So, Where do you meet startups?

I get quizzed on this by people outside of the VC/Startup/Angel ecosystem – and some of them wonder if it’s easy to find good startups. Like most early stage investors, I am a bit vague when asked about deal sourcing – “it depends, variety of sources like conferences, friends, family, bankers” -is my common refrain.

I guess the moot point is where you find good deals. Many investors (myself included) love Linkedin referrals – specifically from second degree connects where the intermediary is someone we trust and respect (ex-colleague, ex-college-buddy). I confess – I am a Linkedin addict;  and after  seeing thousands of profiles over the years, it’s amazing how in 2 minutes one can get a fairly good idea of a person’s pedigree, achievements, and personality. And by extension whether this meets the first ‘smell test’ of a startup attractiveness – eg ex-Flipkart, IIT/IIM, cool AI/Machine-learning, SaaS based offering for Fintech in India (this my Bay Area friends is the equivalent of Stanford MBA, ex-Google/Facebook, Palo-Alto based, SaaS-play).

So, a bit of advice for startups seeking funding – spruce up your Linkedin profiles! Make it content- and context-rich. Exude good digital body language. Talk about everything that you did in your career and even at college – and definitely don’t shy away from talking about failures.  Investors love founders that have already learned from past mistakes and are leveraging these experiences for good use.



About Devang

Angel Investor, Sports Enthusiast, Voracious Reader, Chess aficionado, and more...
This entry was posted in Sourcing deals, Startup attractiveness and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s