Sramana Mitra: A couple of questions emerge from what you have said. I’ll ask them in sequence. What is the current dynamics of companies building out of Minnesota?
You talked about Zencoder which started in Minnesota. Did they move to Silicon Valley or did they continue to operate from Wisconsin?
Robert Weber: Initially, Zencoder maintained their operations here, but they were under some pressure to relocate to the Bay area and they did that. In the case of Field Nation, it had grown quite a bit more than Zencoder ever did.
>>>During this week’s roundtable, we had as our guest Sasha Mirchandani, Founder and Managing Director, Kae Capital, an early stage fund focused on India. I’ve known Sasha for over a decade, and we discussed the evolution of the Indian startup industry at length.
Predicate Group
As for entrepreneur pitches, up first we had Joe Ko, Predicate Group, an incubator for online brands. Joe has excellent domain knowledge in e-commerce.
SpecFash
Next, Rajesh Soundararajan from Madurai, Tamilnadu, India, pitched SpecFash.com, a concept-stage venture for luxury eyewear.
You can listen to the recording of this roundtable here:
Sramana Mitra: What is the situation in the Minneapolis area for the kind of companies that you are looking for? What is the scale of the deal flow? How active are the entrepreneurs?
Robert Weber: I would imagine that Twin Cities is like many cities in the world. They have a corporate mindset. We have the largest amount of Fortune 500 companies per capita in the US.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Robert Weber was recorded in September 2020.
Robert Weber is Managing Partner at Great North Labs located in Minneapolis.
>>>Fabrice Grinda, Founding Partner at FJ Labs, discusses his firm’s investment thesis around marketplaces.
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In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Fabrice Grinda, Founding Partner at FJ Labs, who discussed his firm’s investment thesis around marketplaces.
We then went on to discuss one of my startup ideas from 8 Startup Ideas for the Post COVID World that has generated a lot of interest: Startup Idea for the Post Covid World: Meaningful Friendships Through Literature and Film.
Henrietta Tech
As for entrepreneur pitches, we had Pedro Guardado from Baltimore, Maryland, pitch Henrietta Tech, a direct doctor-patient relationship platform.
Vishesh Rajaram, Managing Partner, Speciale Invest, discusses his fund’s investment thesis.
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