“Normally you know, I don't tend to go over the full pitch deck if one is attached with a mail or something. So, you know, a quick description of what are they doing? You know, why are they doing what they're doing? You know, literally four sentences, if you will. So that elevator pitch is important, ah, for me to make my first level decision of whether I want to spend more time on this or not.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
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.”
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