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- The Startup Velocity Question
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- Man and Superman
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- The Future: End of Capitalism
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Seed Capital
1Mby1M Virtual Accelerator Investor Forum: With Waikit Lau (Part 1)
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Waikit Lau was recorded in June 2018.
Waikit Lau, investor and serial entrepreneur, has a refreshingly open attitude towards investing in very early stage companies. Wonderful conversation.
Sramana Mitra: Tell us a little bit about what you have been up to so our audience gets to know you and your background. >>>
1Mby1M Virtual Accelerator Investor Forum: With Brock Pierce of Blockchain Capital (Part 3)
Sramana Mitra: Let’s double-click down on each of those categories. Give us some examples of ventures that you have invested in that particularly stand out as great examples of leveraging Blockchain to address one or the other of your two categories.
Brock Pierce: I started Blockchain Capital back in 2013. It was the first venture fund in this sector back then. I’ll use one example. I think we’ve invested in over 70 Blockchain companies. I still am the most active venture investor in the ecosystem. There are now plenty of funds doing this. I’m always going to where the market is going and what is needed most. I consider myself a servant.
Abra is a very interesting one. The founder is a very experienced fintech entrepreneur having built multiple companies. Abra is taking advantage of >>>
1Mby1M Virtual Accelerator Investor Forum: With Brock Pierce of Blockchain Capital (Part 2)
Sramana Mitra: Given that is your high level hypothesis, where are the investment opportunities for venture investment that you are particularly excited about?
Brock Pierce: We’re about 10 years in where the internet was in the mid to late 90’s. Keep in mind that internet wasn’t useful until you had a sufficient amount of infrastructure. You need the bridges, the roads, the tunnels. The internet wasn’t useful to most people until you had internet browsers, email clients, and a sufficient amount of content to consume. Blockchain is now entering that phase where we have the infrastructure that can help begin to scale.
The first 10 years has really been about infrastructure. Not that infrastructure is not an important category but we’re now entering the phase where >>>
1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 4)
Sramana Mitra: What is the metric that you look for?
Kelly Perdew: We publish that we like to see companies that have $50,000 to $100,000 of monthly recurring revenue which translates into $600,000 to $1.2 million in ARR. The companies that we’ve invested in have been at $1 million and growing. That’s the rule. There are exceptions to every rule. We want to see that. What gets interesting though is we have to do a whole lot with the financials because your definition of recurring revenue and my definition of recurring revenue might differ.
We just want to be on the same page with the definition of what that is. When you’re talking about clients that are small and medium-sized businesses, they may only spend money every quarter. It also depends on what vertical they’re in. Being able to separate that and understand churn >>>
408th 1Mby1M Entrepreneurship Podcast With Kara Weber, Brilliant Ventures
Kara Weber, Founder General Partner at Brilliant Ventures, speaks extensively about her commitment to female founders.
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1Mby1M Virtual Accelerator Investor Forum: With Brock Pierce of Blockchain Capital (Part 1)
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Brock Pierce was recorded in September 2018.
Brock Pierce, Co-Founder of Blockchain Capital, discusses his worldview of the Blockchain investment opportunity. Brock is one of the pioneers of investing in Blockchain companies.
Sramana Mitra: Why don’t you tell us a little bit about your various activities. I know you’re an expert in Bitcoin, crypto, and Blockchain. You invest outside of those segments as well. Give us an overview of what you are up to. >>>
412th 1Mby1M Entrepreneurship Podcast With Bill Baumel, Ohio Innovation Fund
Bill Baumel, Managing Director at Ohio Innovation Fund, shares terrific insight into the region’s progress.
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1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 2)
Sramana Mitra: What is the definition, in your case, of late seed and early Series A? What metrics are you looking for?
Kelly Perdew: Typically, there’s an MVP. They’ve found a problem where they’ve either built a solution for and have started selling that to more than one client. They’ve raised some money. Usually, it’s in the $200,000 to $500,000 range that helped them to get to that point. Frequently, that’s friends and family, credit cards, and maybe one or two angels.
Interestingly enough, a lot of our deal flow comes from the ecosystem itself. Techstars, YCombinator, and 500 Startups are already curating lots and lots of entries to select the company that they think could be the most viable. Criteria in terms of where we want to invest is they have some revenue >>>