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November 14, 2018

Why we invested in Statsbot

November 14, 2018

By Hadley Harris, Founding General Partner, Eniac Ventures


As Techcrunch announced, last week we led the seed round for Statsbot joined by our friends at betaworks and Innovation Endeavors. This turned out to be one of the most oversubscribed seed rounds we’ve seen since we started investing in 2010, so we are extremely excited to be involved.

Statsbot allows employees to discover and interact with their company’s data via a conversational user interface. Currently, Statsbot supports Slack as its user interface and can access data from a variety of sources including Mixpanel, Google Analytics and Salesforce. Users simply ask Statsbot for the data they want using natural language and it responds with results in a visually easy to digest format.

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November 6, 2018

On “What is it that we actually want to build?”


Founding General Partner Hadley Harris speaks with John John Borthwick, the Founder & CEO of betaworks and long-time investor in the early NYC tech scene. In the past decade, John has helped hundreds of companies build products and scale — such as Giphy, bit.ly, Tumblr, GroupMe — and continues looking for ways to improve the model with each new company.

In this episode, John speaks to a recent blog post he published on “Building Bicycles for Our Minds” in which he addresses his perspective on why there is a significant lack of vision for the next wave of technology and what we can do about it as tech leaders and entrepreneurs before it gets worse.

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October 22, 2018

On the capital gap outside Silicon Valley, perspective on how founders operate businesses differently and advice to founders managing their board


Founding General Partner Tim Young speaks with Clara Sieg, a Partner and Founding member of Revolution Ventures. Clara has been featured on Forbes’ 30 Under 30 for Venture Capital and named LinkedIn’s Top 10 Professionals Under 35 for VC & Finance.

In this episode, Clara discusses how her hometown of Pittsburgh has evolved as a tech hub and how it has influenced her passion for finding and investing in companies outside of Silicon Valley. She speaks about the early days of Revolution and why they were one of the first funds that strategized around the opportunities in second and third-tier cities. She also gives her perspective on the growing ecosystems across the up-and-coming cities, local talent and how she leverages this to recruit and scale companies.

Clara shares her perspective on the mindset and unit economics of founders outside of the valley, how they operate businesses due to less capital flow and can think differently about taking on investments and dilution.

Clara also gives advice to founders managing and optimizing their board and how to make sure you get the best possible people around the table versus just optimizing for valuation.

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October 15, 2018

By Hadley Harris, Founding General Partner

Since we started investing at Eniac in 2010, I’ve reviewed thousands of seed stage pitch decks. It amazing me how often the most important slide — the team slide — is poorly executed.

When I posted on Twitter about how important the team pages are when reviewing a deck for the first time, I received a lot of questions and comments both on and offline. It seemed people were curious as to why it was the first thing we look at (versus the market and their solution).

I thought it would be nice to address it for everyone in one place.

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October 13, 2018

By Tim Young, Founding General Partner, Eniac Ventures


Today, we are excited to announce that Eniac Ventures has led a $3.6 million seed stage fund for Visual Vocal, a leading AR/VR productivity platform for team collaboration. The fund aims to scale the company by driving continued product innovation, growing the enterprise customer base and attracting top talent.

The continued advancements in AR and VR are rapidly changing the way we approach the world. We believe that AR will revolutionize how we interface with computing resources. As demonstrated by the buzz of this week’s Oculus Connect in San Jose, there is mounting excitement and a bright future for the crops of new companies paving the way for immersive games and sports experiences. The Eniac Team also believes that VR, AR, and AI technologies will push the boundaries on how businesses operate, collaborate and go to market in the next five to 10 years. We look to work with founders and companies, such as Visual Vocal, that are leading this charge.

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October 10, 2018

Advice to aspiring VCs and founders, his transition from angel investing to institutional seed, and what it was like in the early days of the micro VC movement in Silicon Valley


Founding General Partner Vic Singh speaks with one of the OG’s of seed investing and a Veteran of the Forbes Midas List, Jeff Clavier, Founder & Managing Partner at Uncork Capital.

In this episode, Jeff recounts his journey from a small town in France to studying in Paris and landing in the startup circuit as an engineer that eventually led him to angel investing in successful the Web 2.0 companies of the early 2000’s.

Jeff gives advice to aspiring VCs, his thoughts on what it was like transitioning from an angel to his first institutional fund and how the timeline for building credibility as an investor is very different today. He also speaks to the challenges faced as their funds grew, the best strategy to stand out to LPs and how Uncork Capital views co-investors.

He also speaks on his journey building hardware companies and how he saw the opportunity to apply the capital efficient model of software as well as his experience with Fitbit.

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October 2, 2018

By Tim Young, Founding General Partner


Today, Dave Vasen, Founder and CEO of Brightwheel announced the close of their Series B, a $21 million round led by our friends at Bessemer. We couldn’t more excited to see Brightwheel in its current position as the leading software provider in early education.

We met Dave in the very early days. He was a team of one, had a basic product and five preschool customers. He had a big vision and as an early founder, Dave’s passion for the space and building a business was tangible.

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October 1, 2018

By Vic Singh, Founding General Partner and Javaughn Lawrence, Associate

We’re excited to lead the seed round in Bleximo along with our friends at BoostVC and Creative Ventures. Bleximo is building quantum accelerators, starting with quantum-based application specific integrated circuits (qASICs), first focused on molecule simulation for drug discovery. We believe that their vertical approach will enable it to realize these near-term applications sooner than general purpose quantum hardware providers.

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September 27, 2018

We’ve been busy! See what we’ve been up to along with news from our portfolio, upcoming events and other happenings around the network.

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September 26, 2018

On how they are disrupting the wellness industry, their unique road to Series A and the changing model of investor/founder relationship


Nihal Mehta speaks with the talented founders of Shine Text, Marah Lidey and Naomi Hirabayashi on how they’ve built one of the fastest-growing health and wellness companies. Working together at DoSomething.org, they realized the importance of daily peer-to-peer support and seized the opportunity to build a community to help others.

In this episode, Naomi and Marah speak about the early days growing Shine from 50,000 to now 3 million users and their approach to fundraising. They discuss the changing model of investor-founder relationship and how keeping an open dialogue led them to a Series A on Christmas Eve.

Marah and Naomi also touch on how millennials are dispelling the Baby Boomer Myth of being too broke to invest in yourself and the intersectionality of self-care and technology, especially how important it is today in response to what is happening in the world.

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