the interface with
Sramana Mitra: Talk about some examples of what you have really invested in and more about the ones that are conviction investment. Michael Smerklo: I’ll give you one example. I’m on the Board of a company called EverlyWell in Austin, Texas. This was an idea that we were looking at. This is disrupting the lab
Sramana Mitra: What is the current fund size? $50 million is a small fund size to do $5 million to $10 million checks. Michael Smerklo: We ended up being way oversubscribed for fund one. We ended up being just under $90 million for fund one. It was twice larger than we expected. Sramana Mitra: To
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Michael Smerklo was recorded in April 2019. Michael Smerklo, Co-Founder and Managing Director at Next Coast Ventures, talks about some of the ventures his firm has invested in and the philosophy in
Kara Weber: I talked about a female-founded company in LA and a female-founded company in New York. We don’t just invest in companies founded by women but 65% of our companies have female founders. Today, I’m going to focus on female-founded businesses. Riveter is a Seattle-based company with locations in Seattle and Los Angeles. Riveter is
Sramana Mitra: You said you got involved before anybody else because you met this person long back. You resonated with what they were saying. At what stage did you write the check? Kara Weber: I wrote the check at the pre-seed stage. Sramana Mitra: This is one of the exceptions where you did do pre-seed.
Sramana Mitra: What do you like to invest in? Kara Weber: We invest in companies transforming the future of commerce. Those companies need to be led by brilliant and diverse leadership teams. When we say transforming the future of commerce, we’re not only talking about brands and consumer products, although we have invested in several.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Kara Weber was recorded in November 2018. Kara Weber, Founder and General Partner at Brilliant Ventures, speaks extensively about her commitment to female founders. Sramana Mitra: Let’s get you acquainted with our