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The next billionaire

Stealth • 25d

My Experience with VCs of India as a deep-tech founder. Day 3: Artha Venture Fund My next experience is with Artha Venture Fund, they're a big VC firm with a good history and have backed quite a good number of startups. We had been hearing about Artha and had known that they had put in a good number of deep-tech startups including the likes of Agnikul and some other space tech startups. So we reached out to them in a positive note. We reached out to one of the member using Linkedin, and she asked us to send a deck on the mail and someone from the team will reach out (Pretty standard) After almost a month of back and forth between different members (they all pushed around saying someone will reach out) we got a mail/ response from one of the members that they would like to jump on a quick call, and a normal call not a Gmeet or Zoom call, he said he had went through the deck and asked us some basic questions about the startup. After 15 minutes of discussion he said they they dont invest in Pre-Revenue startups and hence cannot go forward, which is absolutely fine as they have a filter to invest. However, we knew that they had recently invested in a startup which was pre-revenue in the space tech sector, we knew it was pre-revenue because we knew the founders. Which was a surprise to us, as they said they don't invest in pre-revenue startups, after a month or so we got to know from someone in their team, that the startup's founder was a nephew of one of the investment associates at Artha. Which makes me come down to the second point of this entire VC deal, this is a closed circle like bollywood, people who know each other pretty much fund each other, and getting into is a hard obstacle for an outsider. Thank you! P.S: This is not my personal experience. I’m just bringing these experiences for the people of Medial to make this platform better for us.

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Replies (16)

dipto bhattacharyya

Stealth • 25d

We actually require to build closed economy models to succeed. For example, a self sustaining artificial nature mimic micro-village ecosystem with land and water agriculture and waste management connected to product development and tourism and stay. Trusted people in this model will know that they shall not be left out and be allowed to pursue their dreams. When this closed model is replicated in different zones and connected, maximum people will get employment and will never have to run behind money accumulator policies. Sustenance will lead to better trust. But building trust will eventually or at the starting so as to say, is quite impossible. A holistic view where stars are less and mental satisfaction that everyone sustains through healthy competition is revealing.

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