Investment Philosophy of 2am VC
Summary
Based in Bangalore, the startup offers an AI-enabled turnkey data infrastructure platform that enables the creation of personalized customer journeys for product and marketing teams. Their focus fields include task automation and computer vision.An idea or innovation has to have an application outside the world of AI and ML, added Mehta when asked about what they expect in a product. We are seeing a massive reduction in the cash economy.The founders believe in areas like fintech, marketplaces, and b2b Saas, startups from India that are leveraging AI and ML for building trust with their consumers.Sharing the learnings from past investments, Mehta said: a huge part of our thesis is to ensure that we do not fall for companies chasing the short trends,Further, he said as soon as customer lifetime value (LTV) and consumer acquisition value (CAC) get out of sync, the business will run up and then go down.Rogers, the general partner at 2am VC, believes in ideas that have a personality over data. Data first approach is not part of the firms investment philosophy.Further, he said India is one of the few blessed countries that have the best institutions like IIT, BITS, and Manipal that offer a great education in the technology field. Ask your friends and family for a little bit of seed funding.Adding to this, Hershel said that founders sometimes make bigger pitches by playing cards they dont have.