Alok Goyal

22 statements across 3 episodes · 10 bullish · 4 bearish · 3 people on the record · first statement Jan 9, 2023 by Alok Goyal · said 12 times in 7 episodes since 2020 · across every show →

On the record as a speaker too: Alok Goyal's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Siddhartha Ahluwalia (4), Khadim Batti (4), Sharad Sharma (2), Gaurav Munjal (1), Ashish Fafaria (1)

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Everything said about Alok Goyal, oldest first

Jan 9, 2023 negative
Insight
Goyal: Pre-Series A Indian startups should avoid hiring US-based GTM teams
“I would argue that if they try to attempt and build a U.S. Go-to-market team with U.S. People, that is a very high-risk strategy. It can work, but I think it's too high-risk a strategy in my opinion.”
Alok Goyal Jan 9, 2023 ▶ 21:51 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 neutral
Assertion Supported
Goyal: Profitability has replaced growth as primary driver of US SaaS multiples
“The biggest driver of multiples today is whether you're profitable or you're not profitable, right? Sentiment has changed.”
Alok Goyal Jan 9, 2023 ▶ 23:48 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 positive
Insight
Goyal: Early-stage investors must evaluate founder learning agility over domain knowledge
“I think we need to judge people for their learning capability, not their Prior knowledge of the problems and the solutions to those problems.”
Alok Goyal Jan 9, 2023 ▶ 57:22 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 neutral
Disclosure
Goyal: Stellaris now splits diligence 50-50 between devtools/infra and apps
“If I look at our own diligences in infra and dev versus apps, I think it's roughly now 50 50, which was practically zero or 10% at best in the past.”
Alok Goyal Jan 9, 2023 ▶ 37:58 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 neutral
Insight
Goyal: Late-stage SaaS needs Net New ARR to Net Burn >1
“At the later stages, the metric actually I worry about the most is net new ARR added divided by the net burn in a quarter. And if that ratio is more than one, you're healthy. If that ratio is less than one, you're not so healthy.”
Alok Goyal Jan 9, 2023 ▶ 24:12 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 bullish
Prediction Not checkable as stated
Goyal: Number of Indian $100M+ ARR SaaS companies will grow exponentially
“I think of this as an exponential curve, Siddharth, not as a linear curve. You build one today, you build three tomorrow, you build nine the year after, and then 27 the year after. So, I think of it as an exponential journey and not a linear journey.”
Alok Goyal Jan 9, 2023 ▶ 26:18 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 neutral
Insight
Goyal: VCs are just capital conduits, not world-changers
“We are actually just a conduit for the money supply chain. It's somebody else's money goes to somebody else. We just happened to put our signatures on that checkbook. We think we change the world. We don't. It's clearly the entrepreneurs who change the world a…”
Alok Goyal Jan 9, 2023 ▶ 1:00:27 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 bearish
Opinion
Goyal: Large SaaS companies cannot be built without US success
“I still continue to believe that there is no software company to be built unless you can be successful in US. And I hope I'll be wrong soon, and I want to be wrong actually, genuinely on that, but not yet. I don't think in 10 years I have seen that ability to …”
Alok Goyal Jan 9, 2023 ▶ 10:24 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 positive
Insight
Goyal: Founders succeed through exceptional spikes rather than lack of flaws
“At least we believe, Siddharth, that there is no perfect founder. There is no perfect human being, actually. And people succeed despite their flaws. People succeed because there is some spike that they have that actually covers up for all their flaws. So, our …”
Alok Goyal Jan 9, 2023 ▶ 53:13 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 negative
Disclosure
Goyal: Stellaris passed on Postman's seed round due to lacking understanding
“Is why I left Postman. In fact, if I may admit, I couldn't even understand what they did at that point in time. I looked at it at the same time as others did in seed stage. One of my colleagues was very keen, actually, that we do it, but I couldn't even unders…”
Alok Goyal Jan 9, 2023 ▶ 36:48 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 neutral
Disclosure
Goyal: Stellaris reviewed 4,000 deals and backed eight companies
“Last year, we saw about 4000 deals and bagged only eight companies last year. That's all we did.”
