The Anti-VC
We're 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+ of run-rate revenue and year over year growth of 50%+. We'll invest anywhere in the US or Canada, especially in markets most venture capital firms overlook. 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.
Who We AreThe Numbers
19
Companies Funded
13
Invested
1
Check Size
3-4
Decision Process
Our
Portfolio
Our portfolio is diverse and includes HR software, app tech, parking, sales and marketing software, apps, greeting cards, dating, e-commerce, and healthcare software. We love tech, but will invest in low or no tech opportunities that scale.
See Our Full Portfolio
Growing a greenfield market
One of our companies had a sales consultant audit their sales team and methodology. Our portfolio company’s market has some interesting traits: i) the market is greenfield and almost all homegrown; ii) ‘no decision’ is the company’s primary competitor; and iii) the market as it stands is currently small, but large enterprises are the target…
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SaaS Valuation Report
SaaS multiples are higher than they’ve been since we’ve tracked the data (Q4 2014): of the 73 SaaS companies we follow, the average public SaaS business is trading at 11.69x revenue while the median is 9.08x. Interestingly, the gap between the average and median has never been larger for the time period shown (2.6x), meaning…
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Restructuring a startup
In any VC portfolio there are going to be companies that need to restructure or pivot. We just had that situation arise for one of our portfolio companies: after raising $9mm+ and a few years of hard work, the team built an incredible technology but couldn’t build a profitable company around that technology. Below are…
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Shop your VC
If you’re only talking to us about raising money (Blossom Street Ventures), then you’re doing yourself a disservice. There’s a few things you should absolutely do when raising money: Shop around. Make sure and talk to as many VC funds as time allows. You’re not only looking for a personality fit, you’re looking for…
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