INSUBCONTINENT EXCLUSIVE:
He and his team have already proven they can do it themselves after selling their startups Rapt to Microsoft and Krux to Salesforce for a
idea is that {super}set either conceptualizes a company or brings in founders whose dream they can make a reality
The studio provides early funding and expertise while the startup works from their shared space in San Francisco, plus future ones in New
{super}set co-founders Vivek Vaidya, who acts as CTO, and Jae Lim who manages the fund.The {super}set team (from left): Tom Chavez, Jae Lim,
Even with the order of operations nailed down, each encounters unique challenges and no plan is one-size-fits-all
But after delivering 17.5X returns to their past investors, Chavez et al
have proven their power to repeatedly recognize what enterprises need and build admittedly boring but bountiful products in customer data
learning, management principles, HR processes, sales methods, pipeline measurement, product sequencing, finance, legal and more
{super}set company is coming out of stealth
Eskalera helps enterprises retain top talent by tracking diversity and inclusion stats of employees to engage them with career growth and
Chavez is the CEO, but plans to install a new one shortly so he can focus more time on founding more startups
There are 55 employees across the first six companies, with two already generating revenue and most ready to emerge in the next nine
months.The funding for Eskalera and other {super}set companies comes with unique terms
repeats several times in our interview, the startups pay more equity for the cash.The hope is having seasoned leadership aboard is worth it
has plenty of skin in the game, though, given Chavez himself put in a big chunk of the $65 million, and the fund sticks to a standard
management fee.EskaleraTo supercharge the companies, {super}set brings in expert staffers in artificial intelligence, data science and more,
who then align with the most relevant companies in the portfolio
His fund hopes to win through follow-on funding of its winners.{super}set co-founder Tom ChavezIf portfolio companies hit hard times, Chavez
says {super}set will stick with them
We had an enterperenur that walked away
They lost conviction, but we brought that company to an $180 million exit after people said there was no effing way and that felt really
startups, Science in e-commerce and Pioneer Square Labs, which maintains a larger fund staff
will be a giant orange plume streak across the sky
But after accruing plenty of wealth for himself, he says the thrill that keeps him in the startup game is seeing life-changing outcomes for
