Madrona promotes Anu Sharma and Daniel Li as Partners

Madrona promotes Anu Sharma and Daniel Li as Partners

Fresh off the announcement of greater than $500 million in new capital throughout two new funds, Seattle-based Madrona Venture Group has introduced that they’re including Anu Sharma and Daniel Li to the crew’s record of Partners.

The agency, which in recent times has paid notably shut consideration to enterprise software program bets, invests closely within the early-stage Pacific Northwest startup scene.

Both Li and Sharma are moving into the Partner function after a while on the agency. Li has been with Madrona for 5 years whereas Sharma joined the crew in 2020. Prior to becoming a member of Madrona, Sharma led product administration groups at Amazon Web Services, labored as a software program developer at Oracle and had a stint in VC as an affiliate at SoftBank China & India. Li beforehand labored on the Boston Consulting Group.

Seattle-based Madrona raises $345M for its eighth early-stage fund

I obtained the possibility to meet up with Li who notes that the promotion gained’t essentially imply an enormous shift in his day-to-day tasks — “At Madrona, you’re not promoted till you’re working within the subsequent function anyway,” he says — however that he appreciates “how a lot belief the agency locations in junior buyers.”

Read More:  The Station: The startups edition

Asked about leveling up his enterprise profession throughout a time when private and non-private markets appear notably flush with money, Li acknowledges some looming challenges.

“On one hand, it’s simply been an incredible 5 years to hitch enterprise capital as a result of issues have simply been up and to the appropriate with numerous issues that work; it’s only a tremendous thrilling time,” Li says. “On the opposite hand, from a macro perspective, you already know that there’s extra capital flowing into VC as an asset class than ever earlier than. And simply from that pure macro perspective, you already know that which means returns are going to be decrease within the subsequent 10 years as valuations are greater.”

Nevertheless, Li is lots bullish on web corporations claiming bigger swaths of the worldwide GDP and hopes to speculate particularly in “low code platforms, next-gen productiveness, and on-line communities,” Madrona notes of their announcement, whereas Sharma plans to proceed taking a look at to “distributed programs, knowledge infrastructure, machine studying, and safety.”

Read More:  Fox Sports launches redesigned app with modern design, bonus camera angles

TechCrunch lately talked to Li and his Madrona colleague Hope Cochran about a few of the high developments in social gaming and the way buyers had been approaching new alternatives throughout the gaming business.

eight buyers talk about social gaming’s largest alternatives


Add comment