🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Priyank
•

Money • 5m

Unpopular Opinion: If you have zero traction, don’t pitch VCs yet. You know what I see too often? Founders sending decks before they’ve even tested the idea. Here’s the blunt truth: 💡 VCs don’t fund ideas. They fund signals. And “signal” doesn’t

Samanth Shetty

Be yourself • 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
•

Money • 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

Samanth Shetty

Be yourself • 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

Priyank
•

Money • 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,

Samanth Shetty

Be yourself • 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, CR

Priyank
•

Money • 5m

Again, incorrect facts. Pls check. Fampay was part of the YC Accelerator batch. Similar issues with other claims you have made 😅

Samanth Shetty

Be yourself • 5m

Nah, Fampay was invested by YC as an VC Not as an accelerator. You can check and lemme know the source. What similar issues with other claims ? ZEPTO was funded after customer validation ? Bro they didn't even launch their product until seed funding and their pre-seed was at 600-700k something. Lemme know your source. Check the Fampay source below.

2 Replies

Replies (2)

Priyank
•

Money • 5m

Thanks for sharing that. It helps. The article is of later date though. Here's an earlier Fampay article of them getting into YC. Similar issues with other claims you have made. But i'll leave this thread here👽

https://entrackr.com/2019/09/fampay-funding-sequoia-neeraj-arora/

Samanth Shetty

Be yourself • 5m

I would leave the thread long back lol, but show the relevant proof and you believe the company's data from other sources rather than believing it from their own source ? lol 😂 If I was wrong i would accept it long back. I have seen all the articles and later explained all this. Show me the proof of other claims which aren't proper

Recommendations from Medial

Swapnil gupta

Founder startupsunio... • 5m

✅Types of startup Funding Pre-Seed, Seed Funding Series A- Series B- Series C- Series D & beyond - Mezzanine & Bridge Financing- IPO 📌 Want to know about them in detail, visit source in comments #startup #funding #types

1 Reply

Pratheek B Patil

Simply being myself • 1y

Intel is taking over Nvidia with its new Gaudi3 And compnay claims it’s better than Nvidia’s H100 in LLM’s This was displayed in Intel Vision 2024 event in Phoenix, Ariz Gaudi3 is third generation Ai Accelerator chip Post you opinion on this bat

7 Replies

Samanth Shetty

Be yourself • 5m

Few prompts for ChatGPT / any AI which might help you in initial stage of startup. Check it out and lemme know if it helps y'all 👀. It was paid resource, not sure if available anywhere but I had bought it and it was lying in my folder so I just sha

4 Replies

Samanth Shetty

Be yourself • 9m

Have you guy's ever claimed health insurance ? If yes lemme know how was your experience and how did it go through. What were the process how much time did it take etc.....

13 Replies

Samanth Shetty

Be yourself • 5m

Harsh Dwivedi Niket Raj Dwivedi One small correction. I'm unable to verify my University mail as the domain of my mail is not @vu.lt it is @sa.stud.vu.lt so requesting you to check that once and lemme know 😁

4 Replies

VCGuy

Believe me, it’s not... • 7m

Accel in India has come a long way. Entered 2008→ acq. Erasmic Venture Fund —transforming EVF’s $10 M seed fund into 'Accel Venture Fund I'. Fund II closed in 08' with $60 M. Fast forward to today, the latest fund has 10x’ed, closed at a $650 M co

4 Replies

Tuhin Subhra Biswas

Building in 🥷🏻• Pr... • 1y

My friend was applying for unis and colleges for BTech, he applied for a "Kelvium" work integrated program for BTech and got selected, do you have any info on "kelvium"? It's Bangalore based only so wanted to know a bit about it. Lemme know if you a

6 Replies

ANURAG

Revolutionizing and ... • 9m

Why I am getting the sense that Indian based Accelerator /VCs are skeptical to idea and seed funding ,They are more comfortable towards startup who are already in traction and have generated revenue. What I understand is VC and accelerator or incuba

7 Replies

Kaustubh Bhatter

Founder, Sharpener |... • 1y

Did you know, Olympics was almost about to get cancelled this year! Almost nobody wanted to host it! Why? Check this interesting video:

5 Replies

Vivek Sharma

If you like this pag... • 1y

What you guys think about Ola they have copied the API's & Interface from mapsmyindia. We also know that the Ola was also copied from Uber's Idea. I guess it became a trend to copy and paste. Nothing was new in terms of idea. News Source: Inc42.co