Sramana Mitra: Very well. It’s definitely the age of the incumbents these days on the B2C side. Nihal Mehta: Consumer venture funds are actually going down in size because gone are the days of Instagram, WhatsApp-like billion-plus acquisitions. Google and Facebook will just try to build it or buy it before it gets big enough.
In case you missed it, you can listen to the recording here:
Sramana Mitra: How did this entrepreneur find you or how did you find him? Krishna Srinivasan: It’s the old myth of this business, which is you need a strong recommendation to be able to get to a venture firm. He just cold emailed us with his back story. We brought him in. We introduced him
During this week’s roundtable, the first of 2019, we worked on three wonderful pitches, and had a productive discussion on each. All three entrepreneurs are serious, realistic, receptive, and thus, the discussions were meaningful and impactful. Astreal First up, we had Prateeksha Satyamoorthy from Bangalore, India, pitch Astreal, a virtual tradeshow platform that I suggested
Sramana Mitra: Can you double-click down to the point about seed? What is your definition of seed? What needs to be in the venture for this to qualify as a seed investment? Nihal Mehta: That’s a great question. Typically, the team has been built out and there’s a product prototype. There’s some usage on the
Today’s 426th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, January 3, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click here to join. All are welcome!
Today’s 426th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, January 3, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: What you’re pointing out about repeat entrepreneurs versus first-time entrepreneurs is interesting. The vast majority of our community is first-time entrepreneurs. I always say this. If you are a repeat entrepreneur with track record, you can get away with a lot. You can do a fat startup with somebody writing you a check.