Alok Goyal Jan 9, 2023 ▶ 13:39 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Jan 9, 2023 positive
What-if
Goyal: Whatfix would have died if they followed most of my advice
“You know, if WhatFix had listened to most things I had said, I think they'll be dead five years back. The reason they're successful is because they apply their own judgment, and I'm not saying that everything I've said was wrong, but we sit at a distance.”
Alok Goyal Jan 9, 2023 ▶ 1:00:51 Top SaaS startups to watch in 2023 with Alok Goyal, Investor in Whatfix, LimeChat, GTM Buddy
Nov 10, 2023 neutral
Assertion Not checkable as stated
Sharma: Alok Goyal was the only VC at the 2016 UPI launch
“And on, on, on February 11th or February 13th, I forget the date, ah, of 2016, was in, in Taj Vivanthal, ah, the sandbox that was launched. And 321 people came for that. I remember that because, you know, everybody had to register. There was only one VC amongs…”
Sharad Sharma Nov 10, 2023 ▶ 33:24 UPI Struggle Story, India vs The World, BRAIN DRAIN Challenge I Sharad Sharma I iSPIRT I Neon Show
Feb 14, 2025 neutral
Opinion
Goyal: Go-to-market strategy for AI applications is identical to traditional SaaS
“There is no difference between taking an AI application to market versus taking the applications to market that used to exist in the past as well.”
Alok Goyal Feb 14, 2025 ▶ 1:13:38 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 positive
Opinion
Goyal: Indian founder ambition scales as ecosystem benchmarks like Swiggy emerge
“Now when a Swiggy goes public at a more than a ten billion dollar valuation, You will find people thinking much, much bigger than what they used to in the past. So I think just the bar of the ecosystem gradually changes, but I think we are progressing there ve…”
Alok Goyal Feb 14, 2025 ▶ 49:46 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 bullish
Prediction Open · timeframe Feb 2029
Goyal: India will produce 10+ billion-dollar SaaS IPOs or exits by 2029
“My hypothesis or my projection, Siddharth, is that in the next three to four years, you will see at least ten billion dollar plus exits or IPOs in SaaS. All built from India.”
Alok Goyal Feb 14, 2025 ▶ 51:49 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 neutral
Disclosure
Goyal: Stellaris approves roughly 80% of deals brought to its investment committee
“Usually about 80% or so, maybe three out of four or four out of five actually do sail through in our case, which is, which goes back to the principle that by and large, we want to back the conviction of the deal team.”
Alok Goyal Feb 14, 2025 ▶ 1:08:47 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 negative
Insight
Goyal: Venture deals should never require consensus or allow individual vetoes
“We do not believe consensus is a great way to make decisions for venture deals. We also believe that nobody should have a veto. No single individual is so smart. Across sectors that they know what the world will look like in eight to 10 years data suggests tha…”
Alok Goyal Feb 14, 2025 ▶ 1:03:44 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 positive
Disclosure
Goyal: Stellaris enforces strict sector boundaries for its investment team
“We took a call right at the beginning that we will be organized by sectors. And these are fairly hard gated boundaries of sectors. If I do SAS, then I do SAS. When I find a FinTech deal, I'm actually going to send it to him. I'm not going to do that because qu…”
Alok Goyal Feb 14, 2025 ▶ 10:23 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 positive
Disclosure
Goyal: Stellaris leads all investments rather than following other investors
“We lead all our investments. So we are not trying to tag along somebody else's judgment or conviction in those situations.”
Alok Goyal Feb 14, 2025 ▶ 11:10 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 positive
Disclosure
Banglani: Alok Goyal and I initially opposed Stellaris investing in Mamaearth
“With Mama Arth with Mama Arth, I'm quite relieved that Rahul did the deal, even though Alok and I were quite opposed to it at that point.”
Ritesh Banglani Feb 14, 2025 ▶ 14:06 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
Feb 14, 2025 positive
Disclosure
Stellaris has led rounds where existing investors refused to reinvest
“There are multiple companies in our portfolio, which had existing investors in the company. They decided not to Put more money behind those companies and despite their signaling, we have actually come and led the rounds in those companies also.”
Alok Goyal Feb 14, 2025 ▶ 12:16 $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early
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