Patricia Nakache, General Partner at Trinity Ventures, explains the market size and investment thesis behind backing hair e-commerce platform Maven.
Prediction Held up
Nakache predicts a shakeout in non-essential on-demand economy startups
“I also think there's going to be a shakeout in the on-demand economy. Because there's been, well, I do, you know, I'm very, I'm bullish there are a bunch of services that are going to thrive, but I think there have been a lot of services that have been funded …”
Insight
Nakache: Pattern recognition in VC partner hiring perpetuates gender imbalance
“The second P is, is what I call pattern recognition, and that's just the notice, a notion, and it applies to investment decisions too, but it's the notion that decisions are made based on recognizing attributes that have worked for you in the past or been succ…”
Insight
Nakache: Market retrenchment disproportionately harms minorities in venture capital
“I think there was a, when I joined it was higher, I believe, because we were in the middle of the dot-com boom, and in growth times, that's when opportunity exists, actually, I think, For minorities to make progress. I think in retrenchment, times of retrenchm…”
Assertion Not checkable as stated
Nakache: The era of the generalist venture capitalist is largely over
“The days of sort of the generalist venture capitalist is, is I think mostly gone exists in some rare pockets, but, you know, I think when I, and that's been a transition that's happened during the time I've been in venture capital I think, you know, it wasn't …”
Insight
Nakache: Culture fit is critical in small venture capital partnerships
“In small partnerships, that's really important. You have to, there's not a big company. There's no place to go hide if you don't get along with somebody. There's no kind of other division you can transfer to or other group you can transfer to. You have to make…”
Opinion
Nakache saw huge gap between Craigslist and expensive nanny agencies
“Felt to me like there was a big opportunity for service that provided more vetting than a Craigslist, but was way less expensive than an agency.”