In light of recent events, many startup owners are thinking about how to survive in times of crisis and how to raise money. We recommend listening to Denis Dovgopoliy, who during his career managed to be both on the side of startups and the side of investors. Also, he witnessed the global financial crisis of 2008-09 in Silicon Valley How it was in previous crises Of course, the current crisis is very different from the global financial crisis of 2008–2009, and from the Great Recession of 1999–2000, but it is worth paying attention to many significant trends. In particular, the fact that those investors and entrepreneurs who successfully survived the 1999–2000 recession, when the entire industry collapsed, worked much more efficiently. As soon as the crisis came in 2008, the sub-primes collapsed and the market experienced a shock, startups who raised money shortly before the crisis were in absolute gain. […]
Riyad Abou Jaoudeh (MEVP): Our fund is focused on the Middle East, North Africa, Pakistan and Turkey region.
Riyad Abou Jaoudeh is Managing Director at Middle East Venture Partners VC (MEVP). He has more than 6 years of strategy and management consulting experience in the telecom and media sector in the Middle East. Prior to joining MEVP, Riyad was a Senior Associate with Strategy& (formerly Booz & Company). Riyad also helped launched an e-commerce platform focusing on toys, was country manager for Qatar at Careem, and launched a mini-burgers restaurant in Beirut. How it’s all started? How you decided to enter the venture investment business? It was a funny story because I did not make that decision. This opportunity came to me through my network. I went to do an MBA at the Wharton Business School, University of Pennsylvania, and about a year and a half later I was at the alumni event for the School and met there Walid Mansour, who was – and is – a […]
Matthew C. Le Merle (Fifth Era & Keiretsu Capital): We are working very hard on supporting teams that are transitioning the world to a digital world
Matthew Le Merle and his wife Alison Davis are co-founders and Managing Partners of Fifth Era, which manages Blockchain Coinvestors. Matthew is also Managing Partner at Keiretsu Capital, the most active early-stage tech investors in America, Chairman at CAH and Securitize (Europe), Vice Chairman at SFOX, and an advisor at Warburg Pincus. Matthew has been an advisor on growth and innovation-related issues for giants like Microsoft, Google, PayPal, Cisco, eBay, and HP. He is an expert in a broad range of industries. How did it all start? How did you decide to enter the venture investment business? My wife and I grew up in England, and we started our careers as management consultants with McKinsey & Company. We came to California more than 30 years ago to attend business school at Stanford and then had careers as senior partners at other big consulting firms including Kearney and in my case […]
Sasha Mirchandani (Kae Capital): VC is pretty much like basketball: there are only 6 people playing, but there are always a bunch of people involved.
Sasha Mirchandani is Founder & Managing Director at Kae Capital. He is a Co-founder of Mumbai Angels, India’s first Angel Investment group. Prior to this Sasha was the Managing Director for the India operations of Blue Run Ventures. He is passionate about working with startups and also interested in the development of entrepreneurship in India. How it’s all started? How you decided to enter the venture investment business? I made my first investment during the dotcom era somewhere around 2001. The first company I invested in was a comparison-shopping site. I realised within a few months that the idea didn’t make any sense. However I liked the team a lot and told them that we should immediately shut operations and try to come up with a new idea that was more fundable. They came up with an interesting business plan for Analytics. Though Analytics was very early in 2001, I […]
Hernán Fernández Lamadrid (Angel Ventures): I think that this COVID crisis will be a very important test for many founders, and a capability to survive will guide them through the rest of their founding life
We had an opportunity to talk to both Hernán Fernández Lamadrid and Camilo Kejner from Angel Ventures about their fund and their preferences in investing. Hernán Fernández is a founder and a managing partner at Angel Ventures, the leading Angel Investment Network in Mexico. Hernán started out as a lawyer but got fascinated by entrepreneurship, which resulted in him becoming one of the most influential investors in Latin America. Camilo Kejner is a managing partner at Angel Ventures. Prior to raising AV’s first fund, he was a board member, a chief operating officer, and a consultant for several startups in the technology and retail sectors. Camilo has also held several management positions in the entertainment industry. How did it all start? How did each of you decide to enter the venture investment business? Hernan: We started back in 2008 as the first professionally managed angel investor network. So, between 2008 […]
Venktesh Shukla (Monta Vista Capital): In Silicon Valley we don’t say “failures,” we say “valuable learning opportunities.”
