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Venture Capital
1Mby1M Virtual Accelerator Investor Forum: With Joe Silver (Part 4)
Sramana Mitra: Perhaps we should work together to some extent, this is very aligned to what I do. I can understand why you guys approached us to be featured. Is there anything else that you want to add to what you have shared so far?
Joe Silver: A couple of additional interesting things about our company, I would say we are international now. We launched recently in Canada and closed our first loan there. This is a big step in the right direction for us.
>>>1Mby1M Virtual Accelerator Investor Forum: With Joe Silver (Part 3)
Sramana Mitra: How does that split out of the 700 investments you’ve made? How many follow the route of going on to venture capital? How many continue to bootstrap? Is there any other nuance to it?
Joe Silver: Of the companies that have exited our portfolio, which is about 15%, it’s split down the middle. Roughly half of them have been acquired or raised for their equity and another half may have refinanced with us with other debt or paid off with organic cash flow.
>>>1Mby1M Virtual Accelerator Investor Forum: With Joe Silver (Part 2)
Sramana Mitra: You said that you lend up to $3 million, with the first loan being $400,000, what does the company need to have by way of proof points for you to start lending to that company?
Joe Silver: We size our loans of a multiple of monthly recurring revenue so generally three to four months. The first criteria is that they need to be generating revenue. We like to see at least six months of revenue or longer.
>>>1Mby1M Virtual Accelerator Investor Forum: With Joe Silver (Part 1)
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Joe Silver was recorded in July 2020.
Joe Silver discusses his firm’s debt-financing model for startups.
>>>1Mby1M Virtual Accelerator Investor Forum: With Raoul Maier of Eudemian Ventures (Part 5)
Sramana Mitra: What is the background of the founder that makes him so high quality?
Raoul Maier: He was a senior leader at Minerva Project before. He had a very strong leadership background and he also had a strong founder-product fit. He has been working in the child care space for a long time.
>>>1Mby1M Virtual Accelerator Investor Forum: With Raoul Maier of Eudemian Ventures (Part 4)
Sramana Mitra: The valuation numbers you are quoting are Series A and B numbers, right? It’s interesting that you are not experiencing these valuations in post-seed.
Raoul Maier: Are you referring to five or ten years ago when you say Series A and B numbers?
>>>1Mby1M Virtual Accelerator Investor Forum: With Pamela York of Atasi Ventures (Part 3)
Sramana Mitra: The best way to go about this segment is to talk about examples, so talk about two specific examples.
Pamela York: Sugarlogix is one company that we invested in. They are based in the Bay area. The company develops milk sugars which are found in human breast milk. They add that to a formula.
>>>1Mby1M Virtual Accelerator Investor Forum: With Raoul Maier of Eudemian Ventures (Part 3)
Sramana Mitra: Please go ahead with the next one.
Raoul Maier: The next one is called Underground Cellar. They are revolutionizing the way brands sell online which is a fascinating concept. They think that discounting should be a thing of the past and that it should be switched to upgrades instead. They think that there are so many items discounted these days.
>>>