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.
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Garrett Goldberg, Partner at Bee Partners, discusses his firm’s enterprise focused investment thesis, including some unique insights on SaaS-powered vertical marketplaces.
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During this week’s roundtable, we had as our guest Nick Adams, Managing Partner and Co-founder at Differential Ventures, an enterprise focused firm. We discussed counter-cyclical ventures in this Covid-19 world.
Menerva Software
As for entrepreneur pitches, Geetha Ramaswamy from Chicago, Illinois, pitched Menerva Software, a software services company that is bootstrapping towards a product.
C-Way Electric and Autonomous Vehicle
Next, we had Ssemakula Luyima from South Africa pitch C-Way Electric and Autonomous Vehicle.
Sramana Mitra: What is the go-to market strategy of the diagnostic product?
Ritesh Agarwal: They’re mostly in B2C. They’re selling the kit on Amazon or through their website. They want to go into more wellness sites – into B2B. That’s their next step.
>>>Sramana Mitra: Are you familiar with ButcherBox?
Elly Truesdell: Yes.
Sramana Mitra: I did a story with the entrepreneur. What struck me was that one of the things he faces when talking to investors is that it is a perishable product. How do you view this? Lots of food companies are selling perishable products.
>>>Sramana Mitra: Switching gears a bit, tell us a bit of a few companies you’ve invested in. Maybe start with the two that are turning into unicorns. Tell us where you encountered them and how you encountered them. What state were they in? What did you see in those companies that told you that this is going to go?
I’m trying to get at your thought process in thinking through investment opportunities.
>>>Sramana Mitra: You come from the traditional retail background. How does e-commerce play into this? What are the trends? How are you playing into those trends?
Elly Truesdell: We try to stay very aware of food being such a traditional system. There is an operational piece that’s still somewhat old school and traditional. There is some real need and attention being paid to where we can modernize this and can put tech behind better distribution, better logistics to get people food faster, safer, and fresher.
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