Deven Parekh: How COVID-19 Revealed the Need for Tech | SALT Talks #94

Deven Parekh, Managing Director of Insight Partners. He also manages the firm’s largest investment team, doing deals across the spectrum of venture, growth, and later-stage leveraged transactions. Heading into the pandemic, investment from Insight Partners was expected to slow down, but that ultimately was not the case. Technology investments have proven resilient in the age of COVID as it becomes even more integral in socially-distant environments. Major companies and industries had to compress 6-7 years of e-commerce investment into six months in order to meet the pandemic-induced demand. “I think what people underestimate is how much they touch software in their lives.” With the continued upward trend of AI and data collection/analysis required, tech sectors like software will see huge growth. Predicting a 15% a year compound as an industry, expect to see category winners grow more than that, resulting in more companies at half a trillion- or trillion-dollar market caps. ————————————————————————— To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks Moderated by Anthony Scaramucci.