Tae Hea Nahm, Managing Director and Co-Founder of Storm Ventures, emphasizes and articulates his firm’s specific interest in investing in vertical cloud startups.
Sramana Mitra: Let’s start by introducing our audience to yourself a little bit and then we’ll come to Storm Ventures. What path did you follow to founding Storm Ventures?
Tea Hea Nahm: I was born in Korea. We immigrated when I was five years old. I started my career in Silicon Valley as a corporate lawyer working with 200 startups. In 2000, I left law and co-founded Storm Ventures and have been a partner at Storm for the last 22 years.
>>>Sramana Mitra: How long do you think it will take for India to catch up?
Mohanjit Jolly: The next year will be a challenging one. When the next bull run starts, India is going to be playing a pretty big role in the outcomes. I’m less interested in the term unicorn; I’m more interested in the underlying value that these companies are providing.
>>>Sramana Mitra: One of my observations on Now Float is that selling to SMBs in India is hard.
Mohanjit Jolly: That’s right. The dichotomy in India is – Indians love to be pampered as customers.
Sramana Mitra: High-touch, low-value sales.
Mohanjit Jolly: Exactly. They want the high touch but the unit economics don’t work. That was a conundrum. The interesting thing is that we had a strategic term sheet on the table. It was one of the financial institutions in India.
>>>Sramana Mitra: Why did you make the decision of focusing on India-for-the-world?
Mohanjit Jolly: One of the reasons is I’m sitting in Palo Alto. I don’t have my finger on the pulse of what’s going on in India. Having said that, I have colleagues who are in India and the Middle East. They do have their fingers on the pulse. Here are the three reasons why we went down this path for fund two.
>>>Mohanjit Jolly, Partner at Iron Pillar, and a long-time player in the Indian startup ecosystem discusses Exit options for Indian startups and other topics.
Sramana Mitra: I know you’ve been in the industry for a very long time and have been following the evolution of the Indian venture capital ecosystem for a long time. Let’s start diving into a bit of your background. Then let’s introduce Iron Pillar.
>>>Yanev Suissa, Managing Partner and Founder at SineWave Ventures, discusses his firm’s successes as well as investment thesis. Vertical Cloud is one of the key ones with an emphasis on Enterprise Data Platforms.
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In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had as our guest Yanev Suissa, Managing Partner and Founder at SineWave Ventures. Yanev discussed his firm’s successes as well as investment thesis. Vertical Cloud is one of the key ones with an emphasis on Enterprise Data Platforms.
You can listen to the recording of this roundtable here: