Sarbvir Singh of Waterbridge Ventures details the follow-on financing success rate of their early portfolio investments.
Opinion
Singh: Founders who neglect documentation often cause their own fundraising delays
“Many times people blame investors, but a lot of times I feel founders don't take the process very seriously. Whether you know, and I don't know exactly why, because I assume they want to get the capital in fast, but you know, you have to understand that there …”
Assertion Not checkable as stated
Singh: Large Indian VC funds vacated the early-stage seed market
“And we realized that this is actually a very big space and it has been vacated by some of the larger funds.”
Insight
Singh: Co-founders must have a shared history before partnering
“So I think it is very important that when you Decide to partner with someone and I'm sure whether as a founder or co-founder or anything else, you need to have some degree of history with the person because it's a difficult relationship. I mean, any partnershi…”
Disclosure
Waterbridge exited Unacademy with a 5x return and over 150% IRR
“Unacademy which was our first check, which we exited that position. With a very handsome return. It was five times our initial money or over a 150% IRR.”
Assertion Supported
India's $60B bus market dwarfs the $10B car ride-hailing market
“Chalo is doing exceptionally well, managing over 10, 12,000 buses already. A huge space in India. Buses are a sixty billion dollar market as opposed to, you know, cars, which Uber or Nola, which is like a ten billion dollar market.”
Disclosure
Waterbridge spends 70% of evaluation time assessing founders' motivations and capabilities
“We are a founders first fund. We're very clear on that. We spend, I would say, 60, 70% of our time in understanding the founders, their motivations, their ability to, you know, execute their suitability for the business that they are doing.”