What are 2 industries/trends core to your startup investment thesis?

Andrew Sider ‏@andrewsider: what are 2 industries/trends core to your startup investment thesis?

ANSWER:

I look for three things:

- trends in social media. Social media marketing is going to replace almost all other forms of marketing. Or at least force the rest to innovate.

- anything relating to baby boomers: cancer diagnostics, hospices, alzheimers treatments, etc

- The US is the next Saudi Arabia. We have all the oil we need along the Mississippi via fracking.

I then look for:

- a CEO who has built and sold before

- good co-investors who have done due diligence before me

- cheap valuations

- revenues/profits in sight

- a predictable exit.

Then I invest. But only a small amount. There are plenty of opportunities. Enough to spread around.