Everything Bipin Shah said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Shah: Titan Capital focuses partner bandwidth on bottom 50% of portfolio
“Our thesis is to focus on, to be frank bottom 50% companies in portfolio.”
Shah: High-quality Indian seed valuations jumped to $8-10M pre-money
“Valuation for obvious deals has gone from two, three million dollar to eight to ten million dollar free money.”
Shah: Seed partners can write 50+ checks yearly, Series A only 7-10
“If you are a series AVC, then in a year you can write, each partner cannot write more than Seven, eight, 10 checks because you have to, you have limited bandwidth and all those dynamics, but as a seed investor partner I can write 50 plus checks and I can alloc…”
Bipin Shah: Seed Startups Need Investor Time More Than Money
“For first two, three years of venture more than money our portfolio companies need a lot of time and that time where investor need to help them on PMF what should be how to focus on the right TG and what should be our North star metric.”
Bipin Shah: Fleetx, Labelbox, and Teachmint Will Cross $100M ARR
“Companies which I see will be like grossing more than a hundred million dollars in next five years, three years, or 10 years. I think we are very sure about companies like Hello Messenger Labelbox FleetX. I have made a note. And again in SaaS, if we can see th…”
Shah: Titan Capital avoids director seats, preferring silent observer status
“In fact, Titan has thesis to taught or to in fact, not join any board as director also. We generally join as observer and we remain very silent.”
Kunal Bahl and Rohit Bansal Began Angel Investing in Mid-2011
“When I joined, he had already invested in Ola, Urban Clap, and Razorpay out of six unicorns in our portfolio. Three, he had already invested. They started investing mid 2011 Agrostar and Ola were first investments.”
Titan Capital Backed 248 Companies, Making 90 Investments in One Year
“And now we are in two 48 companies. So I just checked the number to be disclosed here. So, and last year also we have done some 1992 investments”
Shah: Titan Capital evaluates 3,500 to 4,000 startup pitches annually
“So if we combine all of them, then it's definitely around 3504 thousand, definitely, because we have a good pool of interns also, and it's their responsibility to keep going through them.”
Shah: Titan Capital invests in one to three of ten weekly meetings
“If I meet 10 companies a week, we end up investing two. Maybe I would be discussing with Kunal and Rohit, maybe three or four companies. Out of 10, I am meeting a week. And out of those four, we end up investing in one to two or three, depending on whether the…”
Bipin Shah: Titan Capital has seen around 22-23 shutdowns or principal-only returns
“So if considering first case and second case or third case, there would be around definitely 22 to 23 companies Yeah, which would have sat down, or we would have just got the principal back, combining both of them. It will be around 22.”
Shah: Titan Capital deploys only proprietary capital from Kunal and Rohit
“We are not a fund structure where we have external capital. This is purely Kunal and Rohit prop proprietary capital. And so that is the reason we had to keep exiting from mature companies.”
Shah: Titan Capital's 2021 seed checks averaged under 90-100 lakhs INR
“Last year, all the seed checks we wrote were ranging anywhere between 50 K to maximum 300 K. We have done 300 K also, but average would be around, you can assume average would be around maybe 9000 lakhs maximum, not more than that.”
Shah: Titan Capital's average seed valuation was under $2M through 2019
“Our average valuation at which we were writing checks used to be 13, 14 crore rupees. Okay. Not more than two million dollar average valuation till 2019 calendar year.”
Ola took four to five months to raise its initial angel round
“His job profile in 2011 12 was to create presentation for Ola to raise their seed round, and their office was in Dreams Mall Bombay. And I used to discuss with him, they, it took them four, five months to raise their, that Indian engine network, Rihani R. Khan…”
Shah: Kunal Bahl's paranoia and restlessness drive constant startup innovation
“What I have learned, especially from Kunal he's very paranoid and it's very difficult to calm him and stabilize him. You know, he, he's always thinking that he's missing something and he figures it out and then he comes up with a lot of new ideas.”