Giuseppe Donvito: I can mention several exits just in our portfolio. In some, they were successful exits. What I found very interesting is, as a VC, you always need to be clever to find the right time. This is key. Otherwise, it is easy to say you’ll keep the company for 10 years.
In our case, we were able to find the right moments. In some cases, if we don’t sell the company at a particular time, the company wouldn’t exist because of other reasons. The exit is evolving. There will be more and more in the coming years.
>>>Giuseppe Donvito: When we analyze a company, we always apply our proprietary framework. We are obsessed with the quality of the founding and management team. This is the main point for us. We thought the management team could be the right people for this kind of deal.
At the same time, given our knowledge of the FinTech sector, we thought that the company had significant improvement for growth. They’re one of the largest in Europe in embedded finance. They were always able to navigate the ups and downs. It can’t always be positive. The founding team built a resilient top management team. Even in difficult times, they were able to find the solution. They proved to be resilient.
>>>Sramana Mitra: Firstly, what is the size of your deal flow? How many deals do you see?
Giuseppe Donvito: When we started, we used to do a mix of post-seed and early stage. We used to see a thousand companies per year, out of which, our investment rate was 5% per year. Now that we’ve moved to a more later stage, we see probably 500 deals a year and we do only 1%. In those typical stats, we don’t explore 50% and the other half we do some analysis.
>>>Giuseppe Donvito is Partner at P101 Ventures based in Milan. We have a wonderful conversation about Italian startups.
Sramana Mitra: Let’s start by introducing our audience to you and get acquainted ourselves as well.
Giuseppe Donvito: I’m a Partner at P101. I’ve been in the venture capital and private equity industry for more than 20 years. I have a Masters in Telecommunications Engineering, an MBA, and completed an advanced executive course at Northwestern University at Chicago.
>>>Julien Pham is Founder and Managing Director at Third Culture Capital (3CC), a firm focused on investing in the healthcare space.
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In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had as our guest Julien Pham, Founder and Managing Director at 3CC Third Culture Capital, a firm focused on investing in the healthcare space.
Afterlife
As for entrepreneur pitches, we first had Brett Maxfield from Los Angeles, California, pitch Afterlife, a concept-stage venture that is waiting for financing to get off the ground.
Efeedo
Next, we had Javed Christi from Saint Charles, Missouri, pitch Efeedo, a revenue stage venture in the crowded restaurant POS space, that is looking to raise financing.
You can listen to the recording of this roundtable here:
Heather Hiles: The problem with community colleges is, even after you have AA and even after Bachelor, they don’t get themselves hired. They don’t find themselves having industry capabilities. One can earn $100,000 being a Salesforce Administrator. I can teach you in probably four months. You can’t learn that at a community college. You could get an AA degree, but you still don’t have a way to earn a good living.
Sramana Mitra: But that’s my point. You can learn Salesforce Administration through Udemy.
>>>