Sramana Mitra: We’ve looked at a bit of what you’ve done and how you operate. We’ve got a flavor. In one of your examples, you said you’ve invested in a problem that you were already familiar with. You found a great technology out of CalTech that addresses that problem.
One could posit that you were already looking for a company that addresses that problem. Are there other such problems that you have identified that you would like to find an entrepreneur solving it. Please pick the ones that are in the IT and IT-enabled services domain.
>>>Sramana Mitra: Let’s do another one.
Joshua Posamentier: We have a company called Energetic Insurance which is a pure-play InsurTech company. They make an insurance product backed by a top 5 global reinsurance company to do credit enhancement for customers that want to get solar and other energy products and have no credit of their own. So small businesses frequently just don’t have any credit.
>>>Vincent Diallo is Managing Partner at Interlace Ventures, a fund focused on retail tech.
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Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Joshua Posamentier was recorded in April 2020.
Joshua Posamentier is Co-Founder and Managing Partner at Congruent Ventures, a firm focused on sustainability-oriented technology ventures.
>>>In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Vincent Diallo, Managing Partner at Interlace Ventures, a fund focused on Retail Tech.
Yotta Secure
As for entrepreneur pitches, first up was Sunil Ravipati from Santa Clara, California, pitch Yotta Secure, a Healthcare IT venture.
Hodi Hodi
Next Demba Sow from Alsace, France, pitched Hodi Hodi, a language learning venture focused on African languages.
You can listen to the recording of this roundtable here:
Sramana Mitra: I’ve been in this industry for a long time, and I’ve seen a few cycles. When we see discontinuities, every VC firm goes through a process of considering that discontinuity and developing a thesis around what kinds of companies should be doing well in this environment.
We just discussed one of your companies that is a perfect example. Do you have a broader thesis on the kinds of companies you’re looking for? Our community is full of entrepreneurs.
>>>Sramana Mitra: What was Ocrolus doing that was brilliant?
Nick Adams: I can’t share all of that, but they’ve done a couple of things around how they structure their team both on a technology front-end of things and in their back-end operations in India.
They can take a bank statement from somebody looking to get a loan and turn that around in a matter of minutes with 99% accuracy at a very low cost. It’s a very tight integration between the technologies that they’re using.
>>>