Sramana Mitra: I’ve been in this industry for a long time, and I’ve seen a few cycles. When we see discontinuities, every VC firm goes through a process of considering that discontinuity and developing a thesis around what kinds of companies should be doing well in this environment.
We just discussed one of your companies that is a perfect example. Do you have a broader thesis on the kinds of companies you’re looking for? Our community is full of entrepreneurs.
>>>Sramana Mitra: What was Ocrolus doing that was brilliant?
Nick Adams: I can’t share all of that, but they’ve done a couple of things around how they structure their team both on a technology front-end of things and in their back-end operations in India.
They can take a bank statement from somebody looking to get a loan and turn that around in a matter of minutes with 99% accuracy at a very low cost. It’s a very tight integration between the technologies that they’re using.
>>>Pamela York is Founder and CEO, Atasi Ventures, with a special focus on women entrepreneurs in healthcare.
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Sramana Mitra: Double-click down a little bit on what kinds of businesses. You said enterprise and data science. Can you add some color?
Nick Adams: I would break it down to three categories. We’re broadly looking at the future of work. Specifically, how data and data science can change the way businesses operate today. The opportunity is still very large. It’s still at the early days of making information actionable.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nick Adams was recorded in April 2020.
Nick Adams is Managing Partner and Co-Founder at Differential Ventures, an enterprise-focused firm. We discuss counter-cyclical ventures in this COVID-19 world.
>>>In case you missed it, you can listen here:
During this week’s roundtable, we had as our guest Pamela York, Founding General Partner, CAPITA3 and Founder & CEO, Atasi Ventures, with a special focus on women entrepreneurs in healthcare.
Augmented Sense Technologies
As for entrepreneur pitches, Anthony Dobaj from San Jose, California, pitched Augmented Sense Technologies, a hardware product.
Prizatech
Next Shalender Singh from Milpitas, California, pitched Prizatech, an AI product for document generation.
Sramana Mitra: What trends do you see in general in terms of types of companies? Are there any highlights of what kinds of companies we’re seeing in 2020?
Parthib Srivathsan: We have a very specific focus. We built our deal flow relationships to deliver companies that fit those criteria. In terms of what we are seeing, it’s largely B2B tech.
>>>