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Driving Alpha

Driving Alpha: Unveiling the Art of Inception Investing in Technical Enterprise Founders With Ed Sim

Aug 21, 2024
Ed Sim, founder of boldstart ventures and a prominent venture capitalist, discusses the art of inception investing in enterprise technology. He highlights the evolution of New York's startup ecosystem, underlining the importance of personal relationships for capital raising. Ed shares insights on the traits of successful founders and the complex challenges of investing in cybersecurity. He also delves into the impact of AI on enterprises and the need for innovative solutions to address evolving technological threats.
55:45

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Ed Sim's inception investing model emphasizes forming strong partnerships with technical founders, providing them capital and guidance from the earliest stages of their startups.
  • The evolution of New York as a prominent tech hub illustrates the shift in venture capital dynamics, attracting top firms and fostering innovation in enterprise software.

Deep dives

The Evolution of New York's Tech Scene

The podcast highlights the significant evolution of New York's tech landscape since the mid-90s, showcasing how the city has transitioned from a location with little respect in the venture capital community to a burgeoning hub for innovation. Early investors like Ed Sim and Steve Brotman reflect on their experiences in a market that previously encouraged talent to move to Silicon Valley, despite New York being home to countless Fortune 100 companies. The accumulation of top venture firms establishing a presence in New York, including Sequoia and A16z, signifies a shift where the East Coast is now recognized for its contributions to tech, particularly in enterprise software. The conversation emphasizes the importance of local opportunities and customer bases in driving investment decisions and suggests that New York will continue to attract investment due to its unique resources and market dynamics.

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