Summary:
Sri Pangulur started his own syndicate while working as a sales executive.
Transitioned to venture capital at Tribe Capital before joining Mayfield.
Co-leads Select/Spring Fund targeting Series B investments.
Invested nearly $20 million in 65 companies through his syndicate Overtime VC.
Recent investments include $25 million for Orb and $28 million for TeamBridge.
The Journey of Sri Pangulur
Sri Pangulur began his entrepreneurial journey by establishing his own syndicate while working as a sales executive in Silicon Valley. His experience in this field paved the way for his transition into venture capital at Tribe Capital.
Last year, he took a significant step by joining Mayfield to co-lead their Select/Spring Fund, which is focused on new Series B investments.
The Path to Venture Capital
Pangulur balanced his day job at CloudFlare with a rigorous after-work schedule dedicated to investing in early-stage startups. He spent up to 15 hours a week attending hackathons, meetups, and venture events to identify the next hot startup.
One memorable moment was when he chose to meet with a seed-stage company instead of celebrating a high-stakes deal with his CloudFlare team, showcasing his commitment to venture investing.
Overtime VC
He initiated his investing career by writing small checks but soon established a formal syndicate named Overtime VC, through which he invested nearly $20 million in 65 companies, primarily focusing on enterprise infrastructure and apps. Notable companies in his portfolio include Abnormal Security and Airbyte.
Building Connections
Through his investing journey, he met Navin Chaddha, managing partner at Mayfield Fund, in 2016 at a tech networking event. Their relationship blossomed into a partnership as they discussed industry trends and collaborated on various deals.
The Realization of a New Path
Pangulur's career took another turn when he joined Tribe Capital, where he helped build their software investing practice, leading significant deals including one for Apollo, valued at $1.6 billion.
However, his connection with Mayfield remained strong, and after a catch-up meeting with Chaddha in late 2022, he was presented with the opportunity to co-lead the Select/Spring Fund.
Investing in Series B
The Select/Spring Fund targets founders who have moved beyond the ideation stage, focusing on those with early product-market fit and initial market adoption. Recently, Pangulur announced two significant investments: $25 million for Orb and $28 million for TeamBridge.
Despite the current funding climate, Pangulur remains optimistic about the potential of the Spring Fund, aiming to be a go-to resource for founders at pivotal moments in their growth journey.
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