Investing in enterprise technology and scaling up: a Bay Area VC perspective
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Shruti Van Dyke Gandhi is Partner at Array Ventures in San Francisco and adjunct Professor Computer Sciences at Columbia University in New York.
In this episode, you will learn:
Back story: About Shruti's transition from an engineer to an investor
Array's focus area: Enterprise software. Big issues, problems and pain points – for which you raise money early on, even pre-revenue but you need to have relevant prior experience
Array's investment philosophy: Investing in founders that sell to global customers. Portfolio companies are US incorporated, but in the times of remote working, they may be all over the globe.
Deal sourcing: the network is vital if you are looking to back early-stage founders. Ideas from accelerators or advisers could be too late! Chemistry with the founders is more important than paperwork
Success stories/exits: Simility (AI/ML fraud prevention) acquired by PayPal or Passage AI (Conversational AI) acquired by ServiceNow
Learning: Keep on learning to avoid becoming antiquated
Is New York better for you if you are a FinTech? Listen inside:)