Sramana Mitra: Tell me about the kinds of B2C ventures you like to invest in. Besides the ventures doing good element, is there other parameterization that you could put on your preferred investments?
Taylor Greene: I try to simplify as much as possible. It’s my job to find outstanding entrepreneurs with breakthrough ideas who are solving big problems in markets that are either big already or that could grow into something huge. I’m always looking for that.
>>>Daniel Ibri: If you go to a retail shop, you can normally pay for your high end equipment in installments. It’s really common for the Brazilian market. These retailers end up giving credit, direct to consumers, out of their own balance sheet. The delinquency rate is really huge. It’s something around 30% to 50%. The startup’s mission is really meaningful. They [retailers] came with one of the founders. We took them to the C-levels of the biggest retailers, banks, and FinTechs in Brazil for partnerships.
>>>Taylor Greene: I think the major shift over the last six years since I’ve been doing this full-time is in the nomenclature. Pre-seed is really akin to what would have been a seed round or angel round 10 years ago. Typically that’s between $750,000 and a million dollars.
Ten years ago when I was raising money for my last company, our Series A was $4 million. Today, that would probably be called a seed round. Today, you’re seeing a lot of seed extensions which tend to be a $5 million round. That would have been more of a Series A ten years ago.
>>>Sramana Mitra: You have a very interesting investment thesis. What stage do you come in?
Daniel Ibri: We normally invest early stage. It’s normally pre-A, A, or post-A. It’s normally around Series A and we normally co-invest with local funds. We try not to lead the rounds. We co-invest with local VC’s and angels. We try to join the rounds as a strategic investor.
Sramana Mitra: These are Israeli investors that you have relationships with. Israelis lead. You come in as a follow to bring them into Brazil.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Taylor Greene was recorded in April 2019.
Taylor Greene, Managing Director at Collaborative Fund, shares his firms’ investment thesis.
Sramana Mitra: Let’s start by introducing our audience to you and to Collaborative Fund. Tell us about the fund. What is the fund size? What size checks do you like to write? Let’s get to know one another.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Daniel Ibri was recorded in April 2019.
Daniel Ibri, Co-Founder and Managing Partner at Mindset Ventures, talks about his firm’s investment thesis in enabling US and Israeli companies to enter Brazil.
Sramana Mitra: Tell us about yourself and about Mindset Ventures. Let’s get you introduced to our entrepreneur audience.
>>>Francis Simisim is Partner at Original Pitch Venture Capital based in the Philippines. We had a very good discussion on how that ecosystem is developing.
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In case you missed it, you can listen to the recording of this roundtable here: