I am starting a new section for my blog. Every Monday, I will share my favorite early-stage startups that have raised money (i.e., <Series C) in the last week. This exercise is a win-win on several levels: It helps me develop the right habit of reviewing deals that took place last week. I am going […]Read More My Funding Picks for Last Week (W47)
An interesting phenomenon has been noticed in startup presentations over the past few weeks. Founders have come up with innovative ways of showing large numbers that have nothing to do with what counts as revenues to the startup. Let me share a few examples with the explanations as provided. Gross Transactional Value: this the value […]Read More Fluff Metrics
No, this isn’t what you think it is! Or is it….Read More KISS for your Investors
2018 started off with a bang for Artha India Ventures. 4 of our portfolio companies successfully raised new rounds with pre-money valuations of more than $5 million. As a team, we are very happy with the solid multiples that we received on our investments and it validates our thesis of getting in early, building solid […]Read More Why We Must Become that Asshole Investor (from time to time)
At a personally & professionally challenging time in the 2nd quarter of 2016, I went out and stayed at Damodar Farms in Vapi for a short while. The serene setting of a farm, farm-fresh vegetables, raw milk and Mahatma Gandhi’s The Story of My Experiments with Truth allowed me to cleanse my soul and reset internally. […]Read More Farming as a Service
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!
This was one of those weeks that reminded me why I love my job so much. I am lucky to have access to some of the brightest entrepreneurial minds in India (possibly the globe) working to build powerhouses that are revolutionizing traditional industries. Every day, I learn about problems that my business is facing and […]Read More Enterprise Building 101
Money managers that ignore India from their global ambitions are missing out the biggest wealth creation opportunity in recent memory!Read More Does India Exist Outside the Globe?
Many founders, angel networks, brokers, co-investors and others who we interact with ask us why we take so much time doing our due diligence so here is my answer to that. Our due diligence processes are lengthy, arduous, irritating and most importantly slow – that is by design. Due diligence like the word itself says […]Read More Giving my due on due diligence
Monday’s post, the math of early stage venture capital sparked off interesting debates on various forums. Generally, there is a belief that 268x return in 7 years is unrealistic, many conjectured that early stage VCs expected lower returns, some made the argument that 20% irr was the return expected from a VC (answer to that […]Read More Part 2: Early stage investment math – the rule of 3x