During this week’s roundtable, we had as our guest Elizabeth Yin, General Partner at Hustle Fund, a pre-seed investment firm.
Relefant
As for our entrepreneur pitch, this week we had Marko Lauhiala from Helsinki, Finland, pitching Relefant.
In addition, we had a great brainstorming session around one of my ideas from 8 Startup Ideas for the Post-Covid World around travel:
Facilitating Travel Experiences
There are two major trends that the world will need to take in stride in the Covid era: air travel will become expensive and people will be working remotely. The startup idea addressing these trends as explained here would be a $5-$10 Billion market cap company, a Unicorn.
You can listen to the recording of this roundtable here:
Mike Edelhart: The second is science and technology. We’re deep science oriented. The ideas we hear from the entrepreneur on day one won’t be the ideas by which the company actually succeeds. It’s all delineated by change and unexpected circumstances.
>>>Sramana Mitra: Social Starts and Joyance Partners are two separate funds. What are the fund sizes?
Mike Edelhart: We are about $70 million all in. We will be more than doubling in size. We are investing out of Social Starts fund four which is just under $20 million. Social Starts is about $50 million all-in across the funds.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Mike Edelhart was recorded in August 2020.
Mike Edelhart, Managing Partner at Social Starts and Joyance Partners, shares some fascinating developments from their portfolio, especially a healthcare startup that is thriving in the COVID-era.
>>>Suman Talukdar is Founder and Managing Partner at AiSprouts.VC.
Podcast: Play in new window | Download
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In case you missed it, you can listen to the recording here:
In general, Bootstrap First, Raise Money Later is the best strategy. You need to be ready to raise money.
If you decide to raise money, I strongly suggest you read the 1Mby1M Seed Capital series of interviews on our blog ASAP. We’ve profiled investor after investor to understand their investment thesis. You need to get in their heads and get a sense of what they’re looking for, especially if you’ve never raised money before.
Remember, Investors are looking to multiply the money that they put into startups.
During this week’s roundtable, we had as our guest Suman Talukdar, Founder and Managing Partner at AiSprouts.VC.
Examd
As for entrepreneur pitches, this week we had Shantanu Dev from Plainsboro, New Jersey, pitch Examd, an online exam proctoring solution.