Assertion certainty 4/5 debate potential 2/5

Khan: Prospective investors passed on early Ola, arguing street hailing sufficed

Rehan Yar Khan · 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners · Aug 17, 2019 · at 30:17

Rehan Yar Khan, founder and Managing Partner at Orios Venture Partners, discusses leading early angel investment into Indian ride-hailing company Ola.

0:00 / 0:12exact quote · 12.9s
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“I remember when I was syndicating the Ola round, and I was trying to get other people into it, and nobody wanted to invest. People were like, yaar, ye kya Bekar company layo, I can wave my arm and get a cab. Right, Bombay. Right, so who's going to order these cabs, right.”

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Assertion Not checkable as stated
Khan: Startups are now India's largest job-creating industry
“And certainly if you look at the last 12 years in 2008 is when the venture capital revolution started in India. This is the largest job creating industry in India. It's no longer IT services or banking or something like that. It's the startup industry, right?”
Rehan Yar Khan Aug 17, 2019 ▶ 9:26 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners
Assertion Partly supported
Khan: Ola was funded before Uber existed; it was not a copycat
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Assertion Not checkable as stated
Khan: Flipkart has created more millionaires than Infosys
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Rehan Yar Khan Aug 17, 2019 ▶ 8:25 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners
Disclosure
Khan: Passed on OYO after meeting a sleeping 17-year-old Ritesh Agarwal
“So I think OYO was a company I had met Ritesh, and I didn't end up investing. In, in my defense, you know, he was 17 years old, and when I met him, he was sleeping.”
Rehan Yar Khan Aug 17, 2019 ▶ 14:28 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners
Opinion
Khan: Ola beat Uber in India by aggregating one million tourist vehicles
“See the reason I think the reason Ola won in India versus Uber, they never, they were never a copy of Uber. It was an original idea. That the OLA team had that there are a million tourist vehicles in India and I can aggregate them.”
Rehan Yar Khan Aug 17, 2019 ▶ 34:06 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners
Disclosure
Khan: Orios avoids second-time founders due to their high valuation demands
“No, no, we prefer only first time entrepreneurs. We can't afford the valuation of the second time entrepreneurs. They're just too high.”
Rehan Yar Khan Aug 17, 2019 ▶ 35:45 100xEntrepreneur | Episode 7 | Rehan Yar Khan, Managing Partner, Orios Venture Partners
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