Sramana Mitra: We have been doing 1Mby1M for over a decade and with our experience, technical founders can be taught the business side. I would say that the biggest achievement of 1Mby1M is teaching technical founders this accelerated mini-MBA that gives them all the pieces that they need to put things into perspective at least for that early stage.
In a deep tech deal, you are going to spend quite a bit of time just building the product and talking to customers to figure out what products you are doing. You don’t gain anything by bringing in a salesperson at that point. It is a founder-led sales process at that point.
>>>Rajeev Singh-Morales, Founder and Managing Partner at Alma Mundi Ventures, discusses the Europe – US bridge for tech startups.
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Sramana Mitra: Let’s double-click down on deep tech and seed investing in 2021. What check sizes are you writing and what does a team need to have in place for you to be willing to write that first check?
Karthee Madasamy: We invest between Seed and Series A. A lot of our stuff is with Series A. We selectively do seed, post-seed, or pre-Series A. Our check sizes range from $500,000 to $3 million. Our seed is probably $1 million to $2 million, but we’ve also done $3 million and $500,000.
>>>In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Ben Narasin, Founder and General Partner at Tenacity Venture Capital, a new Seed fund.
Agricoltura
As for our entrepreneur pitch, we had Davide Balbi, from Cassino, Italy, pitching Agricoltura, a farming venture.
PontApp
Next, we had Charvi Garg from New Delhi, India, pitching the PontApp, a scheduling app that she needs to position more precisely.
You can listen to the recording of this roundtable here:
Sramana Mitra: Your portfolio is almost entirely enterprise-focused companies, right? You do B2B enterprise businesses?
Karthee Madasamy: That is correct.
Sramana Mitra: Let me underscore what you are saying. When we started getting into this COVID mode of doing business, the buyers were not used to buying technology just based on a Zoom meeting. This is true unless it is a small deal size telesales-oriented sales flow.
>>>Dharmesh Shah, Founder and CTO of HubSpot, discusses his entrepreneurial journey with candor, humility, and generosity. Wonderful conversation, this is Part II.
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Dharmesh Shah, Founder and CTO of HubSpot, discusses his entrepreneurial journey with candor, humility, and generosity. Wonderful conversation, this is Part I.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | Google Play | Stitcher | TuneIn | RSS