Summary of an interesting discussion with a VC
First 77cr ++ ; second 300cr; overall 450 cr
2) Works very closely with founders for first 3-4 years
a. Understands founders motivation very deeply
3) Does not think high revenue per employee saas companies can be built from India; most product companies building for India end up having a services angle
4) Consumer brands – Brand is a premium over the others; brands take a long time to build trust ; “Maggi” as example
5) Ott – regional ott was bullish; set top boxes going down
6) Angel investor should invest equal amount in all companies; never for monetary returns; rather invest if passionate about a subject and want to engage deeply with founder
7) Consumer social not bullish; hardly any positive outcome
8) Very thin layer of paying users in India
9) India venture outcomes will be very different from us
10) Likes consumer brands because MANY, smaller (more feasible) exits based on smaller amounts invested
11) 300cr ; 30cr fees 1% structure; 270cr 120cr first cheque, 150cr follow on
12) Believes the economic model of VC will change in India
Many companies (80 out of 100) need to grow into their unicorn valuation; 20 of these 100 could see some returns
2/20 could no longer work
Comments