Episode 319: Peter Berg - Managing Partner, M12 (Microsoft's VC Fund)

The VentureFizz Podcast

Episode 319 of The VentureFizz Podcast features Peter Berg, Managing Partner at M12, Microsoft’s venture capital fund. I’ve had lots of investors as guests on the podcast, but I was excited to interview Peter because I’ve never interviewed an investor from a CVC or a Corporate Venture Capital fund. I’m not sure what the number is today, but according to a 2023 report about CVCs, it counts 1,100 active CVCs. Based on this scale, it is a very meaningful opportunity for entrepreneurs in terms of raising capital. Thus, Peter and I pretty much get right into the details towards the beginning of our conversation about the world of CVCs… from what they are, differentiators, strategic advantages of raising capital from a CVC, how to evaluate a CVC, and other topics. As previously stated, M12 is Microsoft’s VC fund. The firm invests in Seed, Series A, and Series B rounds of funding across different categories like Cloud Infrastructure, AI, Cybersecurity, Web 3 & Gaming, Vertical SaaS, and Developer Tools. In this episode of our podcast, we cover: * How Peter landed a first name @peter handle on Twitter / X.com. * A walk through Peter’s career including his investment into Square and the creation of Visa Ventures which scaled to a global organization and went on to invest in Stripe, LoopPay (a Boston startup that was acquired by Samsung), and many other companies. * All the details on Peter’s area of focus at M12 and what he is targeting for investments. * M12 portfolio company examples like Inworld and Typeface. * His thoughts and opinions on the current state of the market for raising capital. * And so much more.