How to Find Your Niche as an Emerging VC with Jeremy Baksht of DataFrame Ventures

<p>Jeremy Baksht has a rich history in finance, from banking at J.P. Morgan to several entrepreneurial ventures. His specialty is data and FinTech, and his newest company is DataFrame Ventures. Over the years, Jeremy has learned that he has a good eye for investing and generating LP interest in his niche. </p><p>In this episode, he talks about the importance of generating interest, curating a funnel, and deciding what type of CFO you want to be in today's ever-changing environment.</p><p><br><strong>Show Links</strong></p><ul> <li>Check out <a href="https://www.dataframe.vc/">DataFrame Ventures</a> </li> <li>Connect with Jeremy Baksht on <a href="https://www.linkedin.com/in/baksht">LinkedIn</a> </li> <li>Check out <a href="https://www.nthround.com/">Nth Round</a> </li> <li>Connect with Andrew Seski on <a href="https://www.linkedin.com/in/andrew-seski-819b2581/">LinkedIn</a> </li> </ul><p><strong>Key Takeaways</strong></p><p><br><strong>2:53 - Invest in high-margin, repeatable businesses</strong></p><p>Early in his career at J.P. Morgan, Jeremy saw companies getting out of investments in businesses with poor margins.</p><em>“You typically want to be in that high-margin, repeatable business and get out of the clunkier businesses. So every time I talked to these businesses, they all wanted to know, what do you see in IoT? What do you see in sensors? What are you seeing in clean-tech? And even though I hadn't been an investor personally at any stage in this formation, I kept coming back to tech and data, SaaS. These are all changing the world, they are the highest multiple companies. Whether they're B2B or B2C, you have to get into these businesses. Coming up with ideas is hard, but seeing what was happening in capital markets in the early 2010s, some colleagues and I from Citi joined up with one of their former colleagues and we created a private markets exchange.”</em><p><strong>6:15 - The value of automation</strong></p><p>When Jeremy set out as an entrepreneur, the best advice he received from CEO Peter