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January 28, 2019

The ABCS of the Eniac Creed

January 28, 2019

Authentic. Bold. Curious. Scrappy.


By Vic Singh, Founding General Partner, Eniac Ventures

Over the past decade, we have lived a set of core values at Eniac that we recently codified. This value system forms the ethos of the firm we’ve built and the values we like to see in our partners including founders, LPs, the Eniac Network and the broader tech community. Together, these core values constitute the Eniac Creed and we work hard every day to ensure our work meets our creed.

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January 25, 2019

On raising capital, scaling teams and funding the underserved


Shivani Siroya, Founder & CEO of Tala, speaks with Nihal Mehta about her journey from finance to entrepreneurship, and now a CEO of a fast-growth company with more than 270 employees across 5 countries and $100M in venture funding.

Tala is a mission-driven tech company opening financial access across emerging markets. Working for the UN Population Fund across Africa, Shivani saw the lack of access available to millions of people firsthand and started working on ways to solve the problem. Less than 5 years later, she had attracted some of the biggest names in venture capital, such as Chris Saca and Steve Case, and now has landed the support of financial giants including PayPal.

In this episode, Shivani talks about the inception of Tala and how it was born to close the huge financial access gap from traditional banking practices. She warns founders to not focus on name brand funds, but shares advice on staying true to your vision and focus on what you are solving and the opportunity will follow.

Shivani speaks about the challenges of hiring and finding the right people who can bring diverse viewpoints, but share Tala’s vision, as well as her responsibility for ensuring the workplace is not only diverse but an environment that is equitable and gives everyone the opportunity to succeed.

She also speaks to how she manages time, the importance of her CEO letters and why she holds a weekly AMA.

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January 23, 2019

On building the company that democratized podcasting, overcoming challenges of early-stage hiring and what is next for podcasting.


Founding General Partner Hadley Harris talks with Michael Mignano, Co-founder & CEO of Anchor, the company making it easy for anyone to create a podcast.

Michael built Anchor to democratize audio. By putting a free, full-stack podcasting platform in the pocket of anyone with a smartphone, Anchor is changing the way people think about audio, empowering everyone to have their voices heard, and pioneering new ways for creators to generate revenue. Anchor now powers one-third of all new podcasts in the rapidly growing market.

Prior to founding Anchor, Michael was VP of Product for Aviary, growing the company’s audience to over 100M users before being acquired by Adobe in 2014. Previously, Michael led Digital Product Development for Atlantic Records.

In this episode, Michael talks about how his passion for music and his drive for creativity lead him to build a company that aims to remove the friction from podcasting. He speaks about the challenges he and Co-founder & CTO Nir Zicherman faced early on, and how their roles and approaches to business have changed as they grew.

Michael also speaks to the learning curve they faced early on when hiring. As new entrepreneurs, they learned a lot about finding the right people who align and can execute on your vision and, on the flip side, how to pivot talent with the business needs.

He also shares his views on the industry, their latest new features and the podcasts he has in rotation – they are some good ones!

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December 18, 2018

Seed to Scale: Episode 13 with Mark Suster, Managing Partner at Upfront Ventures

December 18, 2018

On current startup and venture ecosystem in LA, why the city embraced Bird and the challenges facing cities as we embrace the future of transportation.


Founding General Partner Nihal Mehta talks with Mark Suster, one of the very best VCs in the biz and a true pioneer of LA venture capital.

Mark is the Managing Partner at Upfront Ventures, the largest and longest-serving fund in LA – all the way back to 1996, long before the region became known as Silicon Beach. To date, they’ve invested in more than $1 billion, with about 50% going to tech companies from Santa Barbara to San Diego. Mark’s investments include Bird, Density, Imbellus, Invoca, MakeSpace, mitú, Nanit, Osmo, and Tact.

In this episode, Mark speaks to how his prior experiences influence how he approaches his work today. Most importantly, how his mother was his earliest role model as an entrepreneur, a philanthropist and activist, and how he got into programming on his mother’s computer while still in high school which lead him to become a computer programmer in the late ’80s (when it wasn’t as sought after as it is today). Mark discusses what he learned during his time at Accenture and how it laid a strong foundation for understanding how businesses operate at scale.

