TLDR:
- Peter Berg, Managing Partner at M12, discusses recent investments and advice for SaaS founders.
- Investments focus on early-stage startups with check sizes in mid-to-high single digit millions.
Doubling Down: Peter Berg, Managing Partner at M12
“Doubling Down” is a series where top B2B SaaS investors share their recent activities. Peter Berg, Managing Partner at M12, recently invested in PAXAFE, a company using AI in cold chain logistics. He emphasizes the importance of choosing investors wisely for startup founders. Berg also shares insights on the current venture market and the unique approach of M12 as Microsoft’s venture arm.
Berg highlights the value of AI in preventing product losses in the supply chain through companies like PAXAFE. He explains their investment focus on early-stage startups with check sizes in the mid-to-high single digit millions, with an emphasis on Series A and B rounds. Berg advises founders to choose investors who are looking for a relationship, not just a return.
He also discusses the challenging venture market climate, urging founders to be capital efficient and focus on building viable businesses. Berg explains how M12’s alignment with Microsoft’s priorities helps create value for their portfolio companies. He shares a success story with Chain, a blockchain company that collaborated with Visa to create a multi-billion dollar payments network.
Berg’s experience in founding companies and leading venture teams adds depth to his insights for SaaS founders today. His advice on strategic partnerships and the value of CVCs offers valuable guidance for startups navigating the current market landscape.
