91 subscribers
Go offline with the Player FM app!
Podcasts Worth a Listen
SPONSORED


1 Venture Investing in Mobility + Tech with University of Michigan’s Early-Stage Zell Lurie Commercialization Fund 39:30
Brian Feinstein, Partner at Bessemer, on identifying opportunities in vertical SaaS
Manage episode 232518469 series 2105836
Brian Feinstein is a partner at Bessemer Ventures. Since joining in 2008, has focused on investments in early and growth-stage vertical SaaS, including Procore, Restaurant365, and LiveAuctioneers, as well as supported the firm's investment in Mindbody. Brian is interested in founders who are shaping their industries outside of the Silicon Valley mold.
In this episode Brian sits down with Tim Young, a founding partner at Eniac Ventures, to discuss Bessemer’s thesis around vertical SaaS and their top-down strategy for identifying investments. He digs into how they map out industries by GDP, IT spend and the criteria they look for within a sector.
As a lead investor in Procore - the de facto leader of construction software now valued at more than $3 billion dollars after their December 2018 funding round - Brian discusses how they identified the construction sector and what led them to invest in the company’s Series D.
Brian also speaks to the fund's interest in SaaS for the public sector. He points out that it is one of the largest verticals from an IT spend perspective and has historically lacked software innovation, but he is optimistic for big changes.
He also addresses how machine learning with the ability to make predictions and detect anomalies can be a powerful driver in vertical markets.
If you liked this episode, please share and tag us on Twitter:
Send comments or suggestions to seedtoscale@eniac.vc.
27 episodes
Manage episode 232518469 series 2105836
Brian Feinstein is a partner at Bessemer Ventures. Since joining in 2008, has focused on investments in early and growth-stage vertical SaaS, including Procore, Restaurant365, and LiveAuctioneers, as well as supported the firm's investment in Mindbody. Brian is interested in founders who are shaping their industries outside of the Silicon Valley mold.
In this episode Brian sits down with Tim Young, a founding partner at Eniac Ventures, to discuss Bessemer’s thesis around vertical SaaS and their top-down strategy for identifying investments. He digs into how they map out industries by GDP, IT spend and the criteria they look for within a sector.
As a lead investor in Procore - the de facto leader of construction software now valued at more than $3 billion dollars after their December 2018 funding round - Brian discusses how they identified the construction sector and what led them to invest in the company’s Series D.
Brian also speaks to the fund's interest in SaaS for the public sector. He points out that it is one of the largest verticals from an IT spend perspective and has historically lacked software innovation, but he is optimistic for big changes.
He also addresses how machine learning with the ability to make predictions and detect anomalies can be a powerful driver in vertical markets.
If you liked this episode, please share and tag us on Twitter:
Send comments or suggestions to seedtoscale@eniac.vc.
27 episodes
All episodes
×
1 Renaud Visage, Cofounder & CTO of Eventbrite, on Taking a Startup through a Recession and then through an IPO 21:11

1 Josh Kopelman, Founder of First Round Capital and investor in Uber, Square & Flatiron, on living in Philly, investing in NY and scaling teams beyond Silicon Valley. 19:38

1 Jake Saper, Partner at Emergence Capital, on Coaching Networks, Zoom, and Series A Signaling Effect 26:00

1 Rich Wong, GP at Accel (recent IPOs = Slack, Crowdstrike & Fiverr), on his thesis of picks & shovels, early bets in mobile and why enterprise automation is the next big thing 22:16

1 Beezer Clarkson, MD at Sapphire Ventures, on reimagining the role of the LP in venture 18:52

1 Brian Feinstein, Partner at Bessemer, on identifying opportunities in vertical SaaS 15:16

1 Jenny Fielding, MD of Techstars & Founder of The Fund, on doubling down with the NYC tech community 17:46

1 Sarah Cannon, Partner at Index Ventures, on lessons from her time working with Obama, Capital G & Slack 17:42

1 Omar Hamoui, Partner at Sequoia Capital, on the early days of AdMob, a call from Steve Jobs and the secret sauce to Sequoia’s success 20:47

1 Jeff Richards, MD of GGV, on board members: what to look for, how to optimize, expectations at each funding round and managing bad behavior 27:43

1 Chris Farmer, Founder & CEO of SignalFire on reinventing the venture model with a many-to-many platform, powerful datasets and a full-stack team of engineers and data scientists 26:24

1 Shivani Siroya, Founder & CEO of Tala, on raising capital, scaling teams and funding the underserved 19:32

1 Michael Mignano, Founder & CEO of Anchor, on building the company that democratized podcasting 27:59

1 Mark Suster, Managing Partner at Upfront Ventures, on the current startup ecosystem in LA, why the city was quick to adopt Bird and the challenges facing the future of transportation 16:45

1 Shahin Farshchi, Partner at Lux Capital, on leading the deep tech boom & science vs engineering risk 22:17
Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.