Earlier this week, the Equity crew caught up with Work-Bench investor Jon Lehr to get his take on the current market, and how his firm goes about making investment decisions.The conversation was a treat, so we cut a piece of it off for everyone to listen to.
The full audio and a loose transcript are also available after the jump.What did Danny and Alex learn while talking to Lehr? A few things, including what Seed II-level investments need these days to be attractive (Hint: Its not a raw ARR threshold), and whats going on in SaaS today (deals slowing, but not for select founders; relationships are key to doing deals today), and why being a VC is actually work.But what stood out the most was how Lehr thinks about finding investment opportunities.
While some VCs like to cultivate images of being gut-investors, cutting checks based on first meetings and the like, Lehr told A Technology News Room about how he researches the market to find pain-points, and then the startups that might solve those issues.You can listen to that bit of the chat in the clip below:Extra Crunch subscribers, the rest of the goodies are below.
(A big thanks to Danny for cleaning up the written transcript.)