Mark speaks to the current startup and venture ecosystem in LA, and why more influencers outside traditional VC are becoming investors. He also addresses the future of transportation, including the rapid adoption of Bird in Los Angeles and what cities are doing to solve the many challenges.

He also addresses the current state of politics, something he covers often on his blog Both Sides of the Table.

December 18, 2018

BVic Singh, Founding General Partner, Eniac Ventures


Our thesis in autonomy is quite simple — we believe that anything that moves will move itself autonomously in the future. This belief serves as the underpinnings of our investments in the first wave of autonomy — autonomous robotics — and its looming impact across large GDP sectors of the global economy.

Today, we are pleased to announce that we’ve doubled down on our undisclosed investment in Sea Machines to bring autonomy to sea vessels as part of their $10MM Series A, along with our friends at AccompliceToyota AI VenturesNextGen and others. Sea Machines rounds out our autonomous transport portfolio across air, land and now sea.

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December 11, 2018

By Nihal Mehta with guest author Dannie Herzberg, Head of Mid-Market Sales at Slack


We partnered with our friends at Emergence Capital for an event to address the many challenges navigating early-stage growth including when to make your first sales hire, how to qualify leads all the way to determining pricing structure.

We were lucky enough to snag Dannie Herzberg, Head of Mid-Market Sales at Slack, as our guest speaker. Her impressive background, overseeing Mid-Market, BDR & SDR sales organizations across North America and working across enterprise sales, sales management, and channel sales divisions, made her an excellent source for advice.

Dannie was kind enough to help bring the evening’s top questions back to life to share with the rest of our community.

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December 10, 2018

Seed to Scale: Episode 12 with Shahin Farshchi, Partner at Lux Capital

December 10, 2018

On leading the deep tech boom & science vs engineering risk


Founding General Partner Vic Singh sits down with Shahin Farshchi, a Partner at Lux Capital, to discuss his path to venture capital, by way of Detroit, a Ph.D. in electrical engineering and founding a company that stemmed from his research in wireless, vital sign monitoring.

Shahin speaks to how Lux spearheaded investments in science and deep tech when most venture capitalists were interested in adtech, cloud, and SaaS.

He shares the mistakes he made and lessons learned along the way, such as that time and money are grossly underrepresented when bringing a product to market and how important it is to build out a company, not just the technology. He also discusses the common mistakes investors make when “placing bets” on general themes and why Lux’s strategy is to identify amazing talent and let that talent drive you. He says, “We tend to find new investment themes at the fringes of our existing companies.”

Shahin gives advice for founders with backgrounds rooted in science or technical founders on the transition to becoming a CEO as the company grows and matures, and when it makes sense to help recruit a CEO that has the skills to take the company to the next level.

Lastly, he speaks to what it was like being a teenager in Iran and how it shaped his worldview.

December 4, 2018

By Nihal Mehta, Founding General Partner

The world is falling in love with “sexy” robot process automation (RPA) startups. Last month, UiPath raised a whopping $265M Series C at a $3B valuation — then just a day later, Automation Anywhere announced a $300M round from Softbank’s Vision Fund at a $2.6B valuation. And it’s no surprise why — the future of work is with AI.

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November 26, 2018

On the inception of the world’s first female founder-focused fund


Founding General Partner Nihal Mehta sits down with Anu Duggal and Sutian Dong, Partners at Female Founders Fund, to discuss the inception of the world’s first female-focused Venture Capital fund, how they were set up on a “blind date” by Ed Zimmerman of Lowenstein Sandler and have been able to use their unique backgrounds and points of views to make strong investments.

In this episode, Anu speaks to risk tolerance and the challenges they’ve faced while fundraising and Sutian addresses the huge shift in the industry as female founders are securing more capital than ever. They also discuss building strong brand awareness and how collaboration across the VC community has been important to raising awareness for their fund and reaching the female founder community.

Sutian shares that Female Founders Fund has always led with the mission to be the first place that FF think of going to when raising capital, but also want to be instrumental in supporting female entrepreneurs even before they think about starting a company.

Lastly, see what #WWND means and why it hangs in their office, how they try to establish work/life balance and why they are excited about the rise of alternative communities.

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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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