StarZero All shows Try the podcast clipper →

GovTech Fund

also referred to as: govtechfund

12 statements across 1 episodes · 6 bullish · 0 bearish · 2 people on the record · first statement Oct 29, 2018 by Ron Bouganim · said 22 times in 2 episodes since 2018 · across every show →

Mentions by year

brought up most by Ron Bouganim (11), Harry Stebbings (11)

every mention, scene by scene, with the transcript →

Everything said about GovTech Fund, oldest first

Oct 29, 2018
Disclosure
GovTech Fund's portfolio is exclusively comprised of SaaS startups
“So the GovTech funds portfolio today is exclusively comprised of SaaS startups, software as a service startups that, for example, run a police department or manage foster care.”
Ron Bouganim Oct 29, 2018 ▶ 12:54 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 neutral
Disclosure
GovTechFund maintains a concentrated portfolio of 15 to 16 companies per fund
“Fund one, which we stopped investing out of in December of last year of 20, of 2017, had 15 portfolio companies in it, so we're roughly doing one investment a quarter, Think about a sort of three to five year investment horizon. So, 15, 16 portfolio companies …”
Ron Bouganim Oct 29, 2018 ▶ 27:27 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018
Disclosure
Only two of GovTech Fund's first 19 founders were over 28
“So the data is I've got 19 companies in the portfolio. One is already exited. So of the 19 investments we've made, only two are founders who are over the age of 28.”
Ron Bouganim Oct 29, 2018 ▶ 20:40 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 bullish
Disclosure
GovTech Fund targets startups hitting $25M ARR within four years of investment
“We're looking for are companies that can hit twenty-five million dollars of annual recurring ARR, annual recurring revenue, Within three to four years of our investment. So that means you roughly need to be growing 15 to 17% per month. We have a number of comp…”
Ron Bouganim Oct 29, 2018 ▶ 18:57 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 bullish
Assertion Not checkable as stated
GovTech Fund's portfolio companies average a sales cycle under 90 days
“So the average sales cycle in our portfolio is actually less than 90 days. So let's start with that fact.”
Ron Bouganim Oct 29, 2018 ▶ 15:17 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 positive
Disclosure
One-third of GovTechFund's deal flow comes directly from the US government
“In fact, probably about a third of our deal flow today comes from the U.S. Government. I think I'm the only VC that can say that.”
Ron Bouganim Oct 29, 2018 ▶ 28:31 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 positive
Disclosure
GovTech Fund portfolio companies avoid lobbyists and custom government contracting
“Our companies do neither. We neither do any government And we don't use any lobbyists, actually, across the portfolio. If we have, it's been extremely rare for a one-off scenario, but no, this doesn't look like anything that's come before it.”
Ron Bouganim Oct 29, 2018 ▶ 38:06 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 bullish
Disclosure
GovTech Fund startups reach 20,000 US agencies, adding 10 per day
“We now in four years across 19 companies Are connected to roughly 20,000 agencies in the U.S. As a group of companies, we're adding about 10 a day.”
Ron Bouganim Oct 29, 2018 ▶ 15:23 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018
Disclosure
GovTech Fund doubles its ownership stake in select early-stage portfolio companies
“Adding to my position, we would invest typically through a series B kind of round, but I would, in some cases, perhaps even doubled my ownership position over those first early stages.”
Ron Bouganim Oct 29, 2018 ▶ 11:17 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018
Assertion Supported
GovTechFund was the first VC fund dedicated to government tech
“Ron Buganim, founder at GovTechFund, the first ever venture capital fund dedicated to government technology startups.”
Harry Stebbings Oct 29, 2018 ▶ 0:12 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018
Disclosure
GovTech Fund explicitly avoids investing in voting or lobbying CivicTech startups
“And for sure, I often get pitched companies that, hey, help us with voting or lobbying. It's very important to democracy, but GovTech's not the area we focus on.”
Ron Bouganim Oct 29, 2018 ▶ 14:11 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Oct 29, 2018 bullish
Disclosure
GovTech Fund invested $17M and generated $300M in follow-on capital
“I've invested now seventeen million all in. Our companies have raised nearly three hundred million in follow on capital.”
Ron Bouganim Oct 29, 2018 ▶ 36:56 20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more