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How Midwestern Startup VCs Think Case Study | Sramana Mitra
Rating: 4.7 out of 5(8 ratings)
943 students

How Midwestern Startup VCs Think Case Study | Sramana Mitra

Case Study of a VC Investor on Venture Capital Fundraising in the US Midwest
Created bySramana Mitra
Last updated 2/2025
English
English [Auto],

What you'll learn

  • Case study of how an investor in the US Midwest thinks about and analyzes startups.
  • Case study how a Midwestern VC thinks differently from investors on the coasts.
  • Case study of what gets a Midwestern VC to actually write checks.
  • Case study of how a Midwestern VC formulates their investment thesis.
  • Case study of how a Venture Capitalist in the US Midwest thinks about and analyzes startups.
  • Due Diligence framework for Venture Capital fundraising in the Midwest.

Course content

3 sections9 lectures1h 59m total length
  • Introduction1:14

    Explore how Midwest investors think about startups, compare coast-to-coast funding dynamics, and learn bootstrapping, raising money, and applying a practical investment mindset through case studies.

  • How a Midwestern VC Thinks About Startups Case Study Part I31:33

    I first spoke with Mark Achler, Managing Director at MATH Venture Partners, in 2017. He discusses their investment strategy and the industry trends.

  • How a Midwestern VC Thinks About Startups Case Study Part II29:19

    During this conversation from 2021, Mark Achler of MATH Venture Partners, focuses on B-to-B selling as a key factor in startup success.

  • Case Study of Bootstrapping an AI Startup with Services in the US Midwest44:00

    Founder Nitesh Chawla bootstrapped Aunalytics while keeping his academic job at Notre Dame.

  • How Long Can You Keep Dreaming?0:41

    Explore how Midwestern startup venture capitalists evaluate founders' visions and milestones, and how long you can sustain a bold dream while aligning with practical funding expectations.

Requirements

  • None.

Description

The 1Mby1M Methodology is based on case studies. In each course, Sramana Mitra shares the tribal knowledge of tech entrepreneurs by giving students the rare seat at the table with the entrepreneurs, investors and thought leaders who provide the most instructive perspectives on how to build a thriving business. Through these conversations, students gain access to case studies exploring the alleys of entrepreneurship. Sramana’s synthesis of key learnings and incisive analysis add great depth to each discussion.

I really find Midwestern investors very interesting to talk to. While the broader trends are the same throughout the US, I find Midwestern investors to be uniquely pragmatic. Their feet are much more firmly planted on the ground. We see a lot of investors in the Midwest very interested in good fundamentals business. They’re often more interested in capital efficient startups. Early exits at modest multiples are much more acceptable with Midwest investors.

If you want to build a Unicorn startup or get financing from outside your own geography, that is perfectly acceptable today too. As an entrepreneur building your startup in the Midwest, however, you may have more financing options within your own geography with investors looking for more reasonable investment and outcomes.

Raising money is a low probability game. You need to understand how investors think to be able to raise money successfully for your startup.

During this course, I will be teaching how one investor in the Midwest of the United States thinks about and analyzes startups. We will have two in-depth conversations around startups.

Designed for tech entrepreneurs and aspiring entrepreneurs interested in building startups in the Midwest, this course provides insights into the minds of an investor operating in this region for many years in their own words.

Let's get started!


Who this course is for:

  • Tech entrepreneurs interested in learning how a VC in the US Midwest thinks about startups.
  • Entrepreneurs interested in learning how VCs in the US Midwest think about startups.
  • Aspiring entrepreneurs interested in learning how VCs in the US Midwest think about startups.