Venktesh Shukla is General Partner at Monta Vista Capital. He has been involved with numerous start ups as an executive, investor, board member, or adviser. As President of TiE Silicon Valley and Chair of TiE Global, he has had transformational impact on the organization in Silicon Valley as well as at TiE Global. As the founding President of Foundation for Excellence for the first 17 years of its 20 years existence, set the stage for its current success in providing scholarship to thousands of talented but poor students pursuing engineering and medical education in India. How it’s all started? How you decided to enter the venture investment business? I used to be an entrepreneur myself, and I had some successes and some failures. In Silicon Valley we don’t call them “failures,” we call them “valuable learning opportunities.” So my last startup was a valuable learning opportunity. One learning I took […]
Keith Teare (Accelerated Digital Ventures): A startup has to be a believable transformative idea, that is practical now.
Keith Teare is US Partner at Accelerated Digital Ventures. He is serial entrepreneur over the last three decades (RealNames, EasyNet and TechCrunch). Spent more than 20 years in Silicon Valley building companies and angel investing. Keith is experienced in helping European companies prepare for US expansion and approaching top tier US VC firms. He helps our portfolio companies think about their unit of value; their narrative; and their follow-on fundraising plans. How it’s all started? How you decided to enter the venture investment business? The truth is I got too old to do startups. The startup ecosystem is pretty ageist, and when you get to the age of 60 and you walk to a VC and say, “I’ve got this great idea,” the chances of you walking out with the check are very low. They assume that your company is going to take 10, maybe 15. years, and you’ll be […]
David Hornik (August Capital): Startup is a group of people, that hopefully gets bigger, so you need people who can inspire, pursuing something big and interesting that hopefully gets bigger
David Hornik is General Partner at August Capital. For the last 20 years, David has worked closely with technology companies to help them grow and prosper. David joined August Capital in 2000 to invest in a broad range of software companies. Since that time, he has invested in dozens of companies across the software spectrum, including a number of enterprise software and SaaS (Splunk, Fastly, GitLab), consumer services (Evite, Ebates, Drop), and financial technology companies (WePay, Bill.com, PayNearMe). How it’s all started? How you decided to enter the venture investment business? It’s a kind of luck and it wasn’t direct, wasn’t planned. I grew up as a kid who thought he was probably going to be a lawyer. I did end to be a lawyer for a period of time, but along the way I did a lot of things interesting to me. I didn’t think there were career things, […]
Ira Weiss (Hyde Park Venture Partners): “Entrepreneurs need to know their market really well and have a compelling value proposition”
Ira Weiss is a partner at Hyde Park Venture Partners and a professor at the University of Chicago Booth School of Business (he holds a Ph.D. in accounting), where he teaches MBA students. Ira has a rich experience as an angel and venture investor and is primarily interested in tech-enabled services in the Mid-continent. How did it all start? How did you decide to enter the venture investment business? I’m an academic professor by training. I had a Ph.D. in accounting and I’ve started teaching at Columbia Business School in New York in 1999. A lot of my students were going off to work at technology startups, and together with my colleague, I started investing in technology startups on the side of being a professor. I just really fell in love with early-stage companies, with entrepreneurs, with the excitement of working on the next great thing. I was thinking of […]
Patrick Polak (Newion Investments): I am a very optimistic person and I always look for the opportunity and growth, because growth is in my DNA
Patrick Polak is co-founder of Newion Investments in Amsterdam, the Netherlands. He is jointly responsible for managing the company. His tasks include defining the firm’s overall investment strategy, investing, managing portfolio companies, fundraising and investor relations. Patrick is closely involved in Newion’s investments and is holding various board positions to help portfolio companies accelerate their growth. How it’s all started? How you decided to enter the venture investment business? I’m in this business for 23 years already, since 97. Before that I ran a company active in high performance computing in the US and got in a contact with venture capital back in 1996, quite a few years ago. When I sold my company, I was 30. And I’ve got very much intrigued by VC world, all those venture things, the hint of a flavor of which I’ve got. I tried to get into the industry, and through an introduction […]