Sramana Mitra: How big is Courtside Ventures?
Deepen Parikh: Our first fund is $35 million. We were scrambling non-stop. It was just me and my partner. Our job is to find the best entrepreneurs, companies, and ideas across our main verticals. As a first-time fund, it was about building relationships with other VCs, sports leagues, and founders.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Deepen Parikh was recorded in May 2019.
Deepen Parikh is Partner at Courtside Ventures, a firm focused on investing in sports-related ventures. He provides a fascinating window into a little-discussed sector.
Sramana Mitra: Let’s start by having you introduce yourself and Courtside Ventures to our audience.
>>>Sramana Mitra: Give me some examples of the kind of medical companies that you have invested in.
Alain le Loux: I’ve invested in two companies. They are doing great, but it takes a lot of time. For one of them, we are already eight years in.
Sramana Mitra: What do they do?
>>>Sramana Mitra: What differences are you seeing in the trends in Europe versus America?
Alain le Loux: For follow-on rounds in the US, the money is easier than in Europe. In Europe, only less than 10% of Series A investments raise a B round. That’s a pity.
It looks like there is more money available in the US for follow-on rounds. You see a lot of unicorns in the US as well because there is a lot of money available.
>>>Rahul Chandra, Managing Director at Unitary Helion Ventures, provides an excellent overview of the opportunity around India’s next 400 million consumers.
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Sramana Mitra: We actually work only with IT and IT-enabled companies. We don’t do energy. We don’t do biotech. We don’t do cleantech. Where we overlap is in the robotics area mostly.
If you have stuff going on in healthcare IT or bioinformatics, that would be of interest to us. It sounds like robotics is the most interesting area for us to explore in this conversation.
>>>Doug Atkin, Managing Partner at Communitas Capital Partners, has extensive experience in FinTech and this conversation explores the nuances of that sector.
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Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Alain le Loux was recorded on July 2019.
Alain le Loux is General Partner at Cottonwood Technology Fund. The firm invests in hardcore technology startups in Northern Europe and the Southwest of the United States.
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