Our Guest: Patrick McGovern from Bowery Capital, an early-stage venture capital firm focused exclusively on founders looking to modernize business through technology.

Episode Topics:

Common patterns emerge when seed-stage companies sell into enterprises.
Pat's insights on investment criteria for early stage vertical SaaS - can you reach $50m in ARR in a short period of time
Pat's viewpoints on the dynamic of founders who choose verticals that are too narrow in relation to the requirements of raising venture money
How should vertical SaaS companies evaluate their metrics using compared to broader, horizontal-oriented benchmarks?
Pat's viewpoint on AI in vertical SaaS
Bowery Capital's typical check sizes + three types of deals
Pat's perspective on an ideal founder
The rationale behind a vertical SaaS founder opting for VC funding instead of bootstrapping

Resources:

https://bowerycap.com/blog

twitter.com/pw_mcgovern

https://bowerycap.com/blog/insights/artificial-intelligence-in-vertical-software-a-map-of-the-market
https://breakingsaas.substack.com/p/vertical-saas-bowery-capital

About Cloud Returns by Cloud Ratings:

Cloud Returns covers ALL types of software investing, whether seed, venture capital, growth equity, private equity, debt, and the public markets.

Our host - Matt Harney - is active on Twitter @saasletter and writes "SaaSletter", an investing-oriented SaaS newsletter on Substack.

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https://twitter.com/SaaSletter

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About Cloud Ratings:

Cloud Ratings is a customer outcomes-focused, data-driven software research analyst firm. We exist to allow organizations to make more confident, lower-risk software purchasing decisions.

Our Cloud Ratings Category Reports combine user reviews with verified vendor data to impartially identify leading software products. Recent report examples include: Subscription Management Software, Session Replay Software, Sales Compensation Software, and Digital Sales Room Software

Built upon investigative customer interviews, our True ROI Reports quantify and provide 3rd party validation of a software product’s business value.

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Bowery Capital: Vertical SaaS at Seed Stage