TLDR:
Gen Y tech investor, Michael Frazis, has unveiled a venture capital fund after investing in software start-up Caresquare. Frazis has invested in 12 early-stage start-ups in the software, healthcare, and e-commerce sectors. He operates Frazis Capital, focusing on high-growth software enterprises.
Summary:
Tech investor Michael Frazis, son of former Bank of Queensland boss George Frazis, has entered the venture capital investment space by purchasing a 10% stake in the software start-up, Caresquare. Frazis has raised around $10 million from high-net-worth investors and associates, investing in 12 early-stage start-ups in software, healthcare, and e-commerce sectors.
Operating the Frazis Capital fund, Frazis focuses on investing in high-growth software enterprises with rollercoaster returns for investors due to the sector’s fluctuations. He believes that the best opportunities in venture capital are at the company formation stage, where they can structure favourable deal terms after proof of commercial traction.
Additionally, Frazis highlights the efficiency of coding due to artificial intelligence advancements, allowing for the building of minimum viable products at a fraction of previous costs. His venture capital fund aims to capitalize on these technological advancements to drive growth and success in the start-up ecosystem.
