Saas

Doubling Down: Satya Patel, Associate at Homebrew

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“Doubling Down” is a brand new collection the place we hear from high B2B SaaS traders on their most up-to-date actions and takes on the present market. We had an ideal one final time with Mark Roberge, Co-Founder and Managing Director at Stage 2 Capital. Test that out right here.

This week we’re specializing in Satya Patel, Associate at Homebrew!

#1.  What’s your most up-to-date disclosed funding?  Why did you do the deal?

Our most up-to-date disclosed funding is in Pika.artwork, an organization redesigning your complete video-making and enhancing expertise using AI. There’s no query that video goes to proceed to be a vital medium for each people and companies. We made the funding as a result of Pika makes it attainable for anybody to grow to be an expert high quality video creator and use that highly effective format to speak, educate and entertain.

#2.  What’s your candy spot for investing — examine measurement, stage, sort of deal?  And the way large is your present fund?

Our candy spot is pre-seed and seed with checks starting from $100k to $2m. Our present fund is an evergreen, private capital car that doesn’t have a selected fund measurement.

#3.  What’s the #1 bit of recommendation you’d give to SaaS founders at the moment?

It’s the very best distribution that wins, not the very best product.

#4.  What’s your pulse examine on the enterprise markets proper now, at the moment?

There’s capital to be invested however the bar for brand spanking new investments could be very excessive and valuations are a lot decrease than the previous few years. It takes a particular firm to be considered as a breakout worthy of capital.

#5.  What’s totally different about your fund / the way you make investments and assist founders?

Our fund offers us the pliability of angel traders however permits us to leverage our expertise as institutional traders to assist the businesses we put money into. We’re stage specialists who focus our time and power on the three vital pillars of early firm success, the product, the distribution and the corporate. We intention to be attentive to probably the most vital wants of founders, investing not simply capital, but additionally sweat and repute.

#6.  What’s an “exit” you’re notably pleased with?

It’s not the most important one however we’re very pleased with our funding in BuildingConnected, a SaaS plus market firm that bought to Autodesk. We had been very early in growing a thesis round SaaS-enabled marketplaces and BC was a building tech funding that got here in through chilly inbound and was began by first time founders.

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Previous to Homebrew, Satya was VP Product at Twitter, constructing and main the Product Administration and Consumer Companies groups. Earlier than Twitter, he was a Associate at Battery Ventures, the place he co-led the seed and early stage investing practices. Satya joined Google in 2003 and was chargeable for AdSense product administration and partnerships. Earlier than heading to Silicon Valley for Google, he labored for DoubleClick, in enterprise capital and as a method advisor. Satya’s training is memorialized by a BS in Finance and a BS in Psychology from The College of Pennsylvania.

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