The Dart Board with Daniel Dart

Meet Sheel Mohnot, co-founder and GP at Better Tomorrow Ventures.Born and raised in Pittsburgh, before entering venture, Sheel lived on $1 a day in India doing microfinance work, built and sold two companies, and co-founded Thistle, a healthy food delivery business now generating north of $100M in revenue. He started investing out of his own pocket before raising a proof-of-concept fund in 2017, then launched BTV and is now on their third fund.In this episode, we get into why the contrarian and right trope only tells half the story of how venture actually works, how Sheel thinks about portfolio construction after going from 80 companies to 30, why specialization lets you win deals you have no business winning on price alone, what 2021 did to emerging markets and whether it ever comes back, and the mentor who told him that doing hard things and writing about them might just be the greatest hack in the game.