“It's the largest angel investment network in Asia, probably in the world.”
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More from Alok Mittal
Opinion
Alok Mittal: Startup success is 50% assessment and 50% luck
“I think we as entrepreneurs tend to give too little credit to luck and timing, you know, is 50% assessment and 50% luck, right?”
Mittal: Most Indian founders start businesses out of necessity, not choice
“So even the notion of doing a startup is very much driven by choice you know, rather than majority of Indian entrepreneurs, small businesses who tend to do a startup because there's no other alternative.”
Mittal: MSME Underfunding in India Stems from One-Size-Fits-All Lending
“In our mind, the root cause of that is that this industry suffers from a one size fits all problem. Where the product as well as the credit assessment criteria are the same regardless of what small business you're running. We think, and the more people we meet…”
Mittal: Startups rarely fail from lack of founder commitment
“Most startups that I go in have not failed because the entrepreneur wasn't committed. So in fact within my failed portfolio, there are entrepreneurs who I would back again if they came up with an idea.”
Mittal: VCs Do Not Solve Problems, Only Back Problem Solvers
“As VCs, we are not really solving the problems. We are backing problem solvers, right? And so the only problem we are solving is how to pick the right entrepreneur.”
Mittal: Founder anxiety strikes during idle time, active work relieves it
“My down moments are moments when I'm not working. Right, because then I get to think about the problems, and when you're working, then you get to solve the problems.”
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