Julie Lein: What we want to see is execution. You may not have a full-fledged product yet. You may not have everything figured out, but you’re doing things to attract attention. You’re doing things to move the customer feedback forward. That’s what we get impressed about at pre-seed. The definition has changed.
It’s typically that first round of funding, typically, less than two million. In our order of criteria, one is the team and the ability to execute. Two is, we do look at the market. We want markets where you can have a pathway to having a billion-dollar type of exit and beyond.
>>>Julie Lein, Managing Partner at Urban Innovation Fund, discusses pre-seed and seed funding in companies focused on the betterment of cities.
Sramana Mitra: Let’s get you and Urban Innovation Fund introduced to our audience.
Julie Lein: I’m the Co-Founder and Managing Partner of the Urban Innovation Fund. We are a venture capital firm that invests in startups shaping the future of cities. We invest across a variety of verticals. These are what you might consider more traditional smart city sectors like transportation, energy, PropTech.
>>>Steve Eskenazi is an Angel Investor, and we had a number of interesting trend conversations.
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During this week’s roundtable, we had as our guest Angel investor Steve Eskenazi. We had a number of interesting trend conversations.
iBay
As for entrepreneur pitches, up first we had Pradheep from Singapore pitching iBay. The company has significant traction.
Capriquota
Next we had Olabode Qudus from Ogun, Nigeria, pitch Capriquota, a concept stage venture with a little bit of validation.
BEI.RE
Then we had Ranga Krishnan from San Jose, California, pitch BEI.RE, a prop tech venture that also has some degree of validation.
You can listen to the recording of this roundtable here:
Andrus Oks is Founding Partner at Tera Ventures, based in Estonia. We have a great discussion on entrepreneurship in the Baltic and Scandinavian countries in particular.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | Google Play | Stitcher | TuneIn | RSS
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 Andrus Oks, Founding Partner at Tera Ventures, based in Estonia. We had a great discussion on the Baltic and Scandinavian countries in particular.
Peep
As for entrepreneur pitches, today we had Elif Aydin from New York, pitching PeeP, an app for identifying street parking. Also an excellent discussion.
You can listen to the recording of this roundtable here: