Sramana Mitra: What have you invested in that has passed all these diligence tests and emerged as something that looks like it could stand on its own without getting blindsided.
>>>Sramana Mitra: Deep domain knowledge is where a lot of those exit barriers come from, right?
>>>Sramana Mitra: Yes. When you see these deals that are starting to find some velocity early on and coming to you with that as one of the proof points, what are you seeing? What kind of go-to-markets are you seeing that are giving them this kind of velocity? I understand that it takes fewer people to build software right now because of all these AI copilots and this and that.
>>>Sramana Mitra: When you say you write the Series A checks, what are you looking for in the ventures that you’re willing to come in at the Series A? Let’s start with your specialty, which is worldwide B2B SaaS.
>>>Piyush Kharbanda, General Partner at Vertex Ventures, discusses his firm’s AI investment thesis.
>>>For our Seed Capital series of podcasts, I’ve interviewed hundreds of investors, especially micro-VCs and angels who play an important role in the early-stage game. The toughest round of funding an entrepreneur will seek to raise is Pre-seed. How do you increase your odds?
Pre-seed has the lowest probability of success. Over 99% of the entrepreneurs who seek financing are rejected. Read more about the Probability of Pre-Seed Funding.
Sramana Mitra: I’m sure you are seeing that category of entrepreneurs in the geographies that you’re catering to. That is a true statement. They’re benefiting from the fact that the ultralight startup trend is really taking off right now because of AI.
>>>Sramana Mitra: The founders that are prized are founders who bring that kind of deep domain knowledge with which to build something differentiated.
>>>