Disclosure
Prashant Pansare prefers investing in teams with at least two co-founders
“So there is no fixed number of founders that we look for, but definitely a single founder I have seen, it's a little bit of challenge predominantly because from my own entrepreneurship journey, I've learned that a founder always needs another shoulder to cry o…”
Insight
Syndicate seed rounds take at least six weeks to close
“The challenges, as I mentioned, the time taken to invest easily, it's not less than a month and a half where an individual angel investor would be able to take quicker bets.”
Assertion Not checkable as stated
Net Analytics and TravelSpice grew 5x after Eagle10 investment
“We've seen a growth of more than five X in both these companies.”
Assertion Supported
Indian first-round startup checks have grown from 2-3 Cr to $1M
“In India, the early checks have never been more than two or three CR, right? Past probably four, five years earlier, it was very difficult for an entrepreneur to raise maybe two, three CR as a first check. Now it's possible to even raise higher, a million doll…”
Insight
Founders often view hands-on investor help as intrusive micromanagement
“Founders sometimes see it as a little bit of intrusion that investors trying to kind of control or getting into too much.”
Insight
Early startup employees with short-term monetary goals quit quickly
“People who come with a short term goal of maybe making a short money or with a very limited vision of what you are trying to do, they usually fall apart faster and they don't contribute to you as meaningfully as you would expect.”
Insight
Passion without a broad market cannot build a sustainable startup
“Most of the entrepreneurs tend to start their journey with something that they're extremely passionate about, but it may not be a business worthy idea, right? The passion is something that you really love, but is the market large enough? Because if what you're…”
Insight
Founders must emotionally detach from their startups to assess mistakes objectively
“And I, it was a lesson that I really learned that you need to really detach yourself from what you're building because only when you detach, you can really see it from a different dimension and probably help it grow a lot bigger and assess the things that you'…”
Opinion
First-time entrepreneurs typically build startups around their personal passions
“I think the first startup as most of the entrepreneurs typically pick up, they pick up something that they're really, really passionate about.”
Disclosure
Eagle10 Ventures invests 1-3 crore INR first-check seed rounds
“So we typically come in as a first external seed capital. That's what we prefer. The check size typically varies between one to three CR. Our sweet spot being two CR. And we typically have about six to 10 investors who joined the round as an angel.”
Insight
Raising growth capital without a proven formula makes follow-on rounds harder
“If you don't have the formula for growth, then raising the next capital is going to be even harder because you may not be able to achieve the growth that you promised in the first round of investment.”
Insight
Startup markets and founding teams are extremely difficult to change later
“First thing I would like to tell people is to choose the market and the team very, very carefully, because both things are extremely hard to change later.”
Disclosure
Eagle10 Ventures invested in five companies in its first 18 months
“So we've invested into five companies in one and a half year. We've invested into Zestel, which was a pre-series year round. We've invested into Pybeam. The most recent one was Pybeam, which is an electric vehicle company from IIT Madras. We've invested into M…”
Disclosure
Eagle10 Ventures focuses on sector-agnostic enterprise tech solutions
“The thesis is going to be on a tech very clearly a sector agnostic... I'm betting on a great team, which is assembled to solve an interesting tech problem tailored towards more towards enterprise solutions.”
What-if
Playerify failed by building in isolation instead of shipping and iterating
“When we were building a Plurify, which is just play sports we kept on building the product for a considerable amount of time and we invested our energy. We should have just shipped a lot faster. We should have iterated a lot often.”
