Story Ventures’ Jake Yormak revealed details of the early investment evolution on the BARE Ventures podcast – QNT Press Release

Venture capital is the backbone of the business industry because it is the fuel that ignites start-ups. However, the industry is developing, and modern times require modern strategies. As a result, its structure has been rebuilt, familiar terms have gained new meanings, and the ecosystem has continued to expand.

In this episode BARE Ventures Podcast, Samir Vig introduced Jake Yormak, the founder and partner of Story Ventures. Yormak’s experience and expertise provide clear information about the current state of the venture capital world. Vig and Yormak discussed key details in this broad topic.

Listen to the full episodes of the hosts Samir Vig and Jake Yormak here.

Story Ventures: How Jake Yormak found his passion

As a former New York lawyer of Cravath, Swaine & Moore, Yormak focuses on mergers and acquisitions, capital markets and leveraged financing. After moving to another company, Gunderson Dettmer, his focus shifted to early-stage startup technology companies.

After Yormak noticed that the city’s industrial environment had evolved from the corporate world to the technological world, he founded Story Ventures with his brother Brian Yormak. Just six years ago, Story Ventures was established.

The focus of Story Ventures

Story Ventures is an early stage venture fund that invests in entrepreneurs with ambitious visions who use the proliferation of technology and data to change the way people interact with the world. Target industries include cyber security, energy infrastructure, telecommunications, payments, loans, computer processing, data analysis/visualization, autonomous vehicles/connected cars, computer vision, and urban infrastructure.

In short, their goal is to fund companies that excel in their target industries and change their target industries.

Data automation: the increase and evolution of investors

One of the key effects of starting Story Ventures was the lack of data and automotive technology investors in New York City. However, this has changed.

“It’s still in its early stages…especially outside the Bay Area,” Yormak said.

As more and more new funds enter the market and raise a larger pool of funds than ever before, venture capital has grown exponentially. In addition, the pace of company creation has also grown tremendously.

Pre-seed and seed stage funding

Pre-seed financing is a key stage in the development of new businesses. Yomak emphasized the difference between pre-seed and seed funding at that time and now.

“Three years ago, I would tell you it was less than $1 million,” Yomak explained. “But now you see that the price before the seed is between 1.5 and 2 million US dollars.”

Seed financing may far exceed this point, and even begin to resemble some traditionally considered Series A.

Product matching market verification

Verifying product market fit is a key step to attract investors. Strong growth, gaining market share and product enhancements testify to the momentum Yormak said.

“What I see in this market is that Series A venture capitalists (VC) are more interested in momentum than absolute indicators,” said Yomak.

Early founders, investors, and the evolution of the structure

With each passing day, the investment world makes it difficult for old strategies to adapt to the framework of the modern investment industry. Vig opened up the topic of founders, investors, and structural evolution with his perspective on company classification. The progress of the business is now how the market begins to classify the business phases, rather than the traditional alphabetical classification.

“Now that the boundaries are blurred, it is difficult to call it a letter based on its position alone,” Vig said.

Yormak supports Vig’s view by revealing structural changes over time. For example, funds that were classified as Series A in the past are now classified as seed funds.

A new chapter for Story Ventures

As the discussions about early founders, investors, and structural evolution continue, the future of Story Ventures has attracted much attention. Vig invited Yormak to show the audience a new chapter in his company.

“We just want to be the best,” Jomark said. “Being the best means we have to be flexible, because if you just do the same thing over and over again, it’s difficult to maintain this advantage.”

Get involved

As far as Story Ventures is looking for when building its portfolio, it is in the “best position” for automation and data technology, with high priority in terms of business, technology, and details.

“There is an active venture capital network,” Yomark explained. “If you manage to establish a fund that will survive five years or more, you can start to benefit from it…”

Entrepreneurs are encouraged to delve into the opportunities that investors may bring, or in other words, align their vision with the right venture capitalists. Investment now should be a mutual effort.

about

As a company, BARE Ventures combines the experience of its founders, operators and investors, and strives to adopt a balanced fund management approach. With an institutional investment background, BARE Ventures focuses on combining proven traditional methods with emerging knowledge in the ever-changing venture capital environment.

learn more https://www.barevc.com/.

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