Spectrum Equity is a big-time venture capital firm out of Boston with offices in San Francisco, their last fund was one-billion-dollars. One Billion Dollars! I got to spend the day with one of the partners at Spectrum Equity Asher Hecht-Bernstein.
Spectrum Equity has a challenge - they have to deploy their capital and make investments. But it’s a selective process. For every 10,000 companies/deals they evaluate, they might make 4-5 investments. When Spectrum gets involved, they go all-in. Investments typically range around $20M.
Asher was in Omaha to scout deals - Venture Capitalists have to work the sales pipeline too! Asher was pretty keen on what we’re doing to really foster growth within the Omaha startup scene.
Encouraging feedback from an industry leading Venture Capital firm. While we might not have any current Startup Collaborative portfolio companies ready for that level of capital today, it’s only a matter of time.
Author // Nathan Preheim