TSS w/ Neeraj Berry: Cold emailing Mark Cuban, founding and failing a 1200+ person company, becoming a VC, and foodtech predictions

TSS w/ Neeraj Berry: Cold emailing Mark Cuban, founding and failing a 1200+ person company, becoming a VC, and foodtech predictions

By
Arman Anatürk
October 14, 2021

Meet Neeraj, Founder & General Partner of Tet Ventures

Neeraj Berry (@neerajberry), founder & general partner of Tet Ventures, joins Arman Anaturk (@armananaturk) to discuss his journey from scrappy entrepreneurial kid in silicon valley, to founder of Sprig ($60M raised) to joining the world of VC. He also shares more on how to leverage cold emails to get what you want, the ingredients behind successful founders and a peak into his portfolio and what's next in foodtech

Discussion: 

  • 🇮🇳 Growing up as an immigrant kid in Silicon Valley.
  • 💸 His first ever side hustle - and how they made $50k.
  • 📧 Cold emailing Mark Cuban for an $100k investment.
  • 🚐 Founding Sprig and delivering meals in his mom's minivan.
  • 📈 Hyper growth: From 3 to 1200 people in two years.
  • 📉 Why Sprig failed and what happened when they shut.
  • 🛫 Why he moved from Silicon Valley (USA) to Berlin (Germany)
  • 🌱 Why he switched to venture capital
  • 💸 How VC make money

Bio:

- Neeraj grew up in the Bay Area after his parents immigrated there from India.

- His dad was an engineer at one of the local tech companies at the boom of the Bay Area tech scene.

- Thanks to his surrounding, Neeraj got excited by tech and startups at an early age.

- His first venture was a debate camp teaching freshman's through a 2-week programme.

- In his sophomore year, the debate camp generated $50k in income.

(Unsurprisingly, they also had the best speech & debate team in the country)

- His first startup was 12Society, a subscription commerce platform curated by celebrities like rapper Nas and basketball star, Blake Griffin.

- After a cold email to Mark Cuban, the company landed an investment from the Shark Tank legend.

- Him and his co-founders scaled the business to >$1million recurring revenue.

- The next idea he came up with was a healthy food delivery platform (back when this wasn't yet a thing).

- After a quick call to his friend and former classmate, Gagan Biyani (Udemy co-founder) the two set out to grow Sprig

- With no technology and funding - the founders hacked together a solution to test their key hypotheses.

- "I was driving my moms minivan whilst my girlfriend was taking our friends orders over text and we were rushing to get warm meals delivered in under 20 minutes"

- The company grew from there, within a few years, Sprig had raised $60M and hired 1200 employees.

- At some point, growth started to taper, the market was changing and the company made the tough decision to close up.

- Post Sprig, Neeraj and his wife (yes, the one from the minivan) decided to pick up and move to Berlin for a lifestyle change.

- After a few months of selective networking, Neeraj was fully integrated into the local tech ecosystems, advising startups and with a number of job opportunities to choose from.

- Today, Neeraj is the founder and GP at Tet Ventures, the future forward foodtech fund that's backed by the family at Bahlsen Group.

- So far the fund has made 21 investments in this space including eGrocery Gorillas, cell-tech Orbillion Bio, fermentation tech Kingdom Supercultures & more

- He even allocated some of his fund to back his classmate and former co-founder, Gagan and his new venture, Maven.

By FoodHack

In a fast changing industry, it's good to know how to get ahead. The Secret Sauce is a business podcast where host, Arman Anaturk, co-founder of FoodHack, speaks with disruptive entrepreneurs and innovators from across the foodtech industry to learn more about the businesses they’ve built and what's next in foodtech.

Hosted by: Arman Anatürk

Edited by: Annabelle Buckland

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Meet Neeraj, Founder & General Partner of Tet Ventures

Neeraj Berry (@neerajberry), founder & general partner of Tet Ventures, joins Arman Anaturk (@armananaturk) to discuss his journey from scrappy entrepreneurial kid in silicon valley, to founder of Sprig ($60M raised) to joining the world of VC. He also shares more on how to leverage cold emails to get what you want, the ingredients behind successful founders and a peak into his portfolio and what's next in foodtech

Discussion: 

  • 🇮🇳 Growing up as an immigrant kid in Silicon Valley.
  • 💸 His first ever side hustle - and how they made $50k.
  • 📧 Cold emailing Mark Cuban for an $100k investment.
  • 🚐 Founding Sprig and delivering meals in his mom's minivan.
  • 📈 Hyper growth: From 3 to 1200 people in two years.
  • 📉 Why Sprig failed and what happened when they shut.
  • 🛫 Why he moved from Silicon Valley (USA) to Berlin (Germany)
  • 🌱 Why he switched to venture capital
  • 💸 How VC make money

Bio:

- Neeraj grew up in the Bay Area after his parents immigrated there from India.

