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Q2 2019 Summary: Portfolio News and Activities

Version One Ventures

We welcomed Dolly (same -day retail delivery service) to our portfolio, after participating in a $7.5m Series A round , alongside Unlock Ventures Partners and Maveron. We also invested in Guesser whose mission is to make prediction markets more accessible to mainstream users. Welcome to the V1 family!

Portfolio 111
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Growth Funds Shed Rose-tinted glasses

Lightspeed Venture Partners

in India and Southeast Asia since 2008, with 11 unicorns in its portfolio. Partner Dev Khare shares optimism for the Indian market due to technological advancements. Lightspeed India is a VC fund investing $1.5B

India 60
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How to raise money for your startup from VCs and investors in Asia

The Next Web

The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. Asia has far fewer VC firms and institutional investors, each of which invests a far smaller amount of capital.

Asia 132
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The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?

David Teten

Of the 30 Asia-based founders, all were natives of the country in which they built their businesses: 23 Chinese, three Japanese, two Korean and two Indian. This would be easy to detect: among their portfolio companies, do startups with female founders outperform those without? Of course, this dataset is incomplete.

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Expanding To Asia: 5 Tips For Tackling the World’s Largest Market

YoungUpstarts

At one time, expanding into Asia was considered a luxury — a feat attainable only by the largest and most well-heeled companies in the country. But, in today’s global market, the booming economy, massive population, mobile adoption and growing middle make Asia an attractive—and fully attainable—prospect for virtually any young upstart.

Asia 191
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Does Your VC have an Investment Thesis, or a Hypothesis?

David Teten

Investment theses are just hypotheses; the portfolio shows how accurate the hypothesis was. The modal VC thesis is: “We invest in great teams addressing large markets with disruptive solutions” Who invests in lousy teams addressing tiny markets with outdated solutions? Real sees 80% of all seed deals in Canada. .

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Aspen Institute Maghreb Investor Delegation, next week in NY and CA

David Teten

Partners for a New Beginning (PNB), a public-private partnership housed at the Aspen Institute, is organizing a Venture Capital, Private Equity and Angel Investor Delegation from the Maghreb. In addition, as part of the program, I’ll be making my first public presentation of our research study on VC portfolio operations value creation.

Tunisia 114