17 Burst results for "Bain Capital Ventures"
"bain capital ventures" Discussed on The Men's Room
"But so most people always assume I feel like it's always assumed that it's the woman that hasn't issued usually women that these fertility clinics and get these hormonal treatments. Is it standard to test also the mad? So, it's shocking to me because it is so much cheaper and easier to test the man that you hear about a lot of cases, even before starting IBF where the man is not tested, and this is because even Obgyn's even people in the field who are dealing with fertility still don't know much about or don't think about meal. Fertility which is the number will be UN's that I've met who don't know anything about the statistics meal for is actually quite shocking. And when you compare just how easy it is to testify sample, or should say the specimen it's it's actually kind of shocking that it hasn't become completely routine. When when you start to even think about CASSIA. Yeah, that is shocking. It's strange so so you have these kits that you ship overnight. Do ship them all over the world, or is it just in the US? Right now right now? We're in the US but we're expanding internationally pretty quickly as you can. Imagine, Vid has negatively impacted. Those plans but it's very much on the radar so for US Geneva base into Europe. Dubai will be. Our base into the Middle East. And we have a couple of other countries in mind as well. Yeah, so you founded legacy in two thousand eighteen right? And it was something that you kind of hatched at Harvard Innovation Labs. So, it was a very scholarly and well researched startup but it since then grown, and you've raised quite a bit of capital to grow and scale the company I. You guys got one point five million dollars. A seed round led by Bain capital ventures that was back Last year last June. And then just this January raised another three point five million dollars so obviously. There's some interest in this industry. Just when we thought you know like a sperm bank was the sperm bank. How big is this industry and have you seen a growth since you started? Massively, so I'll address a few of the points that you made so first of all the initial funding from Bain capital ventures was just from kind of some of the early fundraising than we had done. And there was there was a lot of excitement about the product enough. I'll talk about more why acting in just a second. But then we went through the white combinator program in Silicon Valley last summer fairly well known accelerator for kind of high potential startups. And so official, but going to this program is that connects you to every major investor? Basically anywhere in the world I mean you. You have investors literally flying in to watch these one hundred or so companies present at the end of the program. So that actually helped us a lot when it came to fundraising, it really opened up doors for us on the west coast of the US where you tend to see kind of investment dollars, higher valuations, and so on so..
"bain capital ventures" Discussed on Venture Stories
"In your distribution center and at your customer than sap does because we have the actual real time view. And so I think when you think about cloud and machine learning and all these technologies what better application than supply chain. Because here's the other thing about supply chain were cloud is really powerful Coke is one of our customers. Coca-cola forecasts and Walmart Canada's one of our customers and one of our customers now. Interestingly Enough Coca Cola uses forecast technology to see which trucks are headed Walmart are the timer now now. Walmart says workhouse We're using four to think about our trucks going our distribution centers. But we'd love to know. The code truck is showing up at our distribution center. It's running late or not because we have people in our DC waiting for that truck to unload it and pack it up so if he knows running two hours late that'd be released before us now. Alcoa is supplier to coke and coke says hey I love to know when the trucks coming to mind distribution centers you think about this power of cloud and now you know company with four kids in a position to really offer cross enterprise service that would never happen in the world of on Prem. You'd have to physically integrate Alcoa's on prem system coca-cola's on premises walnuts. Never going to happen but in a world of clouds now finally possible and so I think you know the combination of the fact that companies are realizing supply. Chain is the key to long-term success in Del Ninety Amazon Maurice have been bellwethers for that combined with clouds machine learning now making this finally possible. I think we see that. As super excited we have a whole array of of companies in supply. Chain Company. Called Shit Bob. That you know is is the leading provider of Fulfillment services for direct consumer brands. We've company called invention which you think of venture as you industrial. Ikya or Lego said that allows you to create these massive automation cells. And that's by the way another example but bottoms up company where I could be an engineer. Inside of a Tesla factory and I'm constantly iterating our factory line and I realized what this particular line could be automated if I had you know an inspection robot sitting on some kind of automation sell that goes in your three dimensions where I can inspectors particular part. They can that. Engineer can go online go to venture dot. Co Design the system. In a matter of you know minutes in Click on a button. Have a package arrived the next day with directions. Like you'd get it Ikea on how to assemble this thirty thousand dollar piece of equipment. That normally would take six months to to go make happen in. So we're super excited about our our portfolio in supply chain and industrial automation in your invention ship. Bob Forecasts but we think there's a lot more than you you know and so it's an area where continue spent quite a bit of time and energy to frame it maybe as Into risks. Think about the opportunity is operatives. Said is clearly that there's this behemoth you know Amazon's highest company that raise the table stakes for supply chain capabilities. And so how can founders help various people throughout the supply chain all the way down to the ends of raw material suppliers will up to the