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SaaS Interviews with CEOs, Startups, Founders

Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 22 September 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

3 questions every smart founder asks this VC. How much follow on capital for a $1.5m initial check? How many deals does he look at each year? How long will his current $76m last?

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top

0:09.9

SaaS founders, like Eric Wan from Zoom. If you'd like to subscribe, go to getlatka.com. We've published

0:18.4

thousands of these interviews, and if you want to sort through them quickly by

0:21.8

revenue or churn, cack, valuation, or other metrics, the easiest way to do that is to go to

0:27.4

gitlatka.com and use our filtering tool.

0:30.1

It's like a big Excel sheet for all of these podcast interviews.

0:33.2

Check it out right now at gitlatka.com.

0:38.4

Guys, emergent ventures, AI Focus, most recent funds, $76 million fund closed in January of 2021.

0:44.2

They've made about 14, 15 investments out of that already.

0:46.7

Target a $1.5 million check size and a 10% equity stake and usually hold $3 to $5 million in that fund for their winners, right, that are really taking off in terms of the reserve.

0:55.4

They got two partners today looking to scale, really focused on, again, those AI machine

0:59.2

learning startups as they look to deploy money in a smart, capital efficient way.

1:04.5

Hey, folks, my guest today is Anupom Rostaggy.

1:06.9

He's a seasoned venture investor and his letter played a substantial role in over 20

1:10.2

successful technology investments globally, ranging from early to expansion stage and several larger exits.

1:15.1

This is a little unique for the show.

1:16.8

We rarely have investors on, but Anupam reached out and I said, you know what, let's get him

1:19.9

on.

1:20.9

He's early stage.

1:21.9

He's backed some similar founders that we've backed at Founder Path.

1:23.8

So Anupam, we're excited to have you today.

1:25.3

How are you? Thank you for having me. Doing great. You bet.

...

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