Michael Treskow, investor at Accel Partners, shares Accel's recent portfolio addition on The 20 Minute VC.
Insight
Treskow: Founder experience is helpful for VCs but not essential
“All else being equal, all incremental experience helps. And so if you can have somebody who has had prior entrepreneurial experience, all else being equal you'd like that, right? And the question is, is more around to what extent that's necessary, right? Becau…”
Opinion
Treskow: Emergence Capital is expanding into mobile enterprise, not leaving SaaS
“From what I saw is that they are embracing the role of mobile and distributed workforces. In, in the enterprise, which to me is actually supporting what I was just talking about in, in the sense that, you know, you're introducing more and more consumer-like el…”
Prediction Not checkable as stated
Treskow: Europe will maintain a multi-hub tech ecosystem rather than consolidating
“You know, I'm not sure there's going to be one or I, I'm not sure it's, there's necessarily for one to emerge. I think London is, is doing well. Berlin is showing a lot of energy, but you also have you know, Tel Aviv and you have Madrid and Barcelona and you h…”
Disclosure
Treskow: Accel avoids cleantech and biotech due to lack of expertise
“So, so we do not look, for example, at cleantech or biotech because, you know, I know nothing about that space.”
Insight
Treskow: Enterprise software is increasingly adopting consumer-grade user experiences
“There is no reason to believe that the way that they would like to interact with information and technology changes dramatically when they enter the office environment, right? And so you know, as I would like to consume information on my mobile phone outside t…”
Disclosure
Treskow: Accel invested early in Facebook despite an unquantifiable market size
“So, so Facebook is, is a great example. You know, when we invested early on, you know, what's, what's the size of Facebook's market, right?”