Software is ubiquitous. The average business pays for more than 34 enterprise applications up from 16 in 2017 of which 80% are cloud-based. Because software companies are facing an unprecedented level of competition, Saas startups are questioning traditional growth models and reinventing everything from how code is written (e.g. open-source, low-code, etc) to how they bring applications to market (e.g. product-led growth). We see this as a powerful shift in focus throughout the stack from the back end to the “End-User.” Welcome to Software 3.0.
Facebook, Twitter, YouTube, LinkedIn, Snapchat, and their newer variants have won the broad social network game. Yet in the process, they have lost the trust of the very users who allowed them to win in the first place. Now we believe consumers want more than a network—they want communities to connect to. We are looking for entrepreneurs who are exploring opportunities to better nurture community members, inspire their passions, and ultimately drive value and trust.
The “future of retail” is changing at a rapid pace, affecting manufacturers, suppliers, retailers, and consumers in dramatic fashion. We do not see a “retail apocalypse,” but rather a sea change stemming from generational consumption patterns and new technologies such as machine learning, automation, and personalization, to name a few. We are on the lookout for a new spectrum of retail business models and SaaS and infrastructure solutions that improve the value chain of both the retailer and the consumer.
Work with a capital W has three immutable attributes: the who, the what, and the where. Technologies such as AI, robotics, 5G, and many more are the catalysts for reshaping the scope and importance of each of the three attributes. The workforce, the workplace, and the work of the future will look very different from the way they do today, and we are looking to entrepreneurs to drive that change.
Dating back thousands of years to the ancient Greek agora, the marketplace model facilitates the fair exchange of money for goods, labor, or shared resources. Digitalization has led to the proliferation of this model into new industries and disrupted existing marketplaces by increasing speed, transparency, and ease of
transaction for both supply and demand. We are excited to see what new mode and applications of the marketplace model entrepreneurs create.
Faced with the increasing costs of health care and the decreasing speed and transparency of care, the consumer mindset toward health and wellness is evolving and moving to the offensive. Taking a proactive approach to self-care, consumers are more informed than ever about their own health and are ready to tap and swipe for solutions that lead to healthier, fuller, longer lives. Health care is one-sixth of the country’s GDP, and we believe “Self-Care Hacking” will be one of many disruptive forces in this massive part of the economy.