Business Today

Talking To Angels

What angel investors look at before deciding to fund a start up

Saurabh Srivastava, an IT industry veteran and co founder of Indian Angel Network (IAN), once took out a start up founder to dinner. "After we sat down, I asked him what he would like to drink. He answered single malt, so I looked down the menu and found a 12 year old Glenfiddich, which was the most reasonable, ordered it and passed the menu to the founder," Srivastava recounts.

The start up founder looked at the menu and told Srivastava, "You know, Saurabh, I never drink single malt which is less than 18 years old." Srivastava was left flabbergasted. "I was quite surprised. Is this guy for real? He just saw me order!" Suffice to say, the founder's pitch did not work.

Raman Roy, another IAN co founder and also known as the father of the Indian BPO industry, has a standard question

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today7 min read
Alpha Tale
THE WEALTHY INVESTOR in India has never had it so good. For that, they must thank the robustness and resilience of the country’s financial markets. And their money managers. While not a single portfolio manager catering to the affluent class in India
Business Today1 min read
“Be In Haste But Not In A Hurry”
What was the problem you were grappling with? I found it really challenging to handle the company’s growing scale. With the increasing complexity of operations, I felt overwhelmed trying to navigate through the uncertainties. The downturn in 2022 exa
Business Today1 min read
Subscribe And Get Upto 81% Discount*
READ CREDIBLE, EXCLUSIVE, AND INSIGHTFUL BUSINESS STORIES

Related