Silicon Valley is the undeniable heart of the technology startup world. There are more early-stage tech ventures and venture capitalists in the Bay Area than anywhere else in the world, which can be a good thing and a bad thing, depending on how you look at it.
While it’s a great place to be if you’re an enterprising, young entrepreneur, it can be incredibly difficult to fight your way to the top of the industry and connect with the investors you want to be involved in your company.
In a recent interview, Murray Newlands interviews Jeff Lee from DCM about the state of Silicon Valley, as well as what early-stage tech companies can do to catch the attention of top investors.
To find out more, watch the full interview below:
These are the key takeaways from the video:
- DCM is a venture firm that invests in early-stage tech companies, specifically those startups that are in the consumer goods industries. Lee specializes in the small business ecosystem and says that he is always interested in, and looking for great small businesses to invest in.
- In the interview, Lee talks about the state of small business and small business investing. He explains that the biggest problem that’s currently facing small businesses is around monetization and customer acquisition. Lee tells us that while it’s much more difficult for small businesses to compete with enterprises in these particular areas, he says that it’s led to some interesting new acquisition models and marketing practices that may change the face of small business moving forward.
- Lee also explains that as small businesses evolv e, he expects to see them start diversifying their endeavors as they try to acquire more customers and larger audiences. He says specifically that he expects to see more tech companies starting to offer SaaS products to their customers in the future to try and get a hold of a different market.
If you have any questions after watching the video, please leave them in the comments below!
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