Today we speak with Mark Peter Davis, serial founder & investor. Mark is a Co-Founder of Kohort, Venwise, DevSpark, Founder Shield and a Venture Partner at High Peaks Venture Partners.
What is your take on the current scene in New York today?
The community is thriving. Educational programs and communities are now abundant and big ideas are flowing around every corner. It’s a great time and place to be an entrepreneur.
What do you see happening over the next 3-5 years?
I think the NY market will continue to mature. More capital will be available via exited-entrepreneurs-turned-angels and venture capital funds. I also suspect we’ll have a more experienced talent pool as newbies move onto successive startups and become veterans.
What do you see as challenges?
The talent constraints on the engineering, product and design sides are likely to be sustained or even increase as the number of companies scales.
I suspect this demand will increasingly be served by nearshore development firms – like DevSpark (a company in which I am a partner). With the latest connectivity, video conference technology and project management software – nearshore development has finally become a real option for US tech companies that are seeking quality engineering at a lower cost.
Companies like DevSpark, which base their software engineers in South America, offer viable operating model of fast-moving teams. By being in American time zones they able to implement agile development practices.
We’re seeing the adoption of this practice not only become more commonplace, but also being very effective.
Where does your company fit in the ecosystem?
I’m involved with a number of companies that support startupland:
High Peaks Venture Partners is an early-stage fund that invests $100-500K primarily in NY companies that are playing in the b2b and ecommerce spaces. High Peaks is religious about being a good partner to the founders it backs.
DevSpark is a nearshore software development firm that provides Fortune 1000 and venture backed startups with high quality development teams at a lower cost. Clients include: CocaCola, Verizon, Accenture and others.
Founder Shield is an insurance broker that understands startups.
Venwise is a private community where high-growth executives (CEOs, CTOs) support each others through management challenges. Members hail from many of the marquee startups in NY.
Kohort is building an online community platform designed to help organizers be successful.
I’m also releasing a book on startup fundraising in the coming months. A teaser can be seen here.
Read what other thought leaders are saying in the “Pulse of the Alley”.