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This is classic VC behavior—betting on the founders, not the product. If Mayank has a track record, they’re essentially funding his vision and network. Can’t say it’s entirely wrong.

😂😂 connects ka khel lagta hai sab

You all are missing the point. In consumer internet, speed to market matters more than perfect product. $4M pre-product lets them move fast and capture market before competition. This is how big companies are built.

Am I the only one seeing the irony here? His previous venture Koo literally just failed for lack of traction, and VCs are throwing money at his next thing before it even exists? Peak 'founder market fit' nonsense.

Reality check: -Koo failed despite raising $50M+ -No clear learnings shared from failure -New product still in PPT -Same target market (billions!) But hey, at least the ESOP pool is good 🤡

If VCs are going to bet on founder's vision then why to talk about PMF ? and user traction ?

If this is the theory of funding, then I have a vision to settle mankind in another solar system. kya to chutyapa hai.

A 25% ESOP pool is bold and can attract top talent, but without a proven product, it’s a high-stakes gamble

nobody says it koo, everyone says "India's Twitter"

VCs are betting heavily on founders’ vision and market potential

This he has raised due to previous execution ka proof. Not happening for everyone bro. It still is a problem, not having any product.