retailers? How can we help them raise their game? I think to risk that. We often see in space out. That are interesting to think about you. Know One techno some people pursue technical services and will will we are sure about. We love to learn more about founders. Is the signal service truly provide technology leverage or dot become a Better Services Company and the other big challenge splashing as you do have a lot of very entrenched incumbents and it sector the Konami where you'd Tend to go head. On against the incumbent trash managed system where else management system at Cetera? These are these are big. Opportunities bigs offer markets and there's a lot of budget be unlocked. The reality often come with really long cell cycles. When a lot of uncertainty and so what are ways that people are finding to have a higher velocity business where you're not relying on huge deals to the company Let's close with with a with a couple of questions. One is what are a couple of areas by which are not obvious areas that you're looking terms of requests for startups? They're less obvious patterns that you find interesting and if we're having this conversation five years from now ten years from now. How do you expect things to be different? Or what's one prediction? You have in terms of how the fundamental structure of how business offers evolving might be different than it is today the top knees. We're excited to me. You know air you and us all know that the values these days is Gaga for in code no codes product lead bottom up software machine learning infrastructure. Look we we are excited about those topics while we wanna meet this to the more stuff. We're seeing fewer. People as focused on one is head of the implications of a growing economy of software that sells to the airbase salts in this world but also talked about the supply chain infrastructure for building. These products tools for marketing shipping these products if community because important community management software. Second theme that we're seeing is in the net. Our partner Matt Talks about is is the is embedded fintech. So you know more more tools own the customer relationship I saw in our world of Lending Fund era where you have companies like square with jar in some ways business. Software Company Selling Appeal Software. But now they have access to the customer relationship proprietary customer data and they are well positioned to make loans square capital has done several billion dollars of lending in a very short period of time And so we're interested in other ways to either enable embedded as a developer tool. And we're also interested in novel ways in which I'm services enables the unlocking of a particular market opportunity You could put you argue. That companies like open door fair. There's L- offering a service but that is creating supply and demand for marketplace for example Lastly United on this conversation which is SMS is hot. You know where it's interesting to see. Engagement differences with occasions for other business offer categories could leverage opportunity and whether locations for consumer products to help all of us managed volumes. That's coming in the future. Speaking of the future Tacoma's yeah. Well I mean Kevin Komo. You stole my thunder but I do think that this idea that you know. One of the implications of software easier to build and this proliferation companies and startups is that core. Application software may was being commoditised And you know as you think about just the fact with aws and others the tools to build it are dramatically lower and then just the sheer number of people who are founders. Today that are building things. Means your what used to be kind of a unique idea in new application space now is feeling much more commodity like store the implications than I think embedded. Fintech is one example. I think this idea that the way you make money as a software company over time you'll was in the nineties upfront license. Plus twenty percent maintenance in the last twenty years is monthly quarterly yearly fees. I think in the future may be. Actually you're not. You're charging anything for the software. We're GONNA MAKE MONEY ON DATA. We're GONNA make money on Fintech real make money on marketplace and so we are seeing emerging companies certainly many in the Fintech world. But many that don't have any kind of fintech element where their monetization strategy is through? Some derivative effect of lots of people using their software. And so I think you're GONNA see a lot of interesting creative models in. I don't know if it'll end up being a standard approach like SAS but I think we're going to have to develop some new lingo. I think for the next ten years on a set of software companies that aren't on Prem licensing maintenance. They aren't pure cloud SAS but there's some hybrid way to deliver hybrid way that the customer gets value hybrid way that you know the software vendor gets paid and. I think that you're starting to see the early companies innovate on that front. And I think in some ways is incredibly disruptive is a mentioned before in the salesforce example. They said you know that twenty percent maintenance. You're paying Siebel that contract you you bought ten years ago. Yeah we'll just charge you for that twenty percent now you can say you know that two million dollars a year. You're paying for that piece of applications actually charge you nothing for it. You know you don't have to pay US anything for that and get value out of it and by the way yes we need to make money but here all these other ways that we're GonNa make money and so I think you're GonNa see that as Yohan Interesting New Wave and and Matt as Kevin said you talks a lot about it with payments and and so forth. But I think they're a whole array of ways. You can start monetize in this this technology so I'm super excited about it like I said I you know my my first offer company who was in the late eighties. Yeo Trilogy in the Nineties Sasser. The last twenty years. I don't think we're done yet. There's definitely going to be a new model. My Guess Today Been Ajay Agarwal and Kevin Saying Bain Capital Ventures Ajay Kevin. They do so much for coming on the PODCAST. Thanks Eric. That's great. Thanks if you're an early stage entrepreneurship we'd love to hear from you. Please hit US up village global dot BC slash at work catalyst..
