Molly Alter, Partner at Northzone, summarizes her investment thesis on Hybrid SaaS combining multiple technology layers into resilient vertical platforms.
“It's not SAS only SAS. It's not only AI. It's never going to be only FinTech, but the combination of these things together makes for a truly defensible, resilient business that, that I think is going to be really large.”
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More from Molly Alter
AssertionSupported
Alter: European VC funds beat North American funds in 10-year net IRR
“It's not surprising that when you, again, look at the numbers over a 10 and 15 year time horizon, European VC funds have yielded higher net IRR compared to North American ones.”
Molly AlterSep 20, 2024▶ 31:21Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
Opinion
Alter: Vertical AI offers more exciting opportunities than horizontal or foundational models
“I'm thinking a lot these days about vertical AI and really, you know, the opportunity there being More exciting than sort of horizontal or even foundational layers in AI at the moment.”
Molly AlterSep 20, 2024▶ 12:14Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
Insight
Alter: World-class company building requires rare, Olympic-level founder intensity
“Like one thing I learned from Emory, who's the CEO of Frame.io is is that there's no match for intensity. You need it. And he once gave me this really powerful analogy where he said, if I was training for the Olympics of figure skating Nobody would ask me, do …”
Molly AlterSep 20, 2024▶ 20:09Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
Opinion
Alter: VC firms shouldn't be political because LP metrics are completely objective
“VC has real metrics. Like we have numbers on a page that we're showing to our LPs that we are accountable for. And obviously, you know, sometimes those investing cycles can be long. So sometimes it takes a little bit of time for the numbers to really be clear,…”
Molly AlterSep 20, 2024▶ 23:57Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
Opinion
Alter: GDPR has become a global standard that actively inhibited tech businesses
“Like GDPR, which first of all has now become a global standard, so I don't think it's specific as much to Europe anymore, but You know, that definitely has inhibited many tech businesses, so there's always nuance and shades of gray.”
Molly AlterSep 20, 2024▶ 34:34Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
Insight
Alter: Junior VCs Can Differentiate by Exploring Complex Topics Senior GPs Avoid
“You know, there are so many opportunities to differentiate yourselves. And one of the easiest opportunities I found is to actually look into the boring and complicated stuff that, you know, more senior GPs, Don't want to look into.”
Molly AlterSep 20, 2024▶ 5:39Molly Alter, Partner (Northzone), $4B AUM | Software for Hardware, EU vs USA, Vertical AI, VC Biases · Sourcery with Molly O'Shea
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