The Anti-VC
We're not unicorn hunters and don't believe in high burn, uneconomic models that reach for market share. We look for solid businesses built by founders who are cash efficient, scrappy, and pragmatic. We focus on companies with $2mm to $20mm of run-rate revenue and year over year growth of 50%+. We'll invest anywhere in the US or Canada, coast to coast and through the Midwest. We prefer leading $1mm to $10mm Series A or B rounds, but can also follow. We like plain-vanilla preferred stock in traditional growth rounds, inside rounds, recaps, secondaries, and restructurings. Unlike other VC, we like hearing from founders directly; email our Managing Partner any time at sammy@blossomstreetventures.com.
Who We AreThe Numbers
21
Companies Funded
20
Invested
1
Check Size
3-4
Decision Process
Our
Portfolio
Our portfolio is diverse and includes software, e-commerce, and marketplaces.
See Our Full Portfolio
The demise of Blackberry
I recently read Losing the Signal by Jacquie Mcnish. If you were addicted to your Blackberry, it’s a must ready. It’s also a fantastic read if you want to learn how to avoid mismanaging your market position. Below are some of the passages we learned from. Blackberry had no security equal. “No other phone…
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Learnings from Snapchat
I recently read How to Turn Down a Billion Dollars, The Snapchat Story by Billy Gallagher. The book is fantastic and full of lessons. It’s well worth the read, but below are some of the passages we learned from. Snapchat really started as a sexting app. “He wouldn’t have to worry about sending a…
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Revenue multiples in B2C ‘internet’
Below are revenue multiples for publicly traded consumer tech companies we follow (B2C). Industries and therefore multiples vary widely. Commentary is below. Social media is 9.9x. While the revenue multiple is still strong, it’s down from highs of ~14x in 2017. Snapchat is at 16x after falling from 40x in Q4 2016, and still…
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The Series A Valuation Report
What valuations are founders asking for when they raise their Series A? Since May 2018 when we started tracking this data, we’ve had conversations with 576 companies about their Series A rounds. Figures below like revenue, valuation, and round size are medians from conversations with founders. Remember the valuations and revenue multiples presented aren’t necessarily…
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