"bain capital ventures" Discussed on Bank-Fintech Fusion
"Read anything about that. Google quantum computing thing. That stuff is crazy but yes what crazy craziness. Sex lladros billions of times power versus traditional computer insane. Yes I find these horizontal technologies exciting. Because I'm a Geek But I tend not to think about them in the abstract which and their potential implications. So you know lock chain of course and I m L. ON PUTING and wearables and there there for many people in my field who who think about advances like that kind of quest about for problems that they could solve ask backwards Much more live in the problem. Space talking to customers and executives and entrepreneurs and you know what would have made points and then and then rummage arrived toolkit for what might solve the problem and and that's served me pretty. Well that said I mean if I had to pick one I do think that the hey this term Ai. But I do think like advanced analytic techniques are creating this ability to really anticipate customer are situations in customer need. So I'll give you an example like I think the fact is that banks to this day. Don't make a lot of money off their customers. Laziness right in terms of deposit pricing. There's a lot of lazy money sitting in DB and extremely low yielding savings accounts and that is responsible for a lot of net that interest margin at banks and it's actually a solvable problem. There's a company called flourish that I work with just personally. Who You you know there? It's a separate high-yield savings account and they have connectivity to my bag and threw their analytics. They sweep money out out every day as multiple times a day and sweet money back in and I'm just feeling extremely optimized in a good way of its yield them capturing and so yeah definitely kind of an early adopter on these things but you know that would even really tricky with Canada free gross and rough analytic techniques that existed five six seven years ago but that ability for that to be just never wrong always right ever more precise is it's happening really quickly. And I think it you Grayson consumers will be good for businesses like flourish and it will net be pretty bad for bags. Yeah I love the flourish. Solution Dynamically Mickley moving money around without you having to CEO. LemMe you know switch you know. Move this block of money over here and having it done or you is as genius. Yeah I agree Matt. Thank you so much really appreciate the time today. Great to be all of you and best of luck with everything. Thanks very much.
"bain capital ventures" Discussed on Bank-Fintech Fusion
"Can I threw my use of data understanding of their business or they themselves as a consumer M China position to make loans on an integrated embedded fashion such that. They don't have to go out and get a loan. I'm right here here. Offering one like square does it's capital M. I. well-positioned to make them inoperable auto insurance or of a business owner's policy insurance for her worker's comp based on what I know about their employee base and so you know to me I think this idea of fintech tech companies is GonNa go away. I mean just like twenty years ago. We used to talk about Internet companies and now we don't talk about that anymore because every company worth its salt uses the Internet as an ingredient ten years ago we talked about mobile companies. But we don't talk about that anymore because again if you have a company. That's not leveraging mobile. They're not in business so I it may take five or ten years but he sure Shintech will be more like ingredients in a bunch of different technology businesses than it will be business model unto itself. It's it's interesting so it's really about you. Have this group of customers. You know them so well you know what they need. And now the technology exists that you can provide that cost effectively yes. Much of transit services is about distribution rights. Try as I look at my window C.. Three branches still You know it's been about brand and has been about finding customer whether it's innovations like Mbna with their phillies mark. May Ah Capitol One with direct mail. I financial services most of it is really about sales marketing and so the embedded betted models totally slip that on its head starting with the customer has a as we say Zero Zero Customer Acquisition Cops Offs. It's chopper five. Payments is a great example. Shabas is a shopping cart company but they realized that they were incredibly. Well positioned position to offer merchant alongside the shopping card in an e commerce contexts for zero additional position also a big part of illogic a and bedded Aymen's betted lending bedded insurance is zero customer acquisition confidence. Also this data that not not only can you offer alone and not have to pay the direct mail or other marketing costs but you can actually offer some version of a pre approved low because if you're in the flow of that person's life or that businesses finances you know a lot about them and then the extension to stay in that person's life through software the business's finances. You can actually monitor that Rome much better than any sort of over the top lender ever could and then finally you can create really novel functionality. You can tie your loan to What you know about their receivables you can have a revolving floating loan instead of a term loan because again you've got this ability to understand their life in all these analogies apply in every line offensive services? You can offer as you go auto insurance if you're embedded in the car in a way that yes you could theoretically self somebody. That didn't have them do something complicated to track their auto mileage. But why would you ever do that. You could offer directly through the vehicle etc so right for those three reasons. Zero customer acquisition costs the data a rich relationship and the ability to develop novel functionality. At saying those either banks or Fintech companies that are metaphorically caloric in the business of calling their customers saying eighty-one alone..
"bain capital ventures" Discussed on Bank-Fintech Fusion
"Reuss defy will help you modernize your point of sale at in the mortgage space or I'll turn you can strike deal maybe with a better mortgage or rocket mortgage who's actually kind of a competitor of yours but might let that you use their software. So they can have a BB SAS revenue item. I think you're much better off going with bland or rich defy and sang like. Let's let's let's work with a company that's set up has DNA around serving delighting banks customers instead of the one that was born to be a lender and has kind of helping us on the side. So I don't think it's a question of banks doing it all themselves but I think it gets this point that Ron mistaking that in some lines of business lending being one the natural relationship between the bank and the FINTECH company. He is vendor. Not Harder ripe. We're seeing a couple companies You alluded to this this briefly before like Robin Hood Adage Expand way outside their original value propositions to include deposit accounts or whatever. Does this mean the end state of every Fintech company is ultimately being a bank in providing all these these banking services. Once be honest at scale that isn't interim phase to me. I think the would that is that is evidence of is.
