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December 2, 2015

Why we invested in Sochat

December 2, 2015

By Hadley Harris, Founding General Partner


Last month it was announced that we led a seed round in Sochat followed by a number of other great investors — Greylock, NEA, Slow, Betaworks, Foundation, and Allen Zhang. Of course, investment decisions are complex, often with many factors, but I’ve tried to boil things down to the main factors that drove us to lead the round.

Unique founder market fit

The number one factor in any investment decision we make is the quality of the team. Our investment in Sochat was no different. Prior to founding Sochat, Luke spent two years leading WeChat’s growth team in China. For those that don’t know, WeChat is the world’s largest and arguably most advanced chat platform, boasting an astonishing 650M users. It completely dominates the Chinese marketing in a way no platform dominates the US (more on that later). As the leader of the growth team, Luke has experience that almost no one else in the world has — at most, it’s an experience shared by a handful of people at Facebook, Snapchat, Kik, Line, and Kakao. In addition, Luke had pulled together a kick-ass team of engineers and product people (Luke himself a full stack engineer build most of the original version).

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November 14, 2013

Why we invested in Statsbot

November 14, 2013

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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