Sramana Mitra: This is Capita3?
Pamela York: Yes, it was formed in 2016. In our first venture fund, we raised just over $1 million in 2018 just to get into the marketplace and start investing. About the time COVID hit, we were due to go out and start raising fund two. We are looking at that right now and understanding when and how to do that.
>>>Sramana Mitra: What about fund size and check sizes? What are the sizes of funds and checks you are writing?
Raoul Maier: I can’t talk about the specific fund size because our account is still not closed and it’s changing all the time. In terms of check size, we are writing up to $250,000 as an initial check and up to $1 million in total including follow-on.
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Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Pamela York was recorded in June 2020.
Pamela York is Founder and CEO, Atasi Ventures, with a special focus on women entrepreneurs in healthcare.
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Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Raoul Maier was recorded in July 2020.
Raoul Maier is Founder and Managing Partner at Eudemian Ventures, a fund focused on post-seed investment in North America.
>>>Sramana Mitra: I have been covering online education from a journalistic point of view for a long time. You must have heard this expression, sage-on-stage to guide-on-side, where the teacher was asking people to go and look at YouTube videos or Khan Academy videos and then coming and doing exercise in class.
>>>Sramana Mitra: That’s the conversation I had with Andrew in the context of Course Hero. He was trying to figure out a strategy for leveraging that trend of the celebrity teacher or the superstar teacher as you called – leveraging expertise, creating, and giving people a platform to teach on the Course Hero platform by riding on that trend. I think that is a major trend as well.
Deborah Quazzo: Everyone’s a teacher.
>>>Sramana Mitra: What are some other success criteria and failure criteria in your pattern matching? You talked extensively about teacher adoption and viral spread and then monetization through parents as one of the pieces of success versus the failure criteria of trying to spell one by one to professors or teachers or school administrations. Are there any other such patterns in either direction that you have synthesized?
>>>Deborah Quazzo: Andrew removed friction. Going back to the dark ages when I was in college, note sharing among students has existed forever but what Andrew did was move it online and allow students to grade each other in terms of the quality of their delivery.
He developed a tutoring module so that strong academic students could then tutor other students as peers. It’s now a subscription-based product that offers all kinds of supplemental study support for students.
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