1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 4)

Sramana Mitra: What is the metric that you look for?

Kelly Perdew: We publish that we like to see companies that have $50,000 to $100,000 of monthly recurring revenue which translates into $600,000 to $1.2 million in ARR. The companies that we’ve invested in have been at $1 million and growing. That’s the rule. There are exceptions to every rule. We want to see that. What gets interesting though is we have to do a whole lot with the financials because your definition of recurring revenue and my definition of recurring revenue might differ.

We just want to be on the same page with the definition of what that is. When you’re talking about clients that are small and medium-sized businesses, they may only spend money every quarter. It also depends on what vertical they’re in. Being able to separate that and understand churn >>>

408th 1Mby1M Entrepreneurship Podcast With Kara Weber, Brilliant Ventures

Kara Weber, Founder General Partner at Brilliant Ventures, speaks extensively about her commitment to female founders.

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1Mby1M Virtual Accelerator Investor Forum: With Brock Pierce of Blockchain Capital (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 Brock Pierce was recorded in September 2018.

Brock Pierce, Co-Founder of Blockchain Capital, discusses his worldview of the Blockchain investment opportunity. Brock is one of the pioneers of investing in Blockchain companies.

Sramana Mitra: Why don’t you tell us a little bit about your various activities. I know you’re an expert in Bitcoin, crypto, and Blockchain. You invest outside of those segments as well. Give us an overview of what you are up to. >>>

412th 1Mby1M Entrepreneurship Podcast With Bill Baumel, Ohio Innovation Fund

Bill Baumel, Managing Director at Ohio Innovation Fund, shares terrific insight into the region’s progress.

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1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 2)

Sramana Mitra: What is the definition, in your case, of late seed and early Series A? What metrics are you looking for?

Kelly Perdew: Typically, there’s an MVP. They’ve found a problem where they’ve either built a solution for and have started selling that to more than one client. They’ve raised some money. Usually, it’s in the $200,000 to $500,000 range that helped them to get to that point. Frequently, that’s friends and family, credit cards, and maybe one or two angels.

Interestingly enough, a lot of our deal flow comes from the ecosystem itself. Techstars, YCombinator, and 500 Startups are already curating lots and lots of entries to select the company that they think could be the most viable. Criteria in terms of where we want to invest is they have some revenue >>>

1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (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 Kelly Perdew was recorded in June 2018.

Kelly Perdew is Co-founder and Managing General Partner at Moonshots Capital, a firm that has a unique investment thesis of supporting military veterans. Very interesting insights.

Sramana Mitra: Let’s start by having you share a little bit about your background as well as the background of your fund. What is the investing focus? How big is the fund? What kind of investments are you making? >>>

1Mby1M Virtual Accelerator Investor Forum: With Biplab Adhya and Venu Pemmaraju of Wipro Ventures (Part 4)

Sramana Mitra: I want to ask you one question about the cyber security practice of Wipro and how all these investments play into the dynamics of that. One thing we are hearing from CISOs is that they are bombarded with vendors trying to sell them solutions.

Cyber security is one of the most active spaces for both startups as well as venture activity. There are a lot of vendors who are trying to get mind share with CISOs and CIOs. What is your guidance to this community of entrepreneurs who are trying to sell into these buyers? For small vendors to get mindshare, it’s very difficult. How do you navigate this dynamics? >>>

1Mby1M Virtual Accelerator Investor Forum: With Kerry Rupp of True Wealth Ventures (Part 2)

Sramana Mitra: Is the woman decision maker in the purchasing decision critical?

Kerry Rupp: It is critical. Not all decisions are always going to be made by women, but they are in markets that are dominantly women.

Sramana Mitra: We’re on the same page so far. Talk about geography. Where do you like to invest?

Kerry Rupp: Definitely US-based entities just because we are a small fund. We are based in Austin, Texas, and there’s a lot of opportunities here in Texas. There actually aren’t any other funds with a specific gender lens in Texas. We spend most of our time in going to events and co-working within the State. We’re pretty mobile in going to Dallas, Houston, and San Antonio. We will take deal flow from anywhere. >>>