Christina Brodbeck, Founding Partner at Rivet Ventures, talks about the firm’s investment thesis of funding companies that target the female demographic in its purchase decision cycle. Very interesting and under-served market.
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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 Nathan Lustig was recorded in October 2017.
Nathan Lustig, Managing Partner of Magma Partners, a Latin-America-focused fund. He talks about their strategy, as well as the dynamics of the LatAm market.
Sramana Mitra: Tell us about Magma Partners. What is the focus of the firm? How big is the fund? What size investment do you make?
Nathan Lustig: We’re a US-Latin American venture capital fund. We got started in 2014. In our first fund, we had $2 million of >>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Sandeep Singhal was recorded in July 2016.
Sandeep Singhal, Managing Director, Nexus Venture Partners, is a key player in the India-US startup corridor. The discussion spans trends in SaaS, Open Source, and the Indian venture capital market in general. If you are working in the technology startup sector with an interest in India, this is a worthwhile discussion.
Sramana Mitra: Let’s start with some kind of basic level setting. The Indian SaaS startup scene has gone
Sramana Mitra: You mentioned the unicorn valuations of these e-commerce companies in India. The valuations are quite outrageous. How do you analyze what’s going on?
Sasha Mirchandani: There’s somebody paying for those companies that have taken them to big valuations. 2016 will be a very interesting year. It will be a year of reckoning. It will be a separation of the men from the boys. The jury is out on what will happen by the end of this year.
With capital now becoming far more difficult to source, I think there’s going to be more consolidation. It’s going to be very interesting to see what happens regarding the company that I just mentioned with Amazon also breathing down their necks. All >>>
In case you missed it, you can listen to the recording here:
Sramana Mitra: What is the size of the fund?
Padmaja Ruparel: $70 million. The IAN platform represents a way of raising money from $30,000 to almost $7 million. All they need to do is to keep performing and growing the company and money will be available. I think that this is the new gap that we have identified. This is the new gap where we have positioned the fund. The second that we have done is 60% of the fund is raised.
We started operations and investments in six companies all in a period of a quarter. Interestingly, the entire 60% has been raised in India. This is domestic money. It’s hard to raise money in India and therefore, they raise a lot of money overseas. We have >>>
In the current investment climate, where capital is moving further and further upstream with all these larger funds wanting to invest in much larger Series A deals, entrepreneurs (and investors) need to find a way to mitigate the Series A gap. There’s clearly a Series A gap, with 50,000 to 70,000 seed-stage investments happening while only 1,200 to 1,500 Series A’s take place. Each of the following investors recently discussed this situation with me, along with other current entrepreneur-investor issues, during 30-minute podcast interviews. Startup entrepreneurs who need financing must be mindful of the Series A gap.
Nate Redmond, Managing Partner at Alpha Edison, a VC who has put trust-driven ventures at the center of his investment thesis. It’s a very interesting conversation for both entrepreneurs and investors to listen to.
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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 Sasha Mirchandani was recorded in February 2016.
Sasha Mirchandani, Managing Partner of Kae Capital, an early stage venture fund, is also a co-founder of Mumbai Angels. Sasha re-emphasized that Indian VCs only invest in India-facing B-to-C ventures and global B-to-B startups. India-facing B-to-B is not a sector that gets any investment, with few exceptions. We discussed the lack of exits in India, as well as the missing late-stage funding for B-to-C ventures facing the Indian market. Those of you who are working out of India would do well to keep these key points in mind.
Sramana Mitra: If you could tell us a bit about our fund and your investment in recent years and how that dovetails with the trends in the Indian industry. >>>