"bain capital ventures" Discussed on Bank-Fintech Fusion
"They're used to two software companies. So I think that partnership eubanks and now almost all the banks work with Phoenix to make that process easier. That seems like a durable relationship. There no bank it is gonNA have the scale to invest in this tier of. Hey fach enablement software and it's it's not a good use of their time to do so it's finished in really power the whole industry or similarly the different use case is to be payments. We're seeing that uh-huh really what's going to solve the problem of paper checks in B.. Two B. Payments is software on the accounts payable sign and the accounts receivable receivable side and so banks are never gonNA get cut out of that picture. They need to partner deeply with accounts payable software companies and accounts achievable software companies in order for their issuing side and their merchant query side to be present where the transaction. It's banks just walked me into a treasurer and saying hey we'd like to issue virtual cards to make your payables happen. That's not working in an embedded software world and so there are good and healthy partnerships between ABC Software Company and the Commercial Card issuing divisions of banks. Thanks and without those partnerships. There's no clear winning go to market strategy for banks in commercial payments in the long term I think in those scenarios where there's highly distinctive software enabling pace acts one example powering accounts payable. What's another example? Highly distinctive software often deeply verticalised. There's no chance the banks are going to build themselves and managing a suite suite of vendors. Do it also unreasonable. So I think those partnerships and work where it hasn't really worked is excellent on the lending side. Be Honest and you know we. We've seen jacked. I'll never forget. I won't name the vendor here but I was meeting with an executive at a a large bank who has a thought about their Lending they had partnered with a fintech lender under to in effect take the capability of the fintech lender developed and use it as their in house loan origination system right and it was it was about about eighteen months into this and the guy came in my office to complain. He said look next time I choose a vendor helped me with a core function. I'm GONNA choose somebody who thinks of themselves as a vendor and I think there was riddled wisdom and I think Companies that build in house systems solve problems do it and inevitably highly bespoke in particular ways days as compared to companies that build software from day. One that's designed still light backs as customers I. It gets very hard transition to make in particular as to lend where bands them payments is often strategic strategic it's increasingly strategic but let's look at the history of banks involvement in payments the majority of banks that are involved in payments are doing so. It's were drunk with I. Eight natick knowledge for decades that they don't know how to do it and that it's a scaled business if you leave other than us bank can chase base of the rest of the banks of Said we're GonNa do this through partnerships because it's not our expertise. No Bank says that about lead. There is not a single. They'll bank in the country that doesn't think they are good at lending. It's an deeply core function to the idea that they would you know to Ron's point on an ongoing basis. More or less outsource that to a partner is way less comfortable then keeping it in house and just buying technology from vendors to supplement their in house capable right and yet there are lenders unders or or lending software providers whose businesses built on that. It's on working with banks in some capacity. But I guess there's a lot of banks to your debt will never build it in house. Some banks.
"bain capital ventures" Discussed on Bank-Fintech Fusion
"This area to build products software products versus others. But we stipulate that the general cases that banks are not a best in class at building software then the most fruitful partnerships are with companies. That do you built grade software and so the question is what types of relationship software companies lend themselves more to to. I want to hire a vendor to help solve a problem for a versus. Don't want to partner with somebody. With whom on an ongoing basis acis we're going to collaborate in general I think When it comes to Either a sort of go OTA market partnership or a deeply embedded relationship. I do think we've noticed. Respect to Ron and now Alam afraid to to make this points I find compelling at his tongue quite savage But I will say we. We have examples of companies where it is a fruitful relationship. I'll talk about somewhere. It isn't a lecture so think about You does it is a trend right now. Aware in the merchant payments world a lot of activity is moving to software companies. So if if you're a yoga studio and you use mind body software to run your Yoga Studio you almost certainly now also use mind body to.
"bain capital ventures" Discussed on Bank-Fintech Fusion
"Hello and welcome to bank fintech fusion. This is Phillip Ryan Director of communications with C. C. G. Catalysts and and I'm joined today by Matt Harris who as I'm sure you know is partner at Bain capital ventures. Welcome that happened to be here. Thanks for being here here. So you were one of the pioneers or trailblazers in the space. What what drew you to get involved in investing in financial services? was there a particular problem that appealed to you well by my formative. Experience was in the nineties I worked at bank capital in the nineteen nineties. He's and we bought a company in Nineteen Ninety six then called. TRW credit for any veterans out there and and one of the things we did. It was changed the name of that company to experience which is as it's now called and It was a great return or us but even more for me I spent a year. My life in Orange County Working with those executives was understanding the power of data and technology in their hurricanes in the in the lending and insurance businesses And so that was a great result and that got my attention but also really compelling elling themes intellectually and I was frankly drawn to the complexity of it as well you know. I think there's a lot of things in the venture business where the man on the street or or the woman on the street can readily understand. You know what L. Tone is or or what facebook is and and so to me that seems harder to derive real competitive advantage as an investor in things that are easy to understand so I was also drawn just the fact that these things are art hard to understand the hard to explain hard to predict and to me that meant edify spent as I have now two decades of my life thinking about it at perhaps I agenda Upson Competitive Advantage. What does it look like now seeing all the money pouring into Fintech? And all these all these johnny-come-latelies coming coming into the space where you are where you were so early will have. I was relatively disorienting. I would say I go back ten years when really fintech started to be a category of interest in those early payments companies like square and braintree and of course pay pal had been around for awhile. Stripe getting founded that that's me was said disorienting. It was unusual title and You know a good thing on the face of it that that so many people were starting to think about and care about Hayman's whereas whereas for the prior decade had felt relatively lonely and unloved and then Then the alternative lending sad. Ah was started. Maybe eight years ago