Tank Talks
Tank Talks By Ripple Ventures
How Investors should think about investing in the Next Big Thing with Nikhil Basu Trivedi

How Investors should think about investing in the Next Big Thing with Nikhil Basu Trivedi

Today’s incredible guest is Nikhil Basu Trivedi, an investor who has been on the leading edge of investing in dozens of startups just before they become the next big thing. His portfolio includes Canva, Hinge, DoctoronDemand and many more. We asked Nikhil about what sort of data points he looks for when analyzing markets, in order to time the next big thing perfectly for investment; and we dig into some of the biggest lessons he’s learned in the process.

About Nikhil:
Nikhil Basu Trivedi is Co-Founder and General Partner of Footwork, an early-stage VC firm focused on consumer technology and the consumerization of enterprise technology. Previously, he was Managing Director of Shasta Ventures and an investor with Insight Venture Partners. He graduated from Princeton University with a degree in molecular biology and finance.

He writes at nbt.substack.com

A message from our sponsor:

Now more than ever, entrepreneurs need committed partners to help them navigate the hardest pain points of scaling a technology business. Created by one of Canada’s largest banks, RBCx is re-imagining what it means to create meaningful and impactful technology companies in Canada.

RBCx – the tech banking arm of the Royal Bank of Canada - is a full-service platform that accelerates the entrepreneurial journey at every stage of growth – providing access to a complete suite of capital solutions, innovative products and services, and operational expertise to help technology companies scale.

Sid Paquette – former Managing Partner at OMERS Ventures, is leading the group and has recruited a bunch of new faces to the bank from the Venture and Tech industry. Tony Barkett and Tyler Kirk – two former Silicon Valley Bank leaders in addition to Nicole Kelly and Anthony Mouchantaf have also joined Sid from OMERS Ventures.

RBCx has been incredibly active since their launch in June as an LP, and have already backed some of Canada’s most notable VC funds including Golden, Amplitude, Version One and Lumira Ventures. 

To learn more about RBCx visit www.rbcx.com or follow them on Twitter or Linkedin.

In this episode we discuss:

03:38 How does Nikhil define the “next big thing”

04:48 The biggest lesson Nikhil has learned

07:18 How to think about timing when to step in

10:05 The NFT wave and opening up of new opportunities

12:53 How to think about potential sizes of investment

16:57 Staying grounded in reality rather than being driven by hype

19:09 What Nikhil looks for in founders

20:36 Analyzing product market fit

24:59 Viewing competitors in the early-stage market

27:14 Enterprise trends post-pandemic that Nikhil is excited about

29:50 Thoughts on clean tech/ deep tech

32:34 Staying a generalist when investing

35:54 What to look for from Footwork VC

Fast Favorites

The All In Podcast

Not Boring by Packy McCormick

Tech Gadget

New Trend
Founders working on climate related solutions

Leading: Learning from Life and My Years at Manchester United by Alex Ferguson and Michael Moritz

Follow Matt Cohen and Tank Talks here!

Podcast production support provided by Agentbee.Agency
Tank Talks
Tank Talks By Ripple Ventures
Join your host, Matt Cohen, Founder & Managing Partner at Ripple Ventures for weekly conversations with leaders in the startup ecosystem discussing the truth about investing, building and running startups.