Solving for Shared Experiences in XR with Anjney Midha

 

I got a chance to interview Anjney Midha, CEO of Ubiquity6 on the Boost VC Podcast, and it was an awesome talk: 

Topics

  • Venture Capital Perspectives

  • AR/VR

  • How Audio is also Augmented Reality

  • What are some positive signals to the AR/VR sector

On our discussion around venture capital - Anjney started his career on the VC side of the table, and then left to solve a major technical challenge in the VR/AR space. One of the topics I breach with him in this podcast is about his perceptions on venture now that he is on the opposite side of the table.

To Anjney’s credit he is both candid with his response and thankful to those who have helped him in the past and present, but definitely has insight into what founders are dealing with on the other side of the table now. His experience has helped him navigate the landscape, which has landed him great backers like Benchmark and Index.

Some thoughts that resonated with me:

  • “Great investors can inflect you 100x or more, and bad investors can truly destroy value in your company.”

  • “Because there has been a massive inflow of capital, there are a lot of pretenders out there. And a lot of founders don’t know that.”

  • “There are a lot of ‘logo’ shoppers out there, just trying to put the brand on the site.”

I’m interested in the perception of investors from the entrepreneurs side, and these thoughts illustrate a sense I have for venture capital from the other side. We are a service business, and I think that VCs need to get better at management of expectations and higher quality service delivered to the entrepreneur on average.

Adam Draper

Managing Director at @BoostVC // Seed investor in @Coinbase, @Amplitude_HQ, @Benchling, Wave Mobile Money // Board Member of @Skybound I like comic books. #Bitcoin

 
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