with lending club and ondeck cabbage and prosper etc.. Then I started to feel confused to like for more of a technology investor to like eight minutes. I can understand that. Payments is fundamentally technology business even though there are elements of risk and certainly complexity but lending is not fundamentally it technology business. So that was that was very strange. Patch approach lending was so much in favour but now I've kind of gotten used to it. I think is become the conventional wisdom that natural services Mrs which have historically been manufactured and distributed by these regulated entities. That are typically Gli can relatively risk averse and slow moving while those those same financial services the day payments or lending or insurance or investing are being manufactured distributed by entrepreneurially led technology oriented startups That's the new state of the world. And therefore I've got a lot more competition from investors who also recognize that but also a lot more targets to investment right. What's the greatest lesson that you've learned in your career? Well I think To me I've learned that I have to kind of stick by my guns. An excellent lending provides us to good example. Here I was the first investor in coming on deck which I mentioned is out public company. A small business lender and we had a view that At the time small business loans primarily made by banks based on the owners credit score their personal Bike war and the idea was that they were way better. Sources of data with which to underwrite the health of a small business and onto X.. Were you know worked really hard alongside cabbage funding circle a few others. It just pioneer use of those data sources but what I learned which come as a real surprise was that it's incredibly hard to build lending couple it just so much harder than technology company or even a payments company because of the new in perilous types types of risks involved credit risk regulatory risk equity risk More or less stayed out of lending sense and and so it was challenging for me as an investor. I'd go through a phase where lending universe was so popular and so highly valued going back five or six years companies like so five being dieted four five billion dollar lending club at its peak. Well north of ten billion dollars you could go on and on there was an in one given year was twenty thirteen. There was five billion dollars of venture capital invested in lending companies and so raised a billion dollars at one time. I remember that was on once wrote and by the way I like this story they do good things for their for their customers right. It's not to be critical. It's just that it is true and has been true for a century or more that lending companies trade in some proportion to their book value because of the risks that I mentioned and the constraints on their growth and so during a period of time. They're trading at revenue. All's it's pretty easy to get sort of lost and and lose what had been a pretty well thought out in well-developed conviction that's not how lending somebody should be valued and so to me. You know now having seen kind of the crash of alternative. I'm glad that I stuck by my guns there and didn't WanNa get caught up in that and in the same way about insurance companies. Now Insurance Carriers Take a huge amount of risk. They require enormous mets capital. And you often don't know how well the performing bring for many years and so it strikes me as similarly as not a great area for venture capital and yet at a many my competitors. You disagree with me so to answer your question for me. I need to stick by my guns. I I need to develop conviction. I need to constantly reassess and be open to new ideas but not follow the crowd. What's keeping you up at night? Now whether they're about you know what you're doing at Bain capital ventures or just the industry in general what what really worries you will I do think And the valuation rubrics that are in use Arkan fusing to me and I think I think worrisome in that it's it's not good for companies to be highly. It's Shirley not good for their investors too valuable to highly and then further. It's not good good for anyone. If there are too many companies getting started at a one lane I feel that way. For instance you know we have all these neo banks now All the ones in Europe are coming to the US There are crop of them here in the US. A couple dozen and then and any consumer facing technology company any scale is thinking about whether they should add banking services Ram We just saw uber this week becoming much more of a full-fledged bank for its drivers and so I think it's scary for bence since Should newly wake up to the fact that there are GonNa be many many diverse options for their retail banking customers customers but it's also troubling. I think the industry and just the magnitude of funding and the quantity of companies being created generally doesn't end well creates confusion for customers and will clearly create carnage at the end of the day. So I I worry about that. I worry about consolidation. That's happens in the payments industry. I think You know just. It's it's the beginning of two thousand nineteen. We had six plenty large enough companies who could be great acquirers of other companies Grenada. And no six three your those crazy wave. Yeah yes and and honestly for the you for the field of entrepreneurship companies it. It's better to have more are potential acquirers than fewer. Obviously so A. Do worry that we may be coming. At the end of an era in terms of the value placed on payments companies ultimately most industries do consolidate and and and and died down somewhat in their in their frenzy and it does appear to me the payments may be covering coming to the end at least in terms of sort of plain vanilla L. emerged Amos.
"bain capital ventures" Discussed on The Twenty Minute VC
"That's that's enough these dulcet tones and now I can await hand to Matt Harris Paulaner Bain capital benches. You have now arrived at your destination. My what can I say. I've been a huge fan of you on your tweets from a fall for a very long time now so thank you so much. I would joining me. Stay with you last very kind of you but I went up to stay with a little bit on it. Tell me how did you make your way into what I always cool the one for world adventure and come to be a partner at Bain capital ventures today well I started in twenty five years ago in consulting at Bain and company and then pretty quickly joined bank capital so in nineteen ninety five to be honest that had nothing nothing to do with venture back then bank capital private equity firm so that was my first foray investing but I quickly realized I was more of a venture guy and so in two two thousand a bank capital actually gave me some money. Kinda seated me as it were to start my own firm called village venture's partner Bo peabody. It's a really that was my entree. Entree into venture was twenty six year old starting my own firm raising a fund and trying to figure it out the first thing I did really we were at that point in the wreckage of the dot dot com bust and so what had seemed like a pretty easy business all of a sudden seem incredibly hard and I realized that in order for me to be successful I needed a distinctive think strategy somewhere where I could be more of a leader than just sort of a generalist and so I decided to focus on financial technology. This is in two thousand one we founded village ventures and back then there was really no term fintech and very little activity frankly in financial technology but it seemed like a big opportunity for.
