In my first blog post, I wrote:
I’m most interested in consumer web, mobile, collaborative consumption, and developer tools.
I’ve since been jaded by six months of venture capital. After hundreds of pitch meetings, I find myself less interested in these spaces and more captivated by audacious, even outlandish, visions. I’d much rather talk about Bitcoin, Soylent, and Drones than I would the next Instagram. I don’t know if that’s a good thing.
I’m going to start posting ideas for startups that I’d like to fund. The first of which is in the drone industry. There’s no doubt that this is going to be a huge industry1, but the uncertainty around regulations makes it difficult to gauge the timing of the market.
Despite this uncertainty, I think there’s an opportunity to invest at the platform layer. I’m looking for companies that can ride the wave of the developing market. I’ve seen a few startups that are working on vertical applications of drones (e.g. agriculture, freight transportation, etc.), but I don’t think the market is mature enough to support them. I’d much rather invest in companies that these vertical players build on.
I’m certainly not the first person to come to this conclusion. Airware was well received, and I’m sure it had something to do with its position in the stack. But I don’t think I’m too late.
If you’re working on a company that will thrive with the growth of the drone market, I’d love to talk to you.
h/t to Jordan for teaching me how to think about this.