Tables Turned as 12 Investors Sold Themselves to Entrepreneurs
They have a dedicated team to help portfolio companies to hire great talent. Talking about education sector, Gautam from Sequoia says that it has been tough globally to scale education business that is why they don’t focus on that sector.
Angel Investors Panel - Srijan Capital (Ravi Trivedi), Anil Joshi (Mumbai Angels), Paul Singh (500 Startups) – Ravi Trivedi from Srijan Capital says, “Unless you quit your job and show commitment, we are not interested.” Regarding NDAs, Anil Joshi from Mumbai Angels says, “If VCs keep on signing NDAs, they wouldn’t be able to focus on their job which is to evaluate 1000s of plans per year.” On difference between angel funding and incubating, Ravi explains, “In angel funding, we want entrepreneur to make the decisions but in incubation, we are like co-founders so we want to have stake in decision making.” Paul Singh of 500 Startups says about advantages of coming through an accelerator, “Difference between a bootstrapped startup and one coming through an accelerator is the benefit of just a proof point. He advises startups to stay focused and be really good in one thing and later on diversify in 15-20 verticals. Clearing the doubt about drawing salary, the angels commented, “When you are funded by angels, yes you as a founder can draw salary.”
