DoubleLine Podcasts

S11 E12: Cleo Capital’s Sarah Kunst on Navigating Today’s Venture Capital Environment

Sarah Kunst, Managing Director at Cleo Capital, an early-stage venture capital fund, joins the Sherman Show to discuss among other topics her career, her approach to researching prospective start-up companies for investment, the tech-driven compression of business life cycles from start-up to IPO to end, what she looks for in people who join Cleo Capital’s team and why she believes the current cycle of VC investment is in its early innings.

On the latter topic, speaking with DoubleLine’s Jeffrey Sherman and Samuel Lau, Ms. Kunst acknowledges the unprecedented size of VC funds and the amount of VC capital flowing into tech companies. “It feels like a firehose, and you look historically (and see) there’s more VC historically than there’s ever been. Yeah, because there’s more technology in our lives than there’s ever been.”

On the convergence of questions and factors that combine into her decision to see a start-up company (25:32), Ms. Kunst says, “Do we believe this space is an interesting space? What do we believe about the solution to the problem? Do we think this is the right team for the solution? And do we think that we’re the best-suited investors to help them build it?”

Among Cleo Capital’s portfolio companies, Ms. Kunst singles out robotic-farming entrepreneur Greenfield Robotics (13:32). “The reason you want a robot farming for you is they can pull weeds more effectively, which means you don’t need pesticides, and it turns out that pesticides and GMOs are really, really, really bad if we think we’re going to keep growing food on this planet.

Guest Speaker Bio

The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].

Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.



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