As the number of voice tech innovations continues to rise, how are investors responding? Is there interest in this potential investment niche or has it not yet penetrated the investor psyche enough for serious capital injection? Today's guest, Yannick Oswald of Mangrove Capital Partners, shares his investor insights into the voice tech space.
Mangrove Capital is a venture capital firm chasing transformational ideas around the world, with a focus on early-stage companies before product launch. They have several very successful seed investments such as Skype and Wix, and are very bullish on voice tech. We kick off this episode with Yannick explaining the firm’s interest in the voice space. With a relatively new interest of only a year and a half, they feel that voice can catalyze a shift in technological social interaction.
While conventional social media is a solitary, private experience, voice has the potential to take away the fake façade of other social platforms and reestablish the authentic connection. From there, we learn more about Mangrove’s voice investment, Sybel, and how the platform seeks to reinvent audio entertainment. Yannick found that listening to a documentary provided the same entertainment experience as watching it on screen, which is what sparked his interest. We then move onto podcasts and audio content, and where Yannick sees opportunities for investors. He talks about how this niche will branch off into different genres and the likely determining factors of success. The lockdown has changed the way that people interact with voice and audio platforms, and companies can use this time to cement their places in users’ lives.
The show rounds off with some advice from Yannick for voice tech entrepreneurs and what’s in store for Mangrove Capital moving forward. This was a great discussion, so be sure to tune in!
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