Sramana Mitra: You said you invested in eight companies from the first fund and then continued to invest in those eight. Let’s talk about some of them. I want to get a flavor of the kinds of companies that drew your attention. Mohanjit Jolly: We have a concentrated portfolio strategy. Most of the folks who
Mohanjit Jolly, Partner at Iron Pillar, and a long-time player in the Indian startup ecosystem discusses Exit options for Indian startups and other topics. Sramana Mitra: I know you’ve been in the industry for a very long time and have been following the evolution of the Indian venture capital ecosystem for a long time. Let’s
Sramana Mitra: We are big fans of capital-efficient businesses that are not necessarily chasing unicorns. Partly, the problem I have with this unicorn chasing is flushing these companies with too much capital. Then the exit bar is so high that companies end up in this twilight zone where they’re burning too much cash, can’t raise
Sramana Mitra: Sometimes when you’re in a fundraising cycle, you may not be quite ready for the investor to write the check, but you build the relationships and show traction. At some point, it will converge potentially if you know what your target is. Pawel is explaining that the target is $50,000 MRR. If you
Pawel Maj: We would like to have about 10 to 15 companies in our portfolio at any given moment. We like to get hands-on since our history comes from the private equity market. For pre-seed or seed, we invest smaller tickets but much in larger number of projects to spread the risk. In our case,
Pawel Maj, Investment Director, Warsaw Equity Group, discusses post-seed and pre-series A funding in Eastern and Central Europe in the context of his firm’s investment thesis. Sramana Mitra: Tell us about what’s up in Poland. You are in a semi-warzone. What’s happening with the startup ecosystem? Pawel Maj: The war is in another country, but
Sramana Mitra: You would invest in somebody who has great talent and great domain knowledge if that person is proposing something in that domain where the problem is identified. Isn’t that a concept stage investment in a very talented person? Cameron Kramlich: Sure, it would be. Looking at somebody who has a general area they
Sramana Mitra: I’ll give you a bit of my comment. We see a lot of investors and we see a lot of entrepreneurs and their needs. One thing that I really like about what you’re saying is there’s a tremendous bias in the industry against solo entrepreneurs. The truth is a vast majority of entrepreneurs