How filming a capella concerts and dance recitals led Northzone’s newest partner Molly Alter to a career in VC

Date:

Share post:


Molly Alter wears a lot of hats. She’s a mocumentary film maker working on a project about an alternate reality where charades is big business. She’s a caesar salad connoisseur and documents her rankings of different restaurants’ attempts on a blog called JULIUS. She’s also Northzone’s newest partner.

Alter’s path to venture capital was not an obvious one. Her parents were journalists and she grew up heavily involved in creative passions like theater and improv comedy. These interests were the basis for the company Alter started at Harvard that filmed a capella concerts and dance recitals and ultimately led her to VC.

She told TechCrunch that she really just started that company as a way to make money — it was better than her other job cleaning toilets — but it morphed into a real business that scaled up to 27 employees. Then Insight Partners came knocking via a message sent on Facebook Messenger to see if Alter wanted to join their analyst program.

“I went to Insight straight out of undergrad,” said Alter, who graduated from Harvard. “My rationale was that I’m not from this world, I don’t know anything about these different businesses and business models. There is a lot for me to learn about starting companies. I’ll get a broad exposure and after a couple years, I’ll start my next company.”

She didn’t end up starting that other business and has been in venture ever since. After nearly five years at Insight, she moved over to Index as a partner out of their London office in 2020. She moved to Northzone and to New York City in 2023. Now she’s being promoted to partner at the firm and will continue her focus on vertical software. Northzone is a multi-stage firm that currently backs startups in the U.S. and Europe out of its €1.1 billion 10th fund.

While Alter assumed she’d go back to being an entrepreneur, she realized being a VC was a better fit for her and that building blocks for that career were always there even if she hadn’t noticed them. She said as a kid, she was always questioning and was obsessed with how things were made and where they came from down to the bread she used to make toast.

“What you are doing at its core by investing in innovation, is finding out how things work right now and how things could be better,”Alter said.

Alter said she likes that being a VC requires her to go deep into a subject and learn all the ins and outs about it. She said her investment in GovDash is a great example. While software for government contracts may not seem super interesting on the surface, Alter said she was fascinated by all the intricacies like how even a government contract for a janitor needs to be vetted for potential corruption.

“This is such an exciting job,” Alter said. “You are learning about things that are right under your nose and learning how these things work today and if they are broken how an entrepreneur could fix that.”

Alter thinks her creative background and current pursuits has made her a better investor. A direct example is that her interest in film led her to source a Series C investment into Frame.io in 2019 when she was at Insight. The company built a cloud-based video collaboration platform which Alter understood the need for immediately based on her past experiences in film. The company later exited through a $1.3 billion sale to Adobe in 2021 after raising about $90 million.

She added that she thinks it helps in less tangible ways too. She likes having other things to talk about with founders to help them relax and not feel like they need to be talking about their company 24/7.

“I do have a ton of diverse interests and it helps me build stronger relationships with founders and build that trust to go through thick and thin,” Alter said. “

Being a VC hasn’t always been easiest job, Alter said, but she’s ready to double down on investing with this latest role. She wants to cut through the AI noise to find the startups with real potential and she remains bullish on vertical software and investing out of New York.

“I think there were times where I had to exercise that grit and feel like I was pushing a rock up a hill,” Alter said. “It hasn’t been easy but I have really felt that this is the right industry for me to be in. My test of that is am I excited on a Sunday night to launch into a week of meeting founders or do I get Sunday scaries? Sundays at Northzone, I’m chomping at the bit.”



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Bluesky is courting the Swifties

Bluesky has grown by 2 million users — about 15% — since Donald Trump won the U.S....

Ford will pay up to $165M fine for rearview camera recall failures

Ford has agreed to pay a $165 million penalty to federal regulators after moving too slowly to...

Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

ChatGPT can now read some of your Mac’s desktop apps

OpenAI’s ChatGPT is starting to work with other apps on your computer. On Thursday, the startup announced the...

New Apple security feature reboots iPhones after 3 days, researchers confirm

Apple’s new iPhone software comes with a novel security feature that reboots the phone if it’s not...

AI pioneer Francois Chollet leaves Google

Francois Chollet, a leading figure in the AI world, is leaving Google after close to a decade....

Amazon’s telehealth platform adds low-cost plans for hair loss, skin care, and more

Amazon One Medical is expanding its telehealth services with the launch of upfront and low-cost treatment plans...

Sales tax automation startup Kintsugi doubled its valuation this year

A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in...