- His dad was an engineer at one of the local tech companies at the boom of the Bay Area tech scene.

- Thanks to his surrounding, Neeraj got excited by tech and startups at an early age.

- His first venture was a debate camp teaching freshman's through a 2-week programme.

- In his sophomore year, the debate camp generated $50k in income.

(Unsurprisingly, they also had the best speech & debate team in the country)

- His first startup was 12Society, a subscription commerce platform curated by celebrities like rapper Nas and basketball star, Blake Griffin.

- After a cold email to Mark Cuban, the company landed an investment from the Shark Tank legend.

- Him and his co-founders scaled the business to >$1million recurring revenue.

- The next idea he came up with was a healthy food delivery platform (back when this wasn't yet a thing).

- After a quick call to his friend and former classmate, Gagan Biyani (Udemy co-founder) the two set out to grow Sprig

- With no technology and funding - the founders hacked together a solution to test their key hypotheses.

- "I was driving my moms minivan whilst my girlfriend was taking our friends orders over text and we were rushing to get warm meals delivered in under 20 minutes"

- The company grew from there, within a few years, Sprig had raised $60M and hired 1200 employees.

- At some point, growth started to taper, the market was changing and the company made the tough decision to close up.

- Post Sprig, Neeraj and his wife (yes, the one from the minivan) decided to pick up and move to Berlin for a lifestyle change.

- After a few months of selective networking, Neeraj was fully integrated into the local tech ecosystems, advising startups and with a number of job opportunities to choose from.

- Today, Neeraj is the founder and GP at Tet Ventures, the future forward foodtech fund that's backed by the family at Bahlsen Group.

- So far the fund has made 21 investments in this space including eGrocery Gorillas, cell-tech Orbillion Bio, fermentation tech Kingdom Supercultures & more

- He even allocated some of his fund to back his classmate and former co-founder, Gagan and his new venture, Maven.

By FoodHack

In a fast changing industry, it's good to know how to get ahead. The Secret Sauce is a business podcast where host, Arman Anaturk, co-founder of FoodHack, speaks with disruptive entrepreneurs and innovators from across the foodtech industry to learn more about the businesses they’ve built and what's next in foodtech.

Hosted by: Arman Anatürk

Edited by: Annabelle Buckland

Meet Neeraj, Founder & General Partner of Tet Ventures

Neeraj Berry (@neerajberry), founder & general partner of Tet Ventures, joins Arman Anaturk (@armananaturk) to discuss his journey from scrappy entrepreneurial kid in silicon valley, to founder of Sprig ($60M raised) to joining the world of VC. He also shares more on how to leverage cold emails to get what you want, the ingredients behind successful founders and a peak into his portfolio and what's next in foodtech

Discussion: 

  • 🇮🇳 Growing up as an immigrant kid in Silicon Valley.
  • 💸 His first ever side hustle - and how they made $50k.
  • 📧 Cold emailing Mark Cuban for an $100k investment.
  • 🚐 Founding Sprig and delivering meals in his mom's minivan.
  • 📈 Hyper growth: From 3 to 1200 people in two years.
  • 📉 Why Sprig failed and what happened when they shut.
  • 🛫 Why he moved from Silicon Valley (USA) to Berlin (Germany)
  • 🌱 Why he switched to venture capital
  • 💸 How VC make money

Bio:

- Neeraj grew up in the Bay Area after his parents immigrated there from India.

- His dad was an engineer at one of the local tech companies at the boom of the Bay Area tech scene.

- Thanks to his surrounding, Neeraj got excited by tech and startups at an early age.

- His first venture was a debate camp teaching freshman's through a 2-week programme.

- In his sophomore year, the debate camp generated $50k in income.

(Unsurprisingly, they also had the best speech & debate team in the country)

- His first startup was 12Society, a subscription commerce platform curated by celebrities like rapper Nas and basketball star, Blake Griffin.

- After a cold email to Mark Cuban, the company landed an investment from the Shark Tank legend.

- Him and his co-founders scaled the business to >$1million recurring revenue.

- The next idea he came up with was a healthy food delivery platform (back when this wasn't yet a thing).

- After a quick call to his friend and former classmate, Gagan Biyani (Udemy co-founder) the two set out to grow Sprig

- With no technology and funding - the founders hacked together a solution to test their key hypotheses.

