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Priyank

ย โ€ขย 

Moneyย โ€ขย 5m

Unpopular Opinion: If you have zero traction, donโ€™t pitch VCs yet. You know what I see too often? Founders sending decks before theyโ€™ve even tested the idea. Hereโ€™s the blunt truth: ๐Ÿ’ก VCs donโ€™t fund ideas. They fund signals. And โ€œsignalโ€ doesnโ€™t

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Samanth Shetty

Be yourselfย โ€ขย 5m

There are VC's specially for pre-seed too. But just less in India. The paragraph is 50-50 correct. There are many pre-seed or seed round happens in India recently oben got seed funded.

Priyank

ย โ€ขย 

Moneyย โ€ขย 5m

Thanks for your response man! If you read, what I am saying is VC need to see traction in the idea - not just the idea. Its true even in the pre-seed stage. If will be great of you can give me one such example in India where VCs funded an idea even b

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Samanth Shetty

Be yourselfย โ€ขย 5m

One of the best example is CRED & DUNZO. 1.Dunzo was funded in 2015 with a idea by blume venture I guess later google backed them. 2.Cred was funded in complete idea stage even pre-product stage idk investors but yea it was funded before even the pro

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Priyank

ย โ€ขย 

Moneyย โ€ขย 5m

Dunzo had a whatsapp community where the founder himself was serving customers. This was before he raised funds. CRED again was bootstrapped by Kunal Shah and his family who was a second time founder. Similarly for all other examples you gave. Also,

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Samanth Shetty

Be yourselfย โ€ขย 5m

You asked me before validation Brother, Let's take a Zepto as a main key example for it now, what would you say for Zepto ? no traction, no customer validation, no product ready before VC investment ? Now ? You asked me funded before validation, CRED was even funded not bootstraped doesn't matter if he was second time founder, but idea was not validated by customers. YC is accelerator cum VC ๐Ÿ™‚, Razorpay and Meesho was funded as accelerator but Fampay was funded as VC

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