Z47
fund on 1 show · 12 statements across 1 episodes · said 25 times in 3 episodes since 2025
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the Neon Show 25
2025 25 mentions in 3 episodes 8 per episode
- 10 Unicorns, 5 IPOs, 26 Acquisitions – India’s OG VC, Avnish Bajaj On Why Only Founders Matter
- How To Hire, Train & Retain Talent To Build A Great Company | Vijay Rayapati | Khadim Batti
- Can Neysa be India's AI Cloud alternative to AWS, Azure & Google Cloud? | Sharad Sanghi
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12 statements about Z47, every show
Bajaj: Rejecting great founders over market doubts causes our biggest misses
“Every time we have violated that principle, it's our anti-portfolio. Every time we have followed that principle, it's a great hit in our portfolio. So Ola, we didn't believe in the market. We believed in the founder. So we have a line internally when somebody …”
Bajaj: Z47 passed on Swiggy due to a portfolio conflict
“Swiggy where, you know, he emailed us proactively, but we already had a competing investment.”
Bajaj: Z47 never joins competitive rounds, strictly choosing to preempt or pass
“We are never market participants. We are never participants in market rounds. Very, actually never. We are always, so we have this concept of P to P. Okay. There should be only two answers to a deal situation. Preempt or PWC, which is pass with conviction. The…”
Anil Goteti returned investor capital after US-India SaaS venture stalled
“So when Anil Gotti was starting his second company, he wanted to do U.S. India SaaS, even though the founder market fit was questionable. And we told him, And he said, no, e-commerce, whatever. And was not looking in the direction of getting the product market…”
Bajaj: Experienced founders avoid market risk and focus more on distribution than product
“What experienced founders do differently? They generally don't take market risk, right? They will go after deep markets business. It's much easier to build businesses in deep markets. Okay. Having built a company once, they will typically be very profit driven…”
Bajaj: About half of Indian startups valued over $500M have experienced founders
“When you looked at fast forward to today, about 50%. So they are, I think the 500 plus are 150 or whatever similar to the unicorn number because the 500 to one billion is not that many. And more about half are experienced founders.”
Bajaj: In 2016, only one Indian startup over $500M had an experienced founder
“So actually the number was in 2016, the number of companies worth more than five hundred million, worth 13, and one was from an experienced founder.”
Bajaj: Z47 measured investment team productivity on meeting volume until 2016
“Until 2000, 15, 16 they used to get measured on coverage. And you know, we had some review meetings where people would say, how many companies have you met and this, that. So it created what we call a met culture meeting. The quality of the meeting may have be…”
Bajaj: Founders frequently lower their valuations to include Z47 in rounds
“Generally, we are not the highest price payers... Often what happens is our peer group is paying much more. And then we will tell the founder, we are not in at that price and believe it or not, the price actually comes down. It doesn't come to our price or it …”
Bajaj: Z47 discusses people rather than deals in Monday partner meetings
“And by the way, in our Monday meetings, we discuss people, not deals.”
Bajaj: Repeat founders give time to VCs only when they learn something
“My bet is that if you feel that you will learn something, you'll give your time. So that's the bar. The founder has to feel that they will learn something, right?”