Sramana Mitra: When you say you have an operational team, what did your operational team do in this case?
Parthib Srivathsan: We announced the deal on the 1st of April so it’s still early days. Our competency is primarily around the go-to market. We act as an extension of the startup. We identify areas where the team potentially lacks depth in. We roll up our sleeves and do the work.
>>>Christian Czernich is Founder and CEO at Round2 Capital Partners, a firm that is experimenting with an alternative financing model.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | Google Play | Stitcher | TuneIn | RSS
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Parthib Srivathsan was recorded in May 2020.
Parthib Srivathsan, Co-Founder and Head of Platform at Companyon Ventures, discusses his firm’s investment thesis.
>>>Sramana Mitra: How much money had gone into the company at the point of exit?
Garrett Goldberg: Probably around $60 million. They raised Series A, a Series A extension, and then Series B.
Sramana Mitra: Interesting. A question about real estate since that’s a background you have. What do you see happening given that we are going through this tremendous work-from-home trend at the moment.
>>>In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Christian Czernich, Founder and CEO at Round2 Capital Partners, a firm that is experimenting with an alternative financing model.
Prometeo
As for entrepreneur pitches, Jonathan Mentz from Cape Town, South Africa, pitched Prometeo, a risk analysis and monitoring solution.
Hustlebeez
Next Bing Huang from Sunnyvale, California, pitched Hustlebeez, a personal finance app for debt management.
Sramana Mitra: You had both transaction revenue and marketplace revenue.
Garrett Goldberg: The company exited right as we were turning on marketplace transactions. The next one had that as well. It’s a marketplace in the chemicals industry called Knowde. Instead of having a software product, it had a storefront tool for chemical producers to sell their wares.
>>>Sramana Mitra: When you made the decision to invest in this young founder, how did they find you or how did you find them?
Garrett Goldberg: That’s part of what we do here, we try to make sure we’re approachable by founders. This particular one came through another founder that we had a relationship with. We see a lot of good deal flows from later-stage VCs.
>>>