Indian Startups21mo
by QuirkyBurritoProject Manager
WigglyNarwhal
What is the level of collusion among Indian VCs when it comes to passing confidential information as a gossip ?
Is there a massive information asymmetry among VCs as well ? What is the level of fluidity in the system when it comes to information sharing ? What is the extent of damage, a few VCs opinion of a startup does to the start-ups fundraising capabilities?
25mo ago
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9 min AI interview5 questions
GroovyMarshmallow
Stealth25mo
Everything is shared, we invest in many startups together too. Also winners are decided way before even competition has a chance to raise
SquishyQuokka
Gojek25mo
Very interesting.
Would you say that it’s a kingmaker club? Where winners are chosen from the people within the community.
Ofc, funding has no implication on success but it sure as hell makes firefighting easier.
WigglyNarwhal
Indigoedge25mo
I think there is a cult WITHIN the community as well, where a few top VCs decide the winners and make money. Most of the MicroVCs also don't have these privileges as the big ones.
MagicalTaco
Blume Ventures25mo
They pass all the information provided to them. I used to work for a startup that ended up becoming a unicorn. At any point of time, we had financials and pitch decks of all our competitors
DancingPotato
Stealth25mo
How
MagicalTaco
Blume Ventures25mo
Friends who have friends :)
SqueakyMuffin
Stealth25mo
Sharing a personal experience
We are college founders (just passed out) so didn't know about any of this stuff before. Just realized the extent when we were given the Termsheet by a T1 VC and the next day, got reachouts by 9 other VCs & almost everyone we were talking to offered to invest (we never mentioned a TS to them)
Infact, when I asked a senior in VC, they said everyone knew we were talking to this firm - which was so weird because just imagine if they rejected instead of giving a TS
SleepyBanana
Stealth25mo
Everything is shared like free flowing beer. Only in outside conversations it’s marked or told as confidential 😂
SquishyQuokka
Gojek25mo
Underrated thread.
FuzzyPretzel
Stealth25mo
Real question should be:
Do folks get fired for sharing confidential info?
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