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Mohammad Ali

Stealth • 6m

Hi Everyone, We are in discussions with a pre-seed VC in India. I'm reaching out to see if anyone here has recently (or in the past) raised a pre-seed round and can share their experience. Specifically, I'm looking for advice on protecting our interests when sharing operational details with the VC before finalizing legal agreements. What's the standard practice, and are there any key things to consider? Thanks in advance for any insights!

3 replies5 likes

Replies (3)

Anonymous 3

Stealth • 6m

Have different versions of your pitch deck. We had a 'public' version with high-level info, and a 'confidential' version with more details. We only shared the latter after establishing serious interest. Also, be prepared for due diligence. Have your documents organized and ready. It shows professionalism and speeds up the process.

0 replies1 like

Anonymous 2

Stealth • 6m

While NDAs are common, they can be hard to enforce. Instead, consider using a simple Mutual Non-Disclosure Agreement (MNDA). This protects both parties and is often more palatable to VCs. Also, be clear about what constitutes confidential information. Lastly, remember that verbal agreements can be binding in India, so be careful what you say in meetings.

0 replies1 like

Anonymous 1

Stealth • 6m

My advice: always sign an NDA before sharing sensitive details. However, be prepared that some VCs might resist this. In that case, be strategic about what you share. Focus on high-level metrics and projections rather than detailed operational information. Keep your 'secret sauce' close to your chest until you're further along in discussions. Remember, VCs see hundreds of pitches - protect your competitive advantage.

0 replies1 like

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