The Risk and Reward in Funding Startups

Jeff, founder of Softtech VC, discusses his investment strategy, focusing on software, marketplaces, and emerging technologies like drones and blockchain. He highlights the potential of healthcare tech and connected devices. Jeff addresses market competition, particularly between Fitbit and Apple's iWatch, and shares insights on innovative startups like August Smart Lock and Coin. He also discusses the tech bubble, IPOs, and the challenge of monetizing new innovations.

What is the primary focus of Softtech VC's new fund?

• Retail and e-commerce

• Software as a service and connected devices

• Automotive and transportation

• Real estate and construction

Which area does Jeff express a keen interest in, despite regulatory challenges in the US?

• Virtual reality

• Drones

• Blockchain technology

• Robotics

How does Jeff view the competition between Fitbit and Apple's iWatch?

• Fitbit and iWatch target the same market

• Fitbit and iWatch serve different market needs

• iWatch is cheaper and more functional than Fitbit

• Fitbit is expected to outperform iWatch in sales

What is the main feature of the August Smart Lock?

• It requires a physical key to unlock

• It connects with your smartphone to unlock

• It uses facial recognition to unlock

• It is voice-activated

What concern does Jeff have about the current tech market?

• Decreasing number of startups

• Lack of innovation

• Overregulation in the tech industry

• High valuations and potential tech bubble

What is a significant challenge for companies like Pinterest and Snapchat?

• Developing new features

• Generating substantial revenue to justify valuations

• Achieving high valuations

• Expanding their user base

What is Jeff's perspective on Twitter's market position?

• Twitter is not a valuable property

• Twitter is struggling with monetization compared to Facebook

• Twitter has a clear monetization strategy

• Twitter is outperforming Facebook