Introducing an earlier investment: Volley, a friendly place for helping others
Last October, we made our first investment out of Fund II and are excited to announce this news today as the company launches publicly out of beta. Volley is a friendly place for helping others solve problems online. Volley members can post requests in response to the question, “What are you looking for?” You can sift through […]
Our latest investment: Shift Messenger, a communication tool designed for hourly workers
With more and more messaging platforms emerging, members within groups and communities are more likely to communicate across multiple platforms (SMS/iMessage, Whatsapp, WeChat, Facebook messenger, etc.), and therefore, in a less consistent and disparate manner. As a result, we feel there is a great opportunity for startups to provide a better, more targeted experience for […]
The data we use to evaluate marketplace traction
At Version One, we love marketplaces and platforms. Over 50% of our portfolio companies fall into this category including our recent investments in Headout (a mobile-first marketplace for last-minute travel experiences) and VarageSale (a mobile-first community-driven Craigslist). We’re often asked what we look for in a marketplace. While there are many factors to consider (Bill […]
V1’s latest investment: Headout, a last minute marketplace for tours, activities and experiences
We’re thrilled to announce our newest investment: Headout, an on-demand mobile concierge that helps travellers discover and book last-minute activities during vacations at great prices. Headout makes discovering new cities easy and spontaneous. As frequent travelers, we have been watching this space for a while, but most players took a web-first, mobile-second approach. Web-first doesn’t […]
Understanding your data: the difference between correlation and conditional probability
In November, I introduced some basic statistics to help startups make sense of their data. Then last month, I described an engagement pyramid, which organizes a user’s behavior in a hierarchy. It helps you identify the highest level of user engagement so that you can allocate resources to achieve that outcome. For this blog post, […]