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The next billionaire

Stealth • 1m

My Experience with VCs of India as a deep-tech founder. Day 2: Antler India and All in Capital Thank you for the response on my previous post, following that today I'll be covering 2 other VCs we talked to. 1. All in Capital: They started very recently and we reached out to them very early, because it was a small team we reached out to the founder directly, their proposition was they put funds in all sectors and are "All In" the startup once they have invested. We reached out on Linkedin, he asked us to share the deck and after a week or so we were rejected and they did state the reason, so not much of a hassle, especially when the VCs don't even have the courtesy to reply back or give reason. 2. Antler India: This is another Horror story! Antler is a big global VC firm and had entered India back then, they opened up applications for funding startups in all sectors (They all mention they fund all sectors but they don't), the first part was to submit a form with basic details, once that was approved, we were then asked to record a video pitch in a specific format to be submitted (This is as stupid as it gets) it had a limit on timing file size etc. Once we were selected, finally we had a call with one of the Associates of the Indian team, and as expected the authoritative nature came out, he asked a few questions about the tech and the startup here and there, but then started asking questions like "**Why should we fund you**", "**what is it in for me in the long term?"** and **we have so many other startups that we can fund, but why should we consider you?** all this sounding very similar to a typical corporate boss taking a new candidates interview. I do not have a problem with getting rejected, and all the VCs have right to take the decision on which startup they wanna fund, but they have to stop this attitude on how they treat startups and founders. Ironically, they funded a Web3 startup in the same cohort, because Web3 was big in 2021-22, and now that startup has gone back to making websites. LOL Thanks!

16 replies25 likes

Replies (16)

Havish Gupta

Stealth • 1m

Considering the way your write posts, sometimes i think that you are Aadit Palichay 😂

1 replies1 like

Hathoda Tyagi

Stealth • 1m

When did this happen ? How long back ?

1 replies

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1m

they are not so called VC's. there vision is short term. the true VC will invest and continue to invest analysing future potential like Y combinator.

1 replies6 likes

Abdul Rafay

Stealth • 1m

then whom we should approach

0 replies

Anonymous 4

Stealth • 1m

I really had a very horrific experience with the so-called India focused VC 2AM.VC they will ghost you and will not even reply to the mails. The VCs need to change their attitude towards startups, we are not beggars, we need you don't forget you also need us. I have decided not to reach out to any VC or ask for funding from anyone, if they want to invest in our company. They should come to us.

1 replies3 likes

Anonymous 3

Stealth • 1m

Man, the ‘Why should we fund you?’ line really hits. It’s like, why did you even take this meeting if you’re not genuinely interested?

1 replies3 likes

Anonymous 2

Stealth • 1m

All In Capital sounds like the bare minimum of decency. At least they gave you a reason and didn’t ghost. That’s an accomplishment in the VC world these days

1 replies3 likes

Anonymous 1

Stealth • 1m

Why do VCs treat founders like they're applying for a job? You're offering them an opportunity, not the other way around! The power dynamics are so messed up

1 replies1 like

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