Michael Tam

Michael Tam is a Partner at Craft Ventures, a venture capital firm based in Los Angeles.1 Here are some key details about Michael Tam:

Professional Background

• Currently serves as a Partner at Craft Ventures2
• Previously held positions at:
  • Crosscut Ventures as a Senior Associate
  • Uber in Operations
  • Bank of America Merrill Lynch as a Summer Associate in the Technology Group
  • PricewaterhouseCoopers as an Advisory Associate1

Education

• MBA from The University of Chicago - Booth School of Business
• BA in Economics from the University of California, Los Angeles (UCLA)12

Investment Focus

• Primarily interested in Marketplaces, SaaS-enabled marketplaces, B2B SaaS, Consumer, IoT, and food tech1
• Typically invests in the range of $500K to $25M, with a sweet spot around $12.5M1

Recent Activity

• In November 2023, Michael announced that Craft Ventures had raised $1.3 billion for their fourth fund, Craft Ventures IV ($712M), to focus on B2B software in the era of generative AI4

Expertise

Michael is known for his deep understanding of B2B SaaS metrics. He has discussed topics such as:

• Key performance indicators (KPIs) for SaaS companies
• The importance of analyzing cohorted retention
• Segmenting retention metrics by customer profile
• B2B SaaS benchmarks for efficiency3

Michael Tam's LinkedIn username is indeed "mtam".2