Michael Smerklo: Don’t let the idea that your idea isn’t big enough prevent you from get going. See where it goes. I am in line with what you said, and I am so passionate about it. Even though my day job is as a venture capitalist, I say to entrepreneurs all the time that if
Sramana Mitra: There are three trends that I think have accelerated. People are at home and are working at home. Their whole social life has gone out of the window. There is more family time when you have the right conditions and so forth, but people also have a lot more time to think. One
Sramana Mitra: I will tell you one thing that you may want to take note of. On the coast, there is also the kind of venture that you are looking for. They are capital-efficient ventures run by people who don’t want to play the unicorn game of flushing companies with capital. This came to be
Sramana Mitra: What are some of the companies that you have invested in the themes that are accelerating? What has been their journey? Give us a few examples. Michael Smerklo: One of the examples on the healthcare side is a company called Everlywell in Austin, Texas. We invested in them four years ago. They do
Michael Smerklo is Co-founder and Managing Director at Next Coast Ventures. We have a terrific conversation about a range of issues including solo founders and their ill-treatment by VCs. Sramana Mitra: We are going to start today’s session with a conversation with Micheal Smerkio, co-founder and managing partner at Next Coast Ventures. Welcome back to
Sramana Mitra: One of the areas that I am watching closely is Platform-as-a-Service (PaaS). I don’t know if you read some of my writing but I have been writing about this for about a year or more. I have had lots of conversations with lots of companies that are either already doing PaaS strategy or
Sramana Mitra: What about geography? Are you only doing Silicon Valley? Cindy Padnos: No, we always had a broader view in that as well. We’ve had companies in New York, Philadelphia, Pittsburgh, Chicago, Canada, and Southern California. We have always had a broader view. My partner, Jennifer is in Seattle. We look deeply into the
Cindy Padnos: I don’t know if you know Neha Sampat, but she has a company called Contentstack. It is in the digital experience management space. We led her seed round of financing that enabled them to go from $1 million in ARR to over $4 million in less than a year. This was done with