Roundtable Recap: August 26 – A Deep Dive into Blockchain Infrastructure

During this week’s roundtable, we had as our guest Hamiz Awan, Founder and Partner at Plutus21 Capital, discussed BlockChain infrastructure and platforms.

xAQUA ODT

As for entrepreneur pitches, first up was Sanjib Nayak from Sacramento, CA, pitch xAQUA ODT, a data management venture that needs precise positioning.

Silk or Lace

Next, Suran Yoo from Dallas, Texas, pitched Silk or Lace, a hair piece marketplace that is already in revenue.

You can listen to the recording of this roundtable here:

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1Mby1M Virtual Accelerator Investor Forum: With Ben Narasin, Founder and General Partner at Tenacity Venture Capital (Part 5)

Ben Narasin: You build your business up to $5 million in revenue. It seems like a healthy lifestyle business to me. If you have a 40% gross margin, that means $2 million is flowing to you. If you can keep your operational expenses low, that can be a great living. Later, there are people who will buy you because they want to roll you up. They’re paying nice multiples. It’s rare for businesses that small to be paid revenue multiples, but it’s happening. There’s not just one buyer; there are multiple buyers that drives the price up. I didn’t have a billion-dollar outcome. I was the type of entrepreneur I would want to fund, but I didn’t have the scale that I wanted to fund. It’s funny.

541st 1Mby1M Entrepreneurship Podcast with Bradley Harrison, Scout Ventures

Bradley Harrison, Founder, Managing Partner at Scout Ventures, discusses how military professionals are engaging in entrepreneurship and an eco-system supporting them. Quite fascinating!

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542nd 1Mby1M Entrepreneurship Podcast with Warren Weiss, WestWave Capital

Warren Weiss is Managing Partner at WestWave Capital. We had a terrific discussion on small exits as seen by a seasoned investor.

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1Mby1M Virtual Accelerator Investor Forum: With Ben Narasin, Founder and General Partner at Tenacity Venture Capital (Part 4)

Sramana Mitra: The most important thing is that big market opportunity. Hypergrowth is not a natural state of business. If every entrepreneur thinks that we have to achieve hypergrowth, that is not viable. Most businesses don’t have the characteristics of being able to meet that hypergrowth criteria.

Ben Narasin: Absolutely agree. Venture wasn’t built to fund really good businesses. It’s built to fund phenomenal outlier businesses. 

1Mby1M Virtual Accelerator Investor Forum: With Ben Narasin, Founder and General Partner at Tenacity Venture Capital (Part 3)

Sramana Mitra: What is your investment thesis? Tell me a bit more about what you like to invest in? What problems in the world do you have your eye on? What segment do you specifically like? Is e-commerce still an interest?

Ben Narasin: I make a very proactive effort to meet every VC in the top firms. An investor has just joined one of the best firms in the world and I took him out to lunch. He told me a story of what he had done. He has created a mobile advertising platform that sold for a little shy of a billion dollars. I said, “I have two really great mobile ad companies you should meet.” He said, “You got to have a lot of naivete to invest in mobile advertising.”

541st Roundtable Recording with Bradley Harrison, Scout Ventures

In case you missed it, you can listen to the recording here:

542nd Roundtable Recording with Warren Weiss, WestWave Capital

In case you missed it, you can listen to the recording of this roundtable here: