EP#20 Utsav Somani – The AngelList India journey, advantage of having good angel investors on your cap table & starting a micro fund to bridge the gap between India & the Silicon Valley
The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
In this episode, Utsav Somani, Partner @AngelList India & @iSeed, joins our host Digjay, to talk about his exciting journey & vision at AngelList India, the asymmetric upside from writing good cold emails, advantage of having angel investors on your cap table along with institutional VC funds, and starting his own micro fund iSeed, to bridge the gap between India & the Silicon Valley AngelList is platform that is democratizing angel investing and helping startups with fundraising, launching products and hiring talent. Besides leading AngelList India, Utsav is also an experienced angel investor with a portfolio of more than 30 companies which includes the likes of BharatPe, Innov8, LogiNext, Mall91 and many more. He has recently launched his new micro-VC fund called iSeed – which is India's first micro-fund backed by top global founders and investors. The fund will invest in about 30 early-stage Indian startups with an average check of $150k. You can connect with him here on Linkedin / Twitter ---- If you liked our episode, you can subscribe to our podcast on any of the major podcasting platforms like Spotify, Apple iTunes and Google Podcasts. Please leave us a review on Apple iTunes to help others discover this podcast. You can visit thevcpreneur.com and follow us on Twitter @thevcpreneur_ & Instagram @thevcpreneur for more episodes and interesting insights on the startup ecosystem. You can also follow our host Digjay on Linkedin & Twitter ---- Show notes – 1. (01:31) Utsav’s background and path leading up to AngelList India; His life changing ‘cold email’ to Naval Ravikant 2. (04:41) Writing a good cold email; Zero downside, Unlimited upside 3. (07:51) Why entrepreneurship & angel investing is glamourized? 4. (10:16) What should founders look for in an angel investor? Common missteps that founders should avoid during their first fundraise 5. (14:36) Learnings as an entrepreneur while scaling up AngelList in India; AngelList’s mission & vision for startups in India 6. (19:54) About Utsav’s latest micro seed fund – iSeed; Bridging the gap between Indian entrepreneurs & Silicon Valley 7. (24:05) Founder personalities & sectors that iSeed is looking to back 8. (27:26) Rapid fire and closing remarks Mentioned in this episode: Utsav’s article about the different types of investors & what founders should be mindful of when raising capital Sumukh Sridhara’s (Head of Product & Engineering, AngelList India) episode on The VCpreneur podcast
E30: Utsav Somani (Partner, AngelList India and iSeed)
The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC
Utsav Somani is a Partner at AngelList India and General Partner at iSeed (a seed-stage fund looking to bridge successful Silicon Valley entrepreneurs and Indian founders in the search of money as well as the expertise and knowledge of scaling up a startup).Follow Utsav (@somani_utsav), host Akash (@bhatvakash) and our podcast (@thedesi_vc) on Twitter. . . .The Desi Startups of the Week:1. Flatheads: Flatheads is an all-day casual sneakers designed for work wear and optimized for 14-hour comfort.2. MoveABox: MoveABox is Bangalore-based startup helping people to vacate and relocate their homes in a personalized manner.. . . In today’s episode we will cover: 1. Micro VC –– overcrowded with competition or not? (7:50)2. Recap of VC landscape during COVID (17:08)3. Raising a fund during the months of the lockdown (21:18)4. Takeaways from raising a fund (22:56)5. Utsav’s background (24:14)6. What is Micro VC and how does Utsav see it within the Indian context (27:11)7. Why is there a rise in Micro VC funds across India? (29:48)8. Is Micro VC more riskier? (35:13)9. What is the value proposition of a Micro VC (37:16)10. How does an emerging fund manager attract good deal flow? (41:54)11. Trend –– LPs turning GPs (48:13)12. Dissection of Utsav’s tweet on the disconnect between macro trends (51:14)13. Rapid fire (52:02)
Episode 11: Utsav Somani - Building AngelList India
The One Percent Project
About Utsav Somani:My next guest on The One Percent Project is the young and brilliant head of AngelList India Utsav Somani. Utsav talks about his early career, his mentor and AngelList co-founder Naval Ravikant, the evolution of the Indian start-up investment space, building AngelList India, and his view on COVID and its impact. Thank you to all our listeners for their feedback and questions, especially to Varun, Mahesh, Ashish and Aakriti for questions Utsav has answered in this conversation.Our Conversation:His early career and learnings of India and Start-up Investment Ecosystem.Naval Ravikant his mentor and building AngelList India.Setting up a Micro fund and learning from investments thus far. Need for EquityList- AngelList’s- Equity Management System for Indian companies.His view on COVID and its impact.How to grow and add value in a market with similar investment eco-systems.The growth potential of Indian Cryptocurrency start-ups?
Utsav Somani, Partner, AngelList India shares his experience at AngelList India & Syndicates (Private Single-deal VC funds led by Top Angels).Some of the Startups where Utsav has invested as angel investor are BharatPe, AdPushup, Innov8, CoinDCX, Elemential Labs, Sugar Cosmetics, LogiNext, ARATA, Stranger & Sons, Mall91, Pernia's Pop-up Shop.Some Questions answered by Utsav in this Podcast -1. What is a Syndicate & How does it work?2. What are the minimum requirements to become a General Partner in a Syndicate?3. How can first-time founders approach AngelList for raising funds?4. How many Startups have been funded by Syndicates in India until now?5. How does AngelList ensure Startups which are funded by Syndicates to get updates & communicate with the Investors?6. What does an average Syndicate ticket size look like?7. What is “The Collective by AngelList India”?8. What is the Investment Thesis followed at AngelList - “Top-down” or “Bottom-up”?9. How does AngelList India work in sync with AngelList US?A guide for founders how to use AngelList in India:https://medium.com/@AngelListIndia/how-angellist-helps-indian-startups-raise-capital-277076828f5b
Ep. 95: Startup Investing feat. Utsav Somani of AngelList India - Part 2
Paisa Vaisa with Anupam Gupta
This is a special edition of Paisa Vaisa featuring Mr. Utsav Somani, who is the India adviser for AngelList India. In the second part of this series, Utsav talks to Anupam about startup investing from the point of view of an investor, and how they can find good entrepreneurs to invest in. You can listen to this show and other awesome shows on the IVM Podcast App on Android: https://goo.gl/tGYdU1 or iOS: https://goo.gl/sZSTU5 You can check out our website at http://www.ivmpodcasts.com/See omnystudio.com/listener for privacy information.
Ep. 93: Startup Investing feat. Utsav Somani of AngelList India
Paisa Vaisa with Anupam Gupta
This is a special edition of Paisa Vaisa featuring Mr. Utsav Somani, who is the India adviser for AngelList India. In the first part of this series, Utsav talks to Anupam about startup investing, how it works, and how an entrepreneur should approach funding. You can listen to this show and other awesome shows on the IVM Podcast App on Android: https://goo.gl/tGYdU1 or iOS: https://goo.gl/sZSTU5 You can check out our website at http://www.ivmpodcasts.com/See omnystudio.com/listener for privacy information.