290 Writing $750,000 Venture Capital Checks at Birchmere with Ned Renzi

Key Terms CAC - Customer acquisition cost LTV - Lifetime Value ARR - Annual Recurring Revenue MRR - Monthly Recurring Revenue Churn Rate - % of customers that stop paying for your product/service   Ned is one of two founding partners at Birchmere Ventures, which is primarily focused on seed SaaS and marketplace investments. He led Birchmere’s investment in Cvent and served on its board for 11 years.   His other notable investments include TenMarks (acquired by Amazon), Neolinear (acquired by Cadence Design Systems), Peloton Technologies, Presence Learning, Identified Technologies, Modsy, Gem, Gradeslam, Mapper.ai, Ikos, SubCentral, OneKloud, Sleeperbot, and Treatspace.   We cover the 101 of venture capital and how the Pittsburgh startup ecosystem has evolved. Watch the behind-the-scenes on Piper Creative’s vlog.   Never miss one of our best episodes by subscribing to the newsletter.   Ned’s Challenge; Run personal experiments like intermittent fasting.   Connect with Ned LinkedIn Twitter Website [email protected]   If you liked this interview, check out episode 85 with Sean Ammirati where we discuss the science of growth and why Facebook beat Friendster. Subscribe on iTunes | Stitcher | Overcast | PodBay