"bain capital ventures" Discussed on The Bitcoin Podcast
"Something of a darling feeling among Silicon Valley types had been included in the Libra Association and entity yeah so that's interesting owner hal other recall at wonder how people held a security eighty works with anchorage if they're saying it's <hes> it's better crypto <unk> custody beyond cold storage. What is advanced security engineering those three words? What does that entail writing something to keep an eye out for C.? Network raises three point five million from Bain capital to become the Crypto Hulu. Let's see boston-based nebulous makers of the network for decentralized data storage recently closed a three and a half million dollars series a round led by Bain capital ventures along with participants like bessemer venture partners in dragonfly capital partners so Crypto Hulu. Let's see you don't have to be a host host on in brackets node in order to put data onto the network Vork said it will be a comparable experience using something like Hulu. So how does that work <unk> hero both okay so stepping back C._S.. Token model has set it apart since the Aucoin launch in two thousand fifteen the networks native see aucoin must be earned through mining it wasn't distributed as part of an initial offering as such for except the nebulous owned hardware where maker Obelisk sold fifteen million dollars worth of SIA minors roughly six thousand machines before it ceased to sales this month both host node operators in storage face <unk> renters lock a little Sia coin in a smart contract escrow including the transaction fee to ensure the operator gets paid for keeping data safe. If the host loses the encrypted data he or she forfeits those Hogan's meanwhile a small fraction of that transaction fee is automatically allocated to ten thousand thousand SIA funds the wallets these wallets are the startups soul monetization strategy for the network charging roughly one dollar per terabyte monthly plus nebulous sends fractional ownership of some Sia fun on Tokens to investors as an additional capital source beyond equity <hes> in the protocol itself in the Blockchain Co.. There's a requirement that every time you make a file contract three point nine percent of the coins in the contract are distributed to the fundholders in holders work explained <hes>. I'm not really sure like the technical details on the you know how it works. No I hear a lot about you. Though it's it might be about that time painted Dude Guiso file coin as its competitor. Let's see income it. Rivals made safe yeah. Oh No no no <hes> file base. Yes that's made save file coin in the oven are the biggest competitors to each other in the decentralized data storage space right so the next article do I'm GonNa briefly cover this commercial debt market and just curious what this amount cadence anything about Kagan's <hes>. What's it called now yeah? I can't walk like it's like Manninen enough dot com kate on anything about it cadences. It's it's your jogging rhythm of your staff. Who now seriously do though like to company? I don't know anything about it. Okay all right so cadence is apparently <hes> an a theory empowered marketplace for commercial debt on startup which recently secured a place on the Bloomberg terminal for its pools of commercial loans is now open to all institutional a to Sean accredited investors such users can contribute funds to packages of short term loans at held businesses cover payrolls inventory and other unexpected costs <hes> hardly doing this again. I don't understand the technical details but but I guess cadence is a platform that offers a a way in which people can lend out private short-term loans to businesses <hes> I see and that's it's a as I built on a theory. I guess if you look a little bit further down it says a modulation or inflection of the voice in also says a sequence of notes or chords <unk> combat comprising the close of a musical you just you just feel like that you..
"bain capital ventures" Discussed on The Twenty Minute VC
"So now, I'm delighted to hand over to Sarah Smith, partnered Bain, capital ventures. You have now arrived at your destination. Sarah, it is such a pleasure to have you on the shows. They had so many great things from Brandon the team lawyers. And so I really appreciate you taking the time outs. Join me stay Sarah here as one of your loyal subscribers. It is truly an honor. No college to join you. God is so so kind of you I so appreciate it. But I'd love to kickoff. Stay with a little bit on it. Tell me how did you make you a for a until what I always cool the wonderful world adventure and come to be vain today. It is wonderful world, isn't it? I just feel like we are so lucky what we get to do. I'm crude that someone could really come from any background through collection of experiences and make it into venture. So I was born outside of Milwaukee grew up there. My mom was an easy teacher. My dad works for the Veterans Administration, and my whole family really came from generations of people who were in the public precautions teaching and government work. And so all new business was that it was really risky and it didn't come with a pension. So I really knew nothing about I really schools, and I think the most expensive meal I hot. Graduates from high school, and but I knew that I always loved working I were Johnson high school. I was a waitress which was my first experience with variable. Combat. I really like the feeling empowered to make my own money. But when I went to school would I knew which was music since I grown up in musical household, and I majored in music education. And my first job out of school is teaching elementary k five music in the of with us chart. But as what would have it my boyfriend at the time was actually computer science, grad and San Francisco, and this was two thousand one. So I decided if there was any times sort of lead, Wisconsin that was at and I took the leap moved out. This was right after the dot com bust, obviously, so lots of people were leaving the bay area. And I was scrambling to find really any work that I could and I landed on silver levering stars which is a private education company over in the East Bay. And that was really my first exposure really running a business. I got promoted quickly and was running a sensor a little million dollar business. I looked up and ruins I never had any kind of business education number taken comics, accounting marketing, and so I'm rolled at UC Berkley extension. Nights and weekends to take some classes and founded absolutely loved it. I thought it was super interesting. And that's also where I talked to some students who are tweeting about this whole MBA thing actually, remember asking student like what does even stand for and quickly realized that that was really exciting opportunity to grow my career, and as a life changing experience after business.
