Everything Abhishek Rungta said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Angel investors face a 'valley of despair' between years three and seven.
“Once you invest in a company and the company would take 10 years to build. Right. And the interesting thing is that the successful companies will only give show start showing results after five to seven years, but the companies which are not going to survive w…”
Compressing startup evaluation into brief pitches harms both founders and investors.
“The time that you need to really understand if this is my right, this is the right investor for me, or if this is the right founder for me, that has almost come down to a 15 minute, half an hour, one hour pitch. And this is not great in my opinion. I think you…”
Seeking dividend yield in early-stage startups was his biggest investing mistake.
“We were also thinking about, you know can we invest in a company and see about dividend yield? And that was our that was the biggest mistake we did. We invested in a company where we thought we will get some dividend yield and you make, and you learn through t…”
Rungta: Investors must complete full investment cycles to master the craft
“It is very important, you know, whichever business you are in, unless you complete the cycle, you don't understand how this whole thing works, and you can't get the impetus to go to the next level.”
Rungta: Personal portfolio targets 50% debt, 25% startups, 25% public equities
“And I kind of figured out the 50, 50 formula, that 50% debt, 50% equity. And from that 50% equity, half should go into startups and half should go into you know the traditional businesses into stock market.”
Rungta avoids idea-stage investing, preferring second checks due to compressed timelines
“In this sprint of investing, I'm not able to really invest a lot of I mean, a lot of times I'm not able to invest in startups with just an idea stage. I mean, I would love to do that in startups, which is very early, but right now I have to look at a startup w…”
Rungta: Bootstrapped Indus Net generates around $11 million in revenue
“So starting from almost a negligible amount of cash, we built a company which is, which currently does around eleven million US dollars in revenue and very decent healthy profit margins.”
Rungta: Seeders backed Cropin at the idea stage and exited around 2021
“Another, another, another very big an interesting deal we did was at that time was cropping. They used to call themselves cropex. I think this was the second or third deal we did. And you know, I still remember that we did the deal at Pallav's house almost lik…”
Abhishek Rungta invested in roughly 70 US startups in 18 months.
“I kind of invested almost like 70 odd companies in a very short period of one and a half year from them. Some of them would direct some of them through other leads.”
Rungta outlines his portfolio: eight exits from 28 deals over eight years.
“Around 30 odd deals that happened between 2000 10 to 2017, 18 I have got that that was around 28 odd deals out of which I have got honorable great exits in around four of them. I have got honorable exit in around another four of them. So eight. ... 10 X is a s…”
Rungta passed on angel investing in OYO doubting its Airbnb-like model.
“So I think one was, I think, Oyo I think I met Ritesh in Delhi in a Thai conference we discussed and I could not you know, I could not make up my mind that, you know why would someone sleep in someone else's house? Because earlier at that time, it was a differ…”
Rungta passed on early Freshworks because he exhausted his angel capital allocation.
“Someone, someone came and said that, you know, do you know someone is coming out of Zoho and starting a company, you know, and he's raising funds. Would you like to speak to them? And I said, you know, I have done a lot of investments and I think I am out of t…”
the Neon Show 3