1Mby1M Virtual Accelerator Investor Forum: With Rahul Chandra, Managing Director at Arkam Ventures (Part 4)

Rahul Chandra: I very strong selection criteria that have a lot to do with growth. Growth is a big factor. Let’s say I’m part of a micro-finance investment cap table. My response is, in India, if you’re not doing things with the right scale, it’s not going to mean anything.

It’s a lot like how impacted investors invest which is not expecting the same financial metrics to come too soon. You give companies time to grow. In that interim, things look crazy.

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From Hardcore Techie to Unicorn Entrepreneur: Dheeraj Pandey, Founder of Nutanix (Part 4)

Sramana Mitra: What was the size of your Blumberg Capital round? What milestones were you able to achieve with that?

Dheeraj Pandey: It was a million and a half. Word spread out that three Aster Data people had started a company. Lightspeed came within 10 months and we raised a $10 million round and converted the safe. We were trying to use our skills to try and build a distributed system story around one of the favorite movements at that time – virtualization.

1Mby1M Virtual Accelerator Investor Forum: With Gans Subramanian, Managing Partner at Hourglass Venture Partners (Part 2)

Sramana Mitra: Let’s do a couple of examples to illustrate what you’re saying with some more visceral understanding. Pre-seed is a very interesting field of investment. There aren’t that many pre-seed funds.

Gans Subramanian: There’s another company in the cybersecurity space. These founders have a clear view of the problem. They are technical founders and have a path to $100 million in 24 to 36 months. This is pre-seed. The founders have been talking to us for the last six months.

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Catching Up On Readings: Venture Funding in Q1 ’22

This report from Crunchbase News analyzes the trends in venture funding in the first quarter of 2022. There were 34 private companies newly valued at $1 billion or more in a disclosed funding in March 2022, compared to 49 in February and 46 in January. For this week’s posts, click on the paragraph links.

1Mby1M Virtual Accelerator Investor Forum: With Rahul Chandra, Managing Director at Arkam Ventures (Part 3)

Sramana Mitra: How many of those 11 investments are in EdTech?

Rahul Chandra: Just one so far.

Sramana Mitra: Do you want to talk about that?

Rahul Chandra: We have not announced this one, but I can talk about it. The premise is similar to what I’d said. There is a two-dimensional, non-interactive nature to online classes. Online classes is an outcome of COVID with schools shutting down. The best possible solution was a video class with very little interaction.

Colors: Surf Moon, Montara

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today –  Surf Moon, Montara

Surf Moon, Montara | Sramana Mitra, 2020 | Watercolor | 9  x 12, On Paper

From Hardcore Techie to Unicorn Entrepreneur: Dheeraj Pandey, Founder of Nutanix (Part 3)

Sramana Mitra: Going from a techie to an entrepreneur, I presume you did a lot of founder-led selling. What was that transition like?

Dheeraj Pandey: One is just humanism. Business is about people. You have to connect with people. Difficult words like negotiation – if you replace this with building trust, it’s much easier. People want to give you a chance if you are authentic. At the same time, this idea of not overpromising but underpromising and overdelivering. That’s the way we built trust.

1Mby1M Virtual Accelerator Investor Forum: With Rahul Chandra, Managing Director at Arkam Ventures (Part 2)

Rahul Chandra: One of our companies is called Jar. There is a very big question about whether the segment of 400 million UPI users that Jar is targeting and investing for is just a dream. For them, investing needs significant capital saved in the bank. India is a credit-hungry market. Are people even thinking about saving?

We took that chance with Jar. Jar has built a product that allows you to download the app, open it, do a login, and come out in 45 seconds with even one Rupee saved. Jar married these two concepts which are lower than what is considered an investment. It’s in gold but it’s in digital gold. The transaction is super friction-free. It’s almost like me saving so smooth that people feel great about it. It, very quickly, becomes a habit.