"bain capital ventures" Discussed on Newsradio 950 WWJ
"Energy offers your business instant savings and energy efficient commercial kitchen products. Whether you're looking to replace your dishwasher, pre ruin sprayers are natural guests convection oven. There isn't energy saving solution for you. The instant discount program will provide instant savings and energy efficient products for your business. Visit consumers energy dot com slash instant discount, defined if you're eligible for instant energy savings upgrades from an approved distributor consumers energy is part of the small business polls. Start your instant savings today. Consumers energy count on us. Who guessed that e scooters would be such a big business? Here's one investors favorite company in a crowded field. I'm Geoff Colvin of fortune magazine with inside business lime rents electric scooters and bikes for individual trips in more than one hundred US cities and twenty seven cities outside the US. It recently raised another three hundred ten million dollars from private investors on terms that value the whole company that two point four billion dollars. This latest funding round was led by Bain capital ventures, which favored lime because it's the biggest competitor in the field. That's important not because size brings the company economies of scale and buying scooters and bikes, but because it brings the company more data the key to success in this business turns out to be experienced data that helps a company determine where to place its vehicles in the morning and throughout the day. You have to move them around the of lots of people are taking vehicles to a certain place, but not from that. Place. How do you make sure vehicles aren't stuck in that dead zone? For too long data helps answer those questions. It's often said that data is the new oil. And this is just the latest example in east scooters and bikes as in many businesses, the companies that can collect the most data fastest may. Well, be the winners for much more business. News and insight stopped by fortune dot com inside business. I'm Geoff Colvin. For CBS news. We'll check business and moment stay up to.
"bain capital ventures" Discussed on Bytemarks Cafe
"It's November fourteen two thousand eighteen and welcome to another edition of bite marks cafe where we serve you the first bite of today. Science technology and innovation. I'm Bert Lum for swell here from Donovan kilo, hav from startup, capital ventures. And he's here to tell us about the newly released venture capital in Hawaii twenty ten to twenty eighteen report. And then we'll hear from Greg barber from the natural energy lab of Hawaii. And he's here to tell us about a new aquaculture accelerator. But first off I wanted to share with you the fact that accelerate you h is actually open for applications for their six cohort. And if you're interested in applying, and I'll actually have them on the radio next week. But the deadlines coming up the deadline is I think eleven November twenty four so the Dylan's coming up next week, but we'll talk in more detail what they're up do. But you can go. To accelerate you h dot com. And register if you're interested in joining their next core with that said, I wanna welcome Donovan kill he's from the start up capital ventures. And he's here to tell us about the latest venture capital report for Hawaii. Welcome to the show. Aloha. Thank you for having me. Yeah. So is this something that you do annually? There is sort of like a venture capital report. But this is something more extensive. It's been a while since one of these reports has come out. I think our heap. Oh, public advocacy organization was responsible for putting out this kind of report. Over the course of many years, but didn't Sultan ventures put out something. It was mainly looking at. I think the way that they did it, and we recited in our report they were looking at sort of the sort of did it and asked various organizations round town that invested and trying to get some of their numbers. This was a little bit more substantive, and that we were using a third party proprietary database. It'd be able to source information was actually completed posted public deal information. We supplemented that with additional deliver mation from the various accelerators incubators. And so to jump into the report, right? This is a report that looks at investment deal activity. This is not looking at. Non delude of grants sources such as grants Espy. Our thing is mainly looking at equity investments in the Hawaii ecosystem from twenty ten up into twenty eight. Now did this include the accelerator will definitely definitely swin accelerate you wait. So. They play a significant role in this report in the deal activity, just the sheer amount of deals that occurred because of the emergence, I guess and the prevalence of the number of accelerators and incubators in Hawaii, and that led to actually some interesting things outcomes. Right. So that we talk about in a report. So, you know, we look at tippety from the accelerator incubator stage all the way up to the late stage, and sort of draw some kind of look at the trends and makes them ob- Ave ships from that are there. Some key trends that you'd like to share with your first and foremost, we're going to be doing sort of a public unveiling and talking more substantively about the report at next week's ho what you venture capital association breakfast meeting. So shout out to Meli and all the guys there at each VCA..
