The A Team With the B Plan

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In funding startups, look for the A team working on the B plan.

In this situation, the team can clearly accomplish the task at hand because they’ve done it before and the task is not that hard.

The opposite of this is the team that has little experience and is now taking on a major new challenge.  

The A team makes for a better startup investment.

They know the market well and can see small changes coming up that will impact their business.

They know the industry players well and can contact them easily to form partnerships, recruit team members, and sell the product.

They work well together and have probably done for so many years.

The B project is very well-defined.

In diligencing startups, check to see how close the deal is to the A team working on a B project.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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On this episode of Investor Connect, Hall welcomes Nasir Ali, Managing Partner at StartFast Ventures.

StartFast is an early-stage venture capital firm that invests in recurring revenue software businesses outside the major start-up hubs. StartFast Fund II invests at the Seed/A Round stages in B2B SaaS companies. Their geographic focus enables them to invest at attractive valuations; their companies can scale cost-effectively, and their exits command high return multiples. StartFast likes to invest in diverse teams with first-hand experience of the problems they are solving.

Nasir has been building a high-growth entrepreneurial ecosystem across Upstate New York for the past 18 years and investing as an early-stage VC since 2007. Nasir launched The Syracuse Technology Garden incubator in 2004, followed in 2007 by the Seed Capital Fund of CNY, Upstate NY’s first angel investor fund. In 2010, Nasir joined with TriNet founder Martin Babinec to form Upstate Venture Connect, a 501(c)(3) non-profit that has helped organize six angel funds in Upstate New York; built an online communications platform that reaches more than 15,000 startup community members; created the UNY50 Entrepreneur Leadership group; and established the Upstate Venture Ecosystem Awards.

Nasir also co-founded and is the Managing Director of StartFast Fund I, Upstate NY’s only private capital-backed startup accelerator program. Nasir’s 60 portfolio companies have raised over $300MM. He is a board member and highly sought out advisor to numerous entities including the NYS Innovation Venture Capital Fund, Next Gen Venture Partners, Fitzgate Ventures, and multiple portfolio companies. Nasir received his undergraduate degree in Physics from Princeton University. He also holds an MBA from Yale University and resides in Rochester, NY.

Nasir discusses the state of startup investing and his investment thesis. He advises investors and entrepreneurs and shares some of the challenges they face.

You can visit StartFast Ventures at www.startfastventures.com, on LinkedIn at www.linkedin.com/company/startfast/, and on Twitter at www.twitter.com/Start_Fast.  

Nasir can be contacted at nasir@startfastventures.com and nasir@uvc.org, and on LinkedIn at www.linkedin.com/in/snasirali/.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.