- "I was driving my moms minivan whilst my girlfriend was taking our friends orders over text and we were rushing to get warm meals delivered in under 20 minutes"

- The company grew from there, within a few years, Sprig had raised $60M and hired 1200 employees.

- At some point, growth started to taper, the market was changing and the company made the tough decision to close up.

- Post Sprig, Neeraj and his wife (yes, the one from the minivan) decided to pick up and move to Berlin for a lifestyle change.

- After a few months of selective networking, Neeraj was fully integrated into the local tech ecosystems, advising startups and with a number of job opportunities to choose from.

- Today, Neeraj is the founder and GP at Tet Ventures, the future forward foodtech fund that's backed by the family at Bahlsen Group.

- So far the fund has made 21 investments in this space including eGrocery Gorillas, cell-tech Orbillion Bio, fermentation tech Kingdom Supercultures & more

- He even allocated some of his fund to back his classmate and former co-founder, Gagan and his new venture, Maven.

By FoodHack

In a fast changing industry, it's good to know how to get ahead. The Secret Sauce is a business podcast where host, Arman Anaturk, co-founder of FoodHack, speaks with disruptive entrepreneurs and innovators from across the foodtech industry to learn more about the businesses they’ve built and what's next in foodtech.

Hosted by: Arman Anatürk

Edited by: Annabelle Buckland

Meet Neeraj, Founder & General Partner of Tet Ventures

Neeraj Berry (@neerajberry), founder & general partner of Tet Ventures, joins Arman Anaturk (@armananaturk) to discuss his journey from scrappy entrepreneurial kid in silicon valley, to founder of Sprig ($60M raised) to joining the world of VC. He also shares more on how to leverage cold emails to get what you want, the ingredients behind successful founders and a peak into his portfolio and what's next in foodtech

Discussion: 

  • 🇮🇳 Growing up as an immigrant kid in Silicon Valley.
  • 💸 His first ever side hustle - and how they made $50k.
  • 📧 Cold emailing Mark Cuban for an $100k investment.
  • 🚐 Founding Sprig and delivering meals in his mom's minivan.
  • 📈 Hyper growth: From 3 to 1200 people in two years.
  • 📉 Why Sprig failed and what happened when they shut.
  • 🛫 Why he moved from Silicon Valley (USA) to Berlin (Germany)
  • 🌱 Why he switched to venture capital
  • 💸 How VC make money

Bio:

- Neeraj grew up in the Bay Area after his parents immigrated there from India.

- His dad was an engineer at one of the local tech companies at the boom of the Bay Area tech scene.

- Thanks to his surrounding, Neeraj got excited by tech and startups at an early age.

- His first venture was a debate camp teaching freshman's through a 2-week programme.

- In his sophomore year, the debate camp generated $50k in income.

(Unsurprisingly, they also had the best speech & debate team in the country)

- His first startup was 12Society, a subscription commerce platform curated by celebrities like rapper Nas and basketball star, Blake Griffin.

- After a cold email to Mark Cuban, the company landed an investment from the Shark Tank legend.

- Him and his co-founders scaled the business to >$1million recurring revenue.

- The next idea he came up with was a healthy food delivery platform (back when this wasn't yet a thing).

- After a quick call to his friend and former classmate, Gagan Biyani (Udemy co-founder) the two set out to grow Sprig

- With no technology and funding - the founders hacked together a solution to test their key hypotheses.

- "I was driving my moms minivan whilst my girlfriend was taking our friends orders over text and we were rushing to get warm meals delivered in under 20 minutes"

- The company grew from there, within a few years, Sprig had raised $60M and hired 1200 employees.

- At some point, growth started to taper, the market was changing and the company made the tough decision to close up.

- Post Sprig, Neeraj and his wife (yes, the one from the minivan) decided to pick up and move to Berlin for a lifestyle change.

- After a few months of selective networking, Neeraj was fully integrated into the local tech ecosystems, advising startups and with a number of job opportunities to choose from.

- Today, Neeraj is the founder and GP at Tet Ventures, the future forward foodtech fund that's backed by the family at Bahlsen Group.

- So far the fund has made 21 investments in this space including eGrocery Gorillas, cell-tech Orbillion Bio, fermentation tech Kingdom Supercultures & more

- He even allocated some of his fund to back his classmate and former co-founder, Gagan and his new venture, Maven.

By FoodHack

In a fast changing industry, it's good to know how to get ahead. The Secret Sauce is a business podcast where host, Arman Anaturk, co-founder of FoodHack, speaks with disruptive entrepreneurs and innovators from across the foodtech industry to learn more about the businesses they’ve built and what's next in foodtech.

Hosted by: Arman Anatürk

Edited by: Annabelle Buckland

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