At Blackbird Ventures, we’re looking to partner with a narrow set of Internet companies so that we can use our experience and networks, as well as our capital, to help.
Teams: We’re looking for world-class founders and teams. To back you, we have to believe that you’re better placed than anyone else in the world to succeed in your chosen area. Why do you care about the problem and customer more than anyone else? What authentic connection do you have with your chosen market? Most of all we’re looking for the classic entrepreneurial DNA, those with an uncanny knack of getting things done with very few resources under chaotic conditions. We also believe that great developers can become great CEOs and our role is to assist with that personal growth. Read more about what we’re looking for in a startup team.
Products and Markets: We’re looking for businesses who are attacking large global markets from day one. Your customers should not know or care that you’re Australian. Customers buy because they love your product after a 30 day trial not because you hire expensive sales people that play golf and have steak dinners with senior executives. Your chosen market should be BIG, big enough for your business to generate the magical number of $100m p.a. in revenue. We have a particular focus on consumer and social internet, software as a service, mobile, e-commerce and software tools and services. Read more about the types of businesses were looking for.
Stage: Our bread and butter is Seed and Series A investing. If you’re not familiar with these terms or the structure of the VC market, read some more about it here. Even at the seed stages we rarely back a business plan. We’re looking for businesses with real-life metrics and paying customers.
We naturally take far more notice of founders introduced to us by people we trust, whether they be founders we have invested in, angel investors we have co-invested with or people we have worked with. So please, try to network to find a warm introduction, alternatively, you can email us at email@example.com (before you ignore this advice and do it anyway, please read this).