Sramana Mitra: I make a very clear distinction between real unicorns and pseudo-unicorns. The problem is there are a few unicorns in the market that are legitimate and it’s full of pseudo-unicorns. Sunil Bhargava: I agree. It’s always interesting to hear those stories. They’re very educational into what is what for them. A friend of
Sramana Mitra: Sapience was our portfolio company as well. What about the more recent ones? What have you invested in the last couple of years? Padmaja Ruparel: There is LogiNext which is in the logistics space partnered with Sapience. If you look at FarEye, they are tracking logistics. This is a completely real-time tracking system.
Sramana Mitra: There’s a lot going on in Vancouver, especially because the Visa situation is a much easier one in Canada. What are some of your notable companies? You’ve mentioned a few along the way. Have you had exits, for instance, that you want to discuss? Sunil Bhargava: It’s too early for big exits. In
Sramana Mitra: What you’re pointing out is the fact that even though people believe that entrepreneurship is about risk-taking, successful entrepreneurship is about calculated risk-taking and risk-mitigating. Susan Mason: Absolutely. You have to decide what your objectives are – the risk versus the wealth equation. The early employees take the highest risk. You need to
Sramana Mitra: Let’s talk a little bit about geography as it pertains to IT and IT-enabled services. That includes healthcare IT. Our audiences are focused on IT-enabled services. One core algorithm that we have picked up from the way Indian investors are operating by working with them is that they like all the SaaS, cloud,
Sramana Mitra: The numbers that you quoted like $1 million to $2 million investment in a $5 million round, from the universe that we operate in, people are not ready to raise a $5 million round before a Series A usually. That’s what I find a bit confusing in how you position yourself as a
Sramana Mitra: If you do that capital efficiently and exit into a large company with the channel that has all those different verticals that they can access, you could conceivably broaden that portfolio and the acquiring company then gets a lot of leverage out of that platform. Susan Mason: Indeed. What we’ve seen is that
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Padmaja Ruparel was recorded in December 2017. Padmaja Ruparel is Co-founder, Indian Angel Network (IAN), and Founding Partner, IAN Fund. She has been a key player in shaping India’s still somewhat nascent startup eco-system.