It has only been a week since I wrote a post on the need to change the investment narrative in India and just 3 days after that, I received a slew of notices from the income tax department asking for ludicrous details on the investments made by Artha India Ventures. Furthermore, a couple of our […]Read More The Taxman cannot solve Angel Tax
Yesterday, Aditya Ghadge sent me a link to a recording of the panel I had participated on with Siddharth Ladsariya, Abhijeet Pai, Aniket Bharadia and Sandeep Jethwani (he played moderator) on Inside Perspectives from the Next Generation Business Leaders at the AIWMI’s Family Office 2018 Summit. I thoroughly enjoyed this interaction because each panelist came from a different vantage point. Sandeep investigated each person’s viewpoint […]Read More Video of the Week: AIWMI Family Summit 2018
Yesterday at a luncheon, a fellow angel investor and I were discussing deal flow when the senior editor of a respectable news house introduced herself to us. As many journalists do, she brought up the “high” valuations that are accorded to Indian start-ups and inquired as to whether they are “sustainable”. My fellow angel investor immediately […]Read More High Valuations are a Thorny Issue!
A marked increase in the number of angel investors joining the ecosystem has led to a problem of plenty for many angel networks. Most of them boast of having hundreds if not thousands of investors spread across the globe. The problem of too much capital chasing too few deals led to a drop in the quality of deals that were/are getting […]Read More The Paripassu is Killing Investor Interest
Book summary This book is a collection of lessons from some of the top venture capitalists and angel investors in the United States. Through the chapters, VCs share their experiences on how to build value in a startup by describing important aspects of how to pitch to VCs, when to pitch to VC’s, how to […]Read More Book Review: The Entreprenurial Bible
Angel networks have played an important role in developing a robust investment ecosystem for start-ups in India. While the initial networks were small, they were composed of individuals who had known each other for a while, so there was a web of trust that continued to hold the members together. Then as the initial investments […]Read More Angel Networks in India Are Dead
Exactly a year ago, I wrote about a growing malaise in the angel investment ecosystem in the post You are NOT an angel investor. It is serendipity that I am writing about sub 5-lakh ($7500) investments from angel investors that are starting to cloud the cap table. Founders that are raising multiple small cheques from […]Read More Beware of This Type of Angel Investor!
Today I met with an entrepreneur in the travel space that kept reiterating that they wanted to grow organically and without burning money. The “startup” wanted to take it to an offline business model of booking air tickets, where it earned a respectable profit – online. Coming from a strong referral I spent a couple […]Read More The Math of Early-Stage Venture Capital: Part 1
Today I met with an entrepreneur in the travel space that kept reiterating that they wanted to grow organically and without burning money. The “startup” wanted to take it’s a offline business model of booking air tickets, where it earned a respectable profit – online. Coming from a strong referral I spent a couple of […]Read More The math of early stage venture capital
Each day brings with it an opportunity to learn and share. So today I will share my view on why asking an investor to sign an NDA before sharing your deck is stupid, ridiculous and foolhardy – this blog post has been inspired from events that took place mid-day today. First, let us all be […]Read More Boss, I won’t sign an NDA!