Disclosure certainty 5/5 debate potential 1/5

SoftTech VC Reviews 3,000 Startup Pitches Annually to Make 15 Investments

Jeff Clavier · 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups · Sep 7, 2015 · at 14:02

Jeff Clavier, founder of SoftTech VC, details his firm's deal volume and annual investment rate to explain the necessity of warm founder introductions.

0:00 / 0:06exact quote · 6.8s
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“We get to see about 3000 or more companies per year, and we only invest in 15.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jeff Clavier

What-if
Clavier: Fitbit Would Have Died Without Brad Feld's Series A Investment
“Every single round of financing was either close to impossible, To raise, I had to beg Brad failed to invest in the Series A saving Fitbit, because without that investment from Brad, they would be dead, and even the Series B or the Series C were not easy, desp…”
Jeff Clavier Sep 7, 2015 ▶ 6:15 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
Prediction Didn’t hold up
Clavier in 2015: Ambient Wireless Power Will Recharge Electronics by 2018
“So those two guys out of MIT have invented a well using a technology which has been refined lab at MIT, where, you know, in three years from now, you'll have a device or earlier You will have a device on your nightstand or your desk in the office that will aut…”
Jeff Clavier Sep 7, 2015 ▶ 24:19 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
Assertion Not checkable as stated
Clavier: No VCs Were Willing to Fund Fitbit in 2010
“In 2000 10 there was basically no one to fund Fitbit, like no one would touch it despite the early progress and, you know, sort of early liftoff in terms of sales”
Jeff Clavier Sep 7, 2015 ▶ 8:04 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
Assertion Not checkable as stated
Clavier: One-Third of SoftTech Portfolio Companies Receive Preemptive Series A Offers
“The thing which is interesting is that about a third Of our companies actually don't go and raise a round. The round just comes to them in the form of a preemption.”
Jeff Clavier Sep 7, 2015 ▶ 19:04 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
Assertion Not checkable as stated
Clavier: Hardware Startups Were a "No-Go Zone" for VCs in 2008
“It was a no-no or no-go or no investment zone for the other VCs.”
Jeff Clavier Sep 7, 2015 ▶ 6:07 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
Disclosure
SoftTech VC Doubled Down on Fitbit's $9M Series A Across Two Funds
“After a couple of months of due diligence and reference checks and spending time with the team, they led a nine million dollar Series A that I we participated into, and we actually bought more shares of Fitbit from our other fund, Fund Three, which we had rais…”
Jeff Clavier Sep 7, 2015 ▶ 10:20 20 VC 069: Jeff Clavier, King of Seed Funding @ SoftTech VC on Brad Feld, Fitbit and Standout Startups
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