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, and can look at international opportunities. 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
23
Companies Funded
26
Invested
1
Check Size
3-4
Decision Process
Our
Portfolio
Our portfolio is diverse and includes software and other recurring revenue models.
See Our Full Portfolio
Tech co’s dont need to be profitable
I cringe writing that title because we’re believers in cash efficiency and achieving cash break even. However, when we looked at 129 tech companies at IPO, 93 of them were not profitable (72%) and 79 were not generating positive cash flow (61%). The data and additional observations are below. Ecommerce, Hardware, and Gaming…
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The most important SaaS metric – retention
Net dollar retention is the most important measure in SaaS. There are two ways to measure it: gross dollar retention and net dollar retention. Gross dollar retention looks at how much of the customer base you’ve kept year over year without including upgrades. For companies with annual contracted recurring revenue, it can be summarized as ARR…
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Lessons from a boostrapped exit
We recently had the chance to catch up with Chris Wood, one of the founders of Clario Medical Imaging, about his successful exit to Intelerad. Clario Medical Imaging is workflow management software for radiologists. Learnings from Chris’ story are below. At first, Clario was unsuccessful. Clario started in 2005. The company had the license…
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Founder paydays at exit
When a startup founder shepherds his company to a successful exit (IPO), what are the paydays like? We dove into major tech IPO’s since 2018 to find out. Note that paydays aren’t necessarily what the founders took home at the IPO (shares are usually subject to a 6 month lockup), rather they’re what the founder…
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