"bain capital ventures" Discussed on Unchained
"That's the root of the demand, and I think everything else is going to be a lot smaller in comparison. I looked at that list of crypto, hedge funds, and they're all like at least less well-known ones. I'm imagining can of some of the smaller crypto hedge funds. Do you think any of the bigger ones that managed quite a bit more in assets will Hughes compound absolute. So our initial partner. Are smaller crypto, hedge funds because I think you know they're the ones who have the most upside to experimentation being able to differentiate in their returns in the tools they use is really powerful for them. But I think that over time, you know, compound is protocol will be used hopefully by the majority of the mystery once deemed to be reliable and trustworthy, and the longer that the protocol live, the more likely are to be in the hands of the largest asset. You are one of coin base ventures first investments, and in total you have eight point two million dollars in seed investment from Bain capital ventures injuries in Horowitz and polishing capital, but compound itself doesn't have a token. So how'd you guys make money? So that's a great question right now. We're a company that sponsoring this protocol. The protocol itself sets aside a very small amount of the interest that moves through the system for the protocol sponsor. As we eventually democracy. Decentralize the protocol that may change the excess interest might actually be set to zero. But for the time being, there's actually a business model for our company developing the protocol, which is we keep a small amount of the interest that moves through the system. You know, right now that's just -able variable. It's gonna start off being very small, but it's a natural business model. It's not a token. We're little bit old school in the way we look at this which is most tokens are unnecessary. Their fundraising mechanisms there, you know, arbitrary nature actually add friction onto the usage of the protocol, and we decided to look at this very traditional fashion..
"bain capital ventures" Discussed on Bloomberg Radio New York
"This is bloomberg technology i'm emily chang the twentieth eighteen us tech ipo market kicked off with a bang companies from dropbox to spotify have hit the public markets in fact if you hop into the bloomberg terminal type gt go you will see the quarterly value of us tech ipo's by trading date and if you scroll over to the right you'll see we've got some of the biggest ipo's hitting the tape since two thousand fourteen now we have more news and what could be the biggest public offering of twenty nine thousand nine with uber naming its new cfo and on monday over in china we learned that xiaomi me may file as soon as next month seeking a one hundred billion dollar valuation and what would be the biggest ipo since alibaba in two thousand fourteen here to talk about this and much more and riquet salem managing director of bain capital ventures also former ceo of symantec and with us in new york david politics founder and ceo of better cloud a company providing security solutions for cloud based working platforms like slack and salesforce so you know talk to us about the the the global tech ipo landscape and how bullish you are so this has been a very interesting time this this year we've seen nine major ipo's in the technology industry i you saw dropbox scaler go public just recently and there's a lot of other companies that are in registration right now companies like plural site pivotal you also have docu sign expecting to go public later this year and so this is a very vibrant time for companies that are really thinking about how do you move from on premise to cloud computing and saas based applications and so you're really seeing a very vibrant ipo this is certainly your area of expertise i'm curious.
"bain capital ventures" Discussed on SUCCESS Talks
"A got to go to a fouryear college i i had those internships i had a a study abroad opportunity and then things got real in what do you do need graduate you get a job and i felt very fortunate i knew how much my parents had sacrificed to make college a an option for me and in many ways it checked the box i was working at a venture capital firm called bain capital ventures and you know they were what you kind of wanted to go do if you wanted to work in business you were at a fund with a very simple mandate which was to find and invest in amazing entrepreneurs who had ideas in companies and technologies that they felt would change the world and you you made a very comfortable living from it and and there was a certain level of certainty that you know at twenty two twenty three years old i looked at my parents and their parents who survived the depression and you felt really lucky you felt that that was what was supposed to be the plan and yet when i look down the path of this visibility that span gene of thirty years forty years that that knowing of what was coming that that level of understanding of seeing the future in front of you that clearly while it was comforting in almost a goal ended objective for former generations for me was terrifying uh and was terrifying in a in a selfish and guilty feeling way on paper it all made sense and so when i had this voice that snuck up behind me again and said you know ten years ago you wanted to go play pro squash i really didn't know what to do and i tried to ignore it i think most people can appreciate that there's a lot of ideas of things you want to do in life an icon of shoot it away in a who reside to have an idea of something that i wanted to do that would take all that job security and flip it upside down and cut off a promising early start to a career and and more importantly potentially jeopardise some.
"bain capital ventures" Discussed on The Information's 411
"Like the middle of 20 sixty and so i think that a lot of these investors are trying to get in on the ground floor of a new cryptocurrency trying to spot the next if theory m and also doing that with the with the knowledge that since the theory and went up in value so much that's kind of a testament to the fact that it might be more successful in the future love these ideas are based on it theory they're done by companies that are using it theory m smart contract feature a gouda that do it it allows you to the right code that specifies that you send a certain amount of money and receive something in return so it allows you automate certain processes within a company and that's that's something that built on the technology that bitcoin is using cadre will you did or did you talked to any v sees who think this is a bad strategy at all or early were more cautious yeah i talked to matt harris from bain capital ventures so he says that the seas shouldn't be doing anything that come they're limited partners can't do cells so in this case v sees buying up cryptocurrencies a little bit more like acting had fun and some people are philosophically against it but others have been treating these currencies like their own startups and right think that it's within their mandate breyer chris dickson i think tweeted h cryptocurrency that don't start up.