Sramana Mitra: What fund size are you working with to be able to do that many investments?
David Lambert: Our current fund is a $15 million to $20 million fund. We have $50 million under management across all our funds. The first fund was launched in 2012. It was pretty much proof of concept. We still did over 250 investments out of that fund.
Sramana Mitra: Have you seen exits?
>>>Sramana Mitra: What about sectors? Is there a B2B preference? What kind of companies do you like to invest in?
David Lambert: Our favorite business model is definitely B2B SaaS. We don’t have a particular focus where we have to invest in. What ends up happening in today’s world is that it takes a lot less capital to build a successful B2B SaaS business than it does to build a consumer business.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with David Lambert was recorded in March 2019.
David Lambert, Managing Director at Right Side Capital Management, a firm that invests small chunks of capital efficient ventures. The firm is very much in line with the Bootstrapping to Exit philosophy we’ve been discussing.
Sramana Mitra: Tell us about you. Tell us about Right Side. Let’s get acquainted.
>>>Vikas Choudhury is Managing Partner at Pivot Ventures, and President at Reliance Jio. He is one of the earliest Angel investors in India, and invested in early successes like InMobi and Myntra. We discuss the evolution of the Indian startup and venture capital industry.
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Cristobal Perdomo is Co-founder and General Partner at Jaguar Ventures, a venture fund that invests in Latin America.
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In case you missed it, you can listen to the recording here:
Sramana Mitra: Quizlet reminds me of Course Hero which is a company that we have covered extensively as well.
Mark Selcow: I’m not as familiar with Course Hero but the world of online mastery and online learning is pretty rich.
Sramana Mitra: Course Hero is doing tremendously well. Now you may want to check out Course Hero. Actually, you’ll find a couple of great interviews about Course Hero on the 1Mby1M blog.
>>>Mark Selcow: We had a market thesis that more and more employers were going to steer their employees to high-deductible plans because they work. There seemed to be a possible regulatory tailwind where the constraints on a high deductible plan might be relaxed at some point and anyone would be eligible for an HSA.
So we thought this was a market that had some positive trends. We were interested in Lively because I had an HSA with a different bank. It wasn’t a good experience. People will tell you that sometimes big incumbents who’ve been around for centuries can’t innovate in technology and the HSA products are kind of like that.
>>>