DPI Podcast Ep. 3: Don't Be Contrarian — Just Be Right: Sheel Mohnot, Better Tomorrow Ventures

Sheel Mohnot, co-founder and GP of Better Tomorrow Ventures, has deployed $450M across three dedicated fintech funds and says the VC obsession with contrarianism is overrated — "you just have to be right." In this episode, Sheel breaks down BTV's accounting shortage thesis (3 bets from 3 different angles), how he competes with multi-stage funds at pre-seed, why he intentionally shrank Fund III, and what "no moats" means for AI-era fintech investing.Chapters:(0:00) Introduction and Sheel's background(2:06) How Sheel and Jake went from fintech operators to fund builders(4:39) The BTV journey: Fund I ($75M) to Fund III ($140M) through boom and bust(9:39) "Everything is fintech" — why 20% of GDP is up for grabs(14:36) How a sector-focused pre-seed fund beats multi-stage competitors(24:41) The accounting shortage thesis: 3 bets, 3 distribution models(28:29) "There are no moats anymore" — defensibility in the AI era(33:05) Why BTV hasn't backed a single college dropout in fintech(39:16) Building 200K followers on X by posting about Taco Bell(48:43) Hot take: "You don't have to be contrarian — just be right"(56:42) The Taco Bell wedding storyWhere to find Sheel Mohnot:https://www.linkedin.com/in/smohnot/https://www.btv.vc/Where to find Sierra Ventures:www.sierraventures.com