Business Roles13mo
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Curated from across
MagicalBoba
Apple21mo
Who are the top VCs in India, partners or funds you respect
ZoomyTaco
Stealth21mo
There’s very few who have continued to stay humble
I’ll leave my own fund out of this - but the following people have good cred:
- Shekhar Kirani - Accel
- Manish Khetarpal - Waterbridge
- Samir Sood - Venture Highway
- Rajan Anandan - Sequoia
SleepyNugget
Amazon21mo
Have heard great things about Shekhar and Rajan from all corners. Not hard so much about the other two. Need to read more
GoofyPancake
Stealth21mo
- Please share a glimpse of a 'day in your life'?
- Weekly hours / work life balance review
- How did you know VC is the profession for you?
- How much of your time goes into deal sourcing?
- Should I do entrepreneurship after VC or the other way round?
ZoomyTaco
Stealth21mo
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Meeting with new founders, speaking with portfolio founders and some expert calls / org building
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Lean market is 8 hrs, active deal days can tax you up to 12-16 hrs - it’s about getting shit done
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I like talking to people, VC is a sales job and I like to think I’m okay at it :)
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It’s not so much time that goes into it, anymore, everything is in place - much harder for the junior folks
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There’s evidence of success in both, but I think builders should continue as builders, builders as VCs are not as effective
JazzyBurrito
Google21mo
Holy shit. 12-16 hour days. I’ve never worked 10+ hours in my life maybe :( respect 🫡
ZippyNugget
Student21mo
How to break into VC straight after undergrad?
ZoomyTaco
Stealth21mo
I would recommend you don’t - get your grounding in consulting/startup/IB before breaking in, you’ll be grateful for the training you get there and will have a better career start in VC
SqueakyHamster
Stealth21mo
Is it okay if you invest in a startup once that ends up getting 7x valued more than what you invested by notable investors for follow-up rounds; learn tricks of the trade and then get into it? What are the chances of lending a good job and package at well reputed funds if you're a tier 2 college dropout?
JazzyBurrito
Google21mo
PerkyCupcake
Swiggy21mo
During the bull market, how many of your investments were fomo driven vs thesis driven?
ZoomyTaco
Stealth21mo
I would like to say none - but it would be very self-serving :)
I am sure all VCs think no investments they made are driven just by market sentiments, but you are playing in a field where valuations are getting spiked - now at a fund level, individual first check valuations do not end up making a large dent if it’s a unicorn so it’s fair
I think valuation wise everyone paid premiums in the bull market, but it can still all work out
Unless you did that Pre-IPO - then you might be in for getting royally screwed
FuzzySushi
TCS21mo
What are your earnings per year, and how much of it depends on the success of the companies you're investing in?
ZoomyTaco
Stealth21mo
50 LPA fixed + variable
A large portion of potential earnings is tied as part of the firm’s profits, think of it as ESOPs that vests over 4 yrs
So that money is received after the completion of the fund, which is 10-12 yrs :)
Success of portfolio founders is the difference between being a millionaire and being a billionaire as a VC
SqueakyHamster
Stealth21mo
Didn't quite catch the last line?
FloatingPanda
Amazon21mo
Is it calm before the storm? are we going to see more layoffs/startups shutting shops?
reason- most of the companies did layoff to conserve cash, but soon they’ll run out of cash, and when all of these startups are in the market at same time to raise capital, the survival of fittest kicks in…
FloatingPanda
Amazon21mo
What measures do you have in place to ensure that the companies you invest in prioritize ethical practices and social responsibility, and how do you hold them accountable for any violations?
essentially something like gomechanic/byjus/ftx doesn’t happen again?
ZoomyTaco
Stealth21mo
We have someone internally responsible for overseeing all investment numbers beyond the investment team itself - they give us an objective view of everything as such and flag these
A good mental exercise is when your portfolio company posts good numbers - just ask how are they driving it, what levers are working - something clicks there
ZippyBoba
Stealth21mo
What do you think about shark tank?
ZoomyTaco
Stealth21mo
I wish they had an option to pick better jury members - would have loved to see Sanjiv Bikhchandani, Binny Bansal, Vijay Shekhar Sharma
The current jury I think will get there, but some more mileages is needed
Also, the other problem I have is with re: romanticism of entrepreneurship, I think a lot of people are starting up without understanding what it means to start up and build a large business
They read Inc42 articles, watch Shark Tank, read success stories, listen to podcasts and then think okay this is why I will be a unicorn - hard work done 😓
GoofyBoba
Stealth21mo
What are your thoughts on Grapevine (this app) - would you consider putting a bet on it
ZoomyTaco
Stealth21mo
Hahaha - depends on the target market, very unlikely for India alone
Also don’t know much about the founders as well - but giving them the benefit of doubt
If this is a India++ product, would invest
