Angel investment for early stage start-ups
Event Description
This webinar revolves around providing detailed information about the working of Indian Angel Network(IAN) and answering questions raised by the viewers. IAN is a network of more than 500 Angel investors that are keen to invest in the early stage businesses of different domains. Seed money to push the startup is very essential for any budding entrepreneur and it has been seen that due to lack of the seed money many startups have been failed at the first step only. To solve this issue IAN provides investments in early startups. Apart from monetary investments IAN also provides high quality mentoring, vast networks, inputs and execution. The huge network of Angel Investors is very experienced and hence they can assess the potentials and risks at an early stage.
Date : 06-05-2020
Time : 04:00 PM - 05:00 PM
Venue : Zoom Platform
Speaker Name : Mr. Digvijay Singh
About Speaker : Digvijay is a professional with 20 years of experience in leading companies across sectors. Digvijay has continuously built sales / distribution model from scratch in virgin territory and scaled it to national levels. Starting with offline product company, Apollo Tyres, he built the company’s distribution organisation in the newly formed state of Uttaranchal which was earlier driven by dealer network. While, he built this business in an entrepreneurial model, it is now well entrenched in the state. From tyres to Insurance, Digvijay helped build the Distribution Network of ICICI Lombard GIC Ltd. The network included direct, agency and dealer distribution models. Again, he led from the front & built the team which took this distribution network national. Digvijay evolved with the digital environment and led the retail network of brokers in the NCR area for Magic Bricks.com. He was quickly awarded the Best Zonal Business Head for Q1 of 2014-15 . He was recognised with the responsibility of a national role to lead a 200 person fleet-on-the-street model with a management team of 15. With the startup ecosystem growing in India, Digvijay decided to swivel his career and joined Indian Angel Network , as Vice President moving himself from a corporate executive to a player in the entrepreneurial world. IAN is India’s first and the world’s largest angel investor group with close to 500 investors from 11 countries, over 125 company portfolio and growing, based in 7 countries across 17 sectors. Digvijay led deal origination nationally while building the South India operations of IAN as well. Within a year, Digvijay moved to the helm of IAN as COO (Chief Operating Officer). In addition to building the deal flow engine, he is now responsible for investor / member engagement, shortlisting & curation process, building robust processes and frameworks, portfolio management and brand building. Digvijay is a Management graduate and a hands-on business builder.
WEBINAR SUMMARY: ANGEL INVESTMENT FOR EARLY STAGE STARTUP
SPEAKER: Mr.Digvijay Singh(COO, Indian Angel Network)
Moderator: Mr. M Nagarajan(IAS) and Mr.Hiranmay Mahanta
Date and Time: 6th May, 2020; 16:00Hrs.
General Summary:This webinar revolves around providing detailed information about the working of Indian Angel Network(IAN) and answering questions raised by the viewers. IAN is a network of more than 500 Angel investors that are keen to invest in the early stage businesses of different domains. Seed money to push the startup is very essential for any budding entrepreneur and it has been seen that due to lack of the seed money many startups have been failed at the first step only. To solve this issue IAN provides investments in early startups. Apart from monetary investments IAN also provides high quality mentoring, vast networks, inputs and execution. The huge network of Angel Investors is very experienced and hence they can assess the potentials and risks at an early stage.
Overview:
IAN works on the agenda of MMM: Money, mentoring and Market access. The Angel investors are majorly those successful people who started their journey without anyone’s help and are now ready to payback to the society by investing in early startups and make more money.
Some of the very successful entrepreneurs like K.Gopalakrishnan (co-founder of Infosys), Ajay Chaudhari (co-founder of HCL), Arun Puri from India today, and many more are a part of IAN, thus making it very networkable for any young and budding entrepreneur.
Indian ecosystem yet lacks the maturity of foreseeing the risks and benefits of an investment unlike other countries. Hence, when an innovator decides to grow on the wider basis and when they need investments for the same, IAN can be their go to option.
Some of the success stories of IAN: Dhruva Software, who pitched IAN for about one crore back in 2009, had a vision to expand themselves in their city or state. The experienced Angel Investors found the true potential of their company and expanded their potential worldwide hence making it a billion dollar company today.
19 investment failures faced by IAN till now are majorly due to the low aspirations of the entrepreneurs. Therefore, ones vision is the most crucial factor for success.
60-65% of the IAN investments are based on the potential of the team members and not only the product. Angel Investors say that they are willing to invest in an A-class team and a B-class product rather than investing in an A-class product and a B-class team as team members are crucial for execution. They assess for the aggressiveness, vision, and caliber of the team members of the startup, how unique is the product, if it is patentable or not etc factors.
IAN is the only global group which do not charge a single penny from entrepreneurs for raising funds, getting investments or mentoring. It is a cost-free process with absolutely no hidden charges.
There are 30 to 50 Angel investors that will invest in a startup of 1 crore to 5 crore rupees range, but the entrepreneurs has to interact with only 2 or 3 lead investors.
IAN is a very high risk high gain parameter. Hence, the ones that can put a minimum equity of 50 lakhs can be recommended to be Angel Investors and are advised to invest about only 15% of their investible income in this.
The IAN has a wide number of domains and are active in almost all the fields. WOW momos, Webengage, Agritek, Gokuf, biotech company Pandorum etc are some examples IAN has invested into.
The age or the background or education doesn’t matter for the angel investors to invest. WOW momos is a successful company run by the founder who is twelth failed. So only idea only matters, not age or education.
Style.me(by CEPT and IIM students) is a startup funded by IAN whose first seed money rupees 10 lakhs was given by Gujarat Government.
IAN would soon love to collaborate closely with the Gujarat Government. They willpickup and filter out the best startups at the initial level to get funded by IAN and to help them build their product.
