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Molly Alter

Principal at Index

Highlights

Aug 1 · linkedin

Exciting news: I’m happy to announce I’ve been promoted to partner at Northzone! It’s great to have a home here and be in my home city of New York.

I started in this industry in 2016 because I was curious about how the world worked. I suspected that evaluating a bunch of different companies might help me figure out how all these businesses fit together to produce the (mostly) functional society we live in. All these years later I’m still curious about a lot.

Some things that I’m wondering today… ▶ How do researchers today mine medical records for observational longitudinal studies? Will LLMs actually help discover novel correlations with a large enough dataset? ▶ What happened to the roasted red pepper hummus at Trader Joes? The old, good one. The version now is shit. ▶ How do large-scale manufacturers vet contract manufacturers? Is there a rating system or do they solely rely on services organizations to spot check quality? ▶ Will legal clients start to demand auditing to understand how much their lawyers are actually using AI? ▶ When will we get an Oscars for user-generated content? ▶ Why does Resy show you unavailable restaurants instead of available ones? And who will replace this bot-infested hellscape with something that works for consumers and restaurants alike. (And add in social features, loyalty, etc). ▶ What tools are needed to take a TikTok influencer from doing her own makeup to opening her own aesthetics spa? ▶ How often do doctors check Google / ChatGPT? Or UpToDate? How much does their pride or sunk cost of med school play into any resistance to modern decision support tools? ▶ Who makes the best Caesar Salad in NYC?

This is just a snapshot of questions — every day is different. And the fun thing about this industry is that there are always people around to help you figure things out. Lifelong entrepreneurs take a chance on young and hustling investors. Seasoned partners take novice associates under their wings. It’s all a big intergenerational exchange of old learnings and new intel, of hard-earned experience and “being on the ground” today. And I like to think the Northzone partnership walks the walk when it comes to combining decades of experience with humility and eagerness to learn.

So this is me feeling grateful for the mentors, peers, and entrepreneurs who have helped me find answers and keep asking questions in the past 8 years.

p.s. for the last question—it’s me, I can’t lie. I make the best Caesar Salad in nyc #humbleBrag

Apr 16 · linkedin

Very pleased to be leading the Series A in GovDash, and backing the incredible Sean Doherty, Timothy Goltser and Curtis Mason.

As a Vertical SaaS investor, I spend a lot of time thinking about different industries: construction, manufacturing, life sciences, insurance, etc. But while a construction company and a life sciences business may sound like they have little in common, there’s actually a workflow that is nearly identical across thousands of different businesses in diverse verticals: doing business with the government.

If you want to win a government contract, you have to work within the byzantine RFP requirement system, spending weeks to draft bid responses that illustrate your past performance, your future potential, and ability to be compliant with stringent government standards. And this process is actually a good thing. It prevents corruption and ensures that the $650B of annual US government contractor spend is being captured by the best possible businesses for the job. So while a construction company may be building a new data center for the office of Social Security, a life sciences company may be manufacturing flu shots, and a staffing company might be hiring janitors for a courthouse, all spend anywhere from 2-3 weeks on average to submit a proposal to win these government dollars. Drafting strong RFP responses is critical to their business growth and really painful: this is a hair on fire problem.

What’s more, sometimes the best businesses for the job don’t win the government contract because they have fewer BD resources and overworked teams. This is where GovDash comes in.

GovDash has learned that to win this market, you can’t only offer AI-based RFP response drafting (which they do really, really well). You have to extend more deeply into government contractor workflows to provide an entire suite of copilot tools purpose-built for federal contractors, and trained on each customer’s specific industry and past performance. Not only can GovDash’s platform draft a compliant RFP, but using AI it can also discover opportunities based on customized market intelligence, guide teams towards best practices in solution development, standardize the reporting and compliance for contracts in place, and eventually will automate recruiting and HR as teams begin to staff that contract.

We are thrilled to welcome GovDash to the portfolio and are excited to be working down the street from them in NYC. Their office has a really cute dog and an American flag, and maybe some day I’ll bring them over an Apple Pie. But most importantly, they have the best people.

Northzone

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Molly Alter
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Experience

Investment Team at Insight Venture Partners
Radio Talk Show Host "Alter Family Politics" at Sirius XM Radio Inc.

Education

Newark Academy
Bachelors In History, Global Health, Harvard University

Location

London, Greater London, United Kingdom