For Dallas venture capital fund Perot Jain the draw for an investment is the entrepreneur rather than the company itself.
“We are looking for good entrepreneurs. We know that they might have to change and pivot. We will work with them through all of those things,” Anurag Jain told The Dallas Morning News.
Jain started the fund with real estate developer Ross Perot Jr. Its first investment came with Brad Hunstable’s Ustream in 2008, which sold to IBM last year for about $130 million.
In 2017, the goal is to add 15 to 20 more startups to the portfolio, according to the newspaper. From health care and education to artificial intelligence and robotics, the fund is focused on technologies that are changing business operation.
“We are really trying to get ahead of that curve by trying to understand how it’s going to impact different [business] verticals and looking for investment opportunities,” Perot Jain partner Joe Beard told the Morning News.
Delivering what’s new and next in Dallas-Fort Worth innovation, every day. Get the Dallas Innovates e-newsletter.