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Venture capitalist Ashmeet Sidana believes that some of the best Silicon Valley companies owe their success to a technical insight.

After parting ways with Foundation Capital in 2013, Sidana decided to try out a new investing strategy — back founders taking technical risk, not market risk.

His firm, Engineering Capital, leads seed rounds in companies solving technical problems in the software and core IT infrastructure space. He raised $32 million for his first fund, and $50 million for his second, which he just began investing out of in Q2 of 2018.