Everything Shanti Mohan said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mohan: In startup marketplaces, founders are the customers, not investors
“At the end of the day, in a nutshell, the founder is our customer, right? Because in my mind, the investor should not have a preference of which platform he invests through as long as he gets access to the best transactions on the platform in a very regulated,…”
Mohan: Angel investing in India cannot be purely automated via software
“India is not a do it yourself market for that, right? Investors still want to hear a voice. They still want some help when they're making an investment. And I think that somewhere we under emphasize the value of the angel investor, right? Because it is a large…”
Mohan: Top 50 ecosystem influencers control early-stage deal access in India
“It is a pyramid, right? And there are about top 50 influencers of the ecosystem who get the intelligence, who get access. They may not be investing in all the deals, but among that 50, the coverage is pretty wide, right?”
Mohan: New angels should meet 15-20 founders before investing
“Before you write your first check,
Talk to at least about, you know, 15 to 20 founders before you go and write your first check to a company. And the second is to follow the thesis of existing active lead investors, right?”
Mohan: Angel investing prioritizes scalability and next-round fundraising over profitability
“The angel investing evaluation is based on a very different evaluation. It is not about just about profitability of a company. It is also about the ability of the company to go raise their next round, the ability of that venture to scale.”
Mohan: Only 2% of startups applying go live on LetsVenture
“So that ratio is about two percent.”
Mohan: Angel investors require non-linear returns, not 2x over 10 years
“An angel investor invests in your venture because he wants non-linear returns. If you're going to tell him, I'm going to give you two X return in 10 years, It does not fit the definition of angel investment.”
Mohan: India's angel platform market is not winner-take-all
“I think we both play a complementary role because this is not a winner-take-all, right? This is a market where there will be multiple players.”
Mohan: Half of LetsVenture's investors are first-time angels
“Today, if you look at Let's Venture, we have about 50% of investors are new investors.”
Mohan: Avoid anyone promising guaranteed angel investment exits
“So nobody, and if somebody tells you that he's going to guarantee you exits, I would tell the investor stay away from them because even a very good VC, very good investor does not know because there are other factors outside the company which help them succeed…”
Mohan: 26 of LetsVenture's 260 portfolio startups have been acquired
“So we have actually had about 64 of our companies out of the, you know, 260 have gone on with their next round. About 26 of them have got acquired, right? Acquired, merged, gone into bigger companies.”
Mohan: 90% of deals launched on LetsVenture close successfully
“I think it's about, ah, about 90% success, and when I say 90% success, I'll tell you what we don't define as success, right? The 10%, like, what is the failed transaction in our mind? Failed transaction is one where the money has been committed, But the DB did…”
Mohan: LetsVenture rejects 40% of angel investor applicants
“We have 7000 investors from 55 countries who have heard about us. So, you know, we have a lot of people who have reached out to us and who were curated and onboarded. So, we also reject about 40% of people who come to become investors in the platform.”
Mohan: LetsVenture reached 7,000 investors with zero marketing spend
“On our platform today, we have 7000 investors. I will not believe this, but I have not spent a single dollar on marketing. I have not, we never, we don't have a salesperson who is selling angel investing to people.”