- Get invest in early stage ventures or start ups where they see a potential for the company to grow, they complement the family and friends’ money. Funds invest in later stages of the company – beyond the stage of proof of concept, and at levels that are beyond the level of angels investing. Even the focused on early stage investing start at USD 1.5 mn, whereas Get Investors could start at Rupee 10,000 and go right up to Rupee 1 mn.
- Venture Funds are targeted by their investors to invest in specific areas / sectors. Get investors look at investing in diverse domains, and would consider investing in any area where some of their members have expertise.
- Venture Funds usually have a life of 7 years and most investments are made in the first 3 years. After the investments are made, VC funds give direction and look for an exit through an IPO, Strategic sales, M&A. Get investing continues – individuals invest as long as they wish. They, however, look at a 2 to 3 year exit and the most common exits are strategic buy outs / mergers & acquisitions.
- Approaching the Network Members: The primary deal flow for the Network comes through its members. Network members individually assess funding proposals that they may come across. Once a Network member recommends an opportunity to the Get Investors Network (with no commitment to invest) the opportunity will then be presented at a detailed monthly presentation.
- Elevator Pitch: The Secretariat receives several deals from across the country. These plans are either referred for Elevator Pitch meeting by Network Members or may come directly to the Secretariat through the online submission process.
The Network meeting would be set up every 4 to 8 weeks, depending on the dealflow in the pipeline, when all such shortlisted deals – and all sponsored deals – will be given the opportunity to make a more detailed presentation to the group. Each such presentation would be strictly 30 minutes followed by 15 minutes for discussion and feedback to the entrepreneur. At that meeting, the members should also try and agree whether or not a deal should be progressed. If yes, then the assigned members must try and find a sponsor for it.
At an Elevator Pitch, every entrepreneur is given 10 minutes to present their idea through 5 to 7 slides. This presentation could be done on phone or in person.
The shortlisted entrepreneurs are then requested to present in a detailed, face to face meetings.
The Network looks at start up or early stage companies with a potential to scale. They look at investments of up to USD 1 mn (with average investments of about USD 400K to 600K).
- The Network looks for businesses that have high barriers to entry and considerable growth potential.
- The quality of the management team is important. A complementary management team that possesses multiple skills such as technology, sales, finance, HR etc. is considered a major asset, with the CEO bringing leadership
- The Network seeks to add value by providing advice/mentoring and access to its network in addition to money; thus its members are likely to invest in businesses where they have the ability to add such value.
- Entrepreneurs who can provide evidence of the validation of their concept and particularly those who have begun to engage with the market have a stronger proposition.
- Failed entrepreneurs are very welcome as the Network members expect a much higher level of ambition to succeed