There are many controversial topics swirling at the moment: Bootstrapping vs. Blitzscaling, Concept Financing, Applying to Y Combinator, and Bootstrapping with a Paycheck. In this article, please find links to specific discussions on each of those topics. You are most welcome to weigh in. Remember, Entrepreneurship = Customers + Revenues + Profits; Financing and Exit
First time entrepreneurs, for the most part, do not qualify for Concept Financing. If you are hitting up pre-seed VCs in search of Concept Financing, you are wasting your time.
Shripati Acharya: I was talking to an entrepreneur yesterday. He was talking about why they turned down a chance to raise a lot of money. One is that the structure of the company changes if you raise $10 million instead of $3 million. Sometimes, there are opportunities like that because we have oversubscribed rounds. There
Sramana Mitra: What did Cuivviv come to you with? Shripati Acharya: They actually had the product. They were seeing initial traction. They might have had a hundred thousand questions in total. Today, a billion questions are solved on the platform. What I really liked about it is, they had an understanding and connected with the
Sramana Mitra: You’re based in Bangalore? Shripati Acharya: That’s correct. Sramana Mitra: Do all the companies need to be in Bangalore? Shripati Acharya: Most of our companies are in Bangalore. We do have companies in Delhi. There is more effort to do that. We have to make that extra effort.
Shripati Acharya: The reason we say we’re the first institutional check is that we are fairly comfortable in ambiguity in the company. This dovetails into your second question, which is what we are looking for. We are looking for a thesis from the entrepreneur – a conviction of what they’re trying to build, which exhibits
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Shripati Acharya was recorded in April 2019. Shripati Acharya is Managing Partner at Priven Advisors, advising Prime Venture Partners, a firm focused on core technology ventures in India. Unlike most VCs, Prime
Sramana Mitra: Also, your sales cycle was already in full swing. If there are 100 customers engaged in the developing of the product, that means that as soon as the product is ready, a good percentage of those are ready to buy. If you have product–market fit, a good percentage of those are ready to buy.