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July 29, 2020

Black Lives Still Matter

July 29, 2020

By Nihal Mehta, Founding General Partner at Eniac Ventures


Since June 1, using no charge-appointments on Superpeer, Eniac Ventures booked 375 virtual meetings with Black founders, and successfully completed 168 so far.

As a firm that values diversity immensely, we realize that venture capital is not a meritocracy, and the best ideas of Black founders, founders of color and women, are often inhibited, not encouraged or empowered. We also realize through our own journeys that access to networks, knowledge, and capital helped us build Eniac Ventures to what it is. We are paying it forward.

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July 16, 2020

The Eniac Deal Process

July 16, 2020

By Vic Singh, Founding General Partner at Eniac Ventures and Kristin McDonald, Investor


Given venture firms can be somewhat opaque in how they process deals, coupled with the fact that the Eniac deal process is fairly unique, we wrote this post to provide founders with an in depth look at our process at Eniac with the hope that it will help them better understand our process and engender a discussion about how seed firms can best optimize their own process.

At Eniac, we are continuously iterating and improving how we process deals with the goal of increasing collaboration, reducing information asymmetry and making more informed decisions while optimizing for efficiency and speed. It is often said that the best venture outcomes are the ones where there were deeply opposing viewpoints and major dissent. Informed dissent is desirable but dissent based on information asymmetry is something we have worked to reduce.

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June 24, 2020

By Kristin McDonald, Investor and Vic Singh, Founding General Partner at Eniac Ventures


The “future” is the result of a collection of historical and present-day inputs. When a large shock occurs, it heavily influences and alters that course in a number of unpredictable ways, often rippling through tiers of 1st, 2nd and 3rd order impacts that together have the potential to set us on another course entirely. Even nuanced changes can balloon over time to represent dramatic alterations to our economy and the way we lead our lives.

We’ve created a matrix brainstorming potential impacts and opportunities resulting from the COVID pandemic: access it here.

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May 26, 2020

By Hadley Harris, Founding General Partner at Eniac Ventures


TLDR

  • Make sure your portfolio construction aligns with power law shaped distribution returns
  • Your initial strategy is just a starting point. It must be measured and adjusted over the life of the fund.
  • Getting recycling right at seed is challenging. Use a holistic model that pulls in everything to optimize your chances.      🔥We’ve included a downloadable version of ours below🔥

I called this seed stage portfolio construction for dummies because when I look back at our strategy over the years I’m amazed at how many dumb mistakes we made. I’m not saying we’ve totally figured it out but we have learned a ton since we started investing in seed rounds back in 2010. Portfolio construction is one of those areas of venture that is difficult to fully understand until you’ve been through an entire fund cycle so hopefully this helps some people avoid making some of the same mistakes we did.

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March 20, 2020

Help Main Street 🇺🇸

March 20, 2020

By Nihal Mehta, Founding General Partner at Eniac Ventures


Just one week ago, Friday March 13, 2020, Kevin Weatherman, Oleg Kogan and I went on our weekly #pitchandrun in NYC, and discussed what we could do to help those in need during the COVID-19 crisis.

Suddenly a 💡went off! A “gift card” was actually the best no-interest loan, a “first principles” way to put cash into merchant bank accounts ASAP. After a bit of research, we determined there was no comprehensive destination or aggregator for merchant gift cards so we decided to build it. Our friend Lyel Resner spun up a Slack with 400 activists and technologists to re-activate some of the civic energy that we saw in the NYC Tech community after Hurricane Sandy. And from there we rallied about a dozen incredible volunteers across 3 days and 2 sleepless nights to build @helpmainstreet. The rest is history.

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July 11, 2019

On Coaching Networks, Zoom, and Series A Signaling Effect


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June 19, 2019

By Vic Singh, Founding General Partner at Eniac Ventures


At Eniac, our criteria for evaluating investments in seed stage startups has evolved over the years. While the founding team remains the most important criteria, we also consider large markets, traction and potential to build large moats as important criteria.

In this post, we wanted to share our thinking on one of the core criteria — the moat — and help founders demystify this a bit more. How we think about moats is likely different from other investors so we are hopeful that our thinking here will help founders understand how we look at opportunities and maybe spark some thinking about your own startup trajectory. We seek to invest in opportunities where enduring moats can be built and sustained over time to create transformational companies.

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June 2, 2019

Advice on how to get media to pay attention, build relationships and what goes into a story 


By Caitlin Regan & Nihal Mehta

Supporting our founders with media relations and helping them build relationships with top tier journalists has been a core differentiator at Eniac. Over the years, we’ve learned some very useful advice that every early-stage founder should have in their playbook when preparing for a launch, an announcement or starting to think about PR.

 

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May 30, 2019

On reimagining the role of the LP in Venture, perspective on IPOs and advice for new funds


In this episode, Beezer speaks with Eniac Partner Nihal Mehta on the genesis of OpenLP, a community effort she spearheaded to foster greater understanding in the entrepreneur-to-LP tech ecosystem, as well as the fundamental role of an LP in venture, their relationship to partners and how they want to ensure they are bringing value to the funds beyond just capital.

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