In this podcast episode, Mark Sherman of Telstra Ventures talks about the changes that have taken place in the venture and startup industry over the last 20 years. Telstra Ventures invests in companies with $1 million to $10 million in revenue, with a particular focus on identifying promising companies early and understanding product-market fit. Sherman also discusses the impact of artificial intelligence on the industry and stresses the importance of closely monitoring trends. Further, he explains that both large companies and startups will benefit from technology and that there are still opportunities to enter the industry. Sherman also shares insights on how Telstra Ventures is dealing with the impact of current market conditions and how data science and creating value for portfolio companies are key. What you'll learn: Changes in the venture industry over the past 20 years. How do you stay successful in the venture business for 20 years? Focus on companies with revenues of $1 million to $10 million Identify promising companies early and understand product-market fit Impact of artificial intelligence on the venture industry Opportunities and ways to enter the industry ALL ABOUT UNICORN BAKERY: https://zez.am/unicornbakery00:01:21 How the venture industry has changed over the past 20 years. 00:02:06 The future: data-driven investing 00:13:04 Importance of artificial intelligence. 00:22:04 Technology as an opportunity for businesses 00:31:04 Human resource decisions and innovation 00:37:25 Capital efficiency and trends 00:41:04 Value-add as investor: how Telstra Ventures generates revenue for its portfolio 00:47:51 Dealing with self-doubt and vulnerability. Mark Sherman LinkedIn: https://www.linkedin.com/in/markheyssherman/ Telstra Ventures: https://telstraventures.com/ WHATSAPP NEWSLETTER: 1-2x weekly get a personalized voice note or content from me that will make you a better founder, sign up now with one click: https://bit.ly/ub-whatsapp-newsletter
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