venture nursery #tiecondelhi2014
TRANSCRIPT
TiEcon Delhi,2014October 17th /2014
Agenda
• VentureNursery• People• Accomplishments• Portfolio
• Incubation Model• Key Differentiator
• Mentoring Focus• Supporting Networks• Money• Post Acceleration (Lifecycle) management
• Graduation cum Pitch Day
What is VentureNursery?
It’s a start-up accelerator that mentors idea-stage* start-ups and first time* entrepreneurs and gets them ready for
Business, Network and Money
*exceptions exist© 2014 VentureNursery Advisors Pvt Ltd 4
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VN Achievements in 30 months
1. Startups Valuation – INR 200 Cr.2. Seed Investments -10 Start-up
(INR 30 Lacs to 1.2 Cr)3. 1 Exit and 2 Series A
DNA of VentureNursery
Shravan Shroff – Founder and ex-MD, Fame Cinemas, currently Partner, South Yarra Holdings
Ravi Kiran – ex-CEO-South East and South Asia, Starcom MediaVest Group; currently Managing Partner, Friends of Ambition
2 Angels in Residence with rich corporate and business building experience
PERSPECTIVE
14 startups accelerated
Oravel founder, 18 year old Ritesh Agarwal has become the youngest CEO in India to have raised angel funding and the first resident Indian to win the
prestigious Thiel Fellowship Global 20-under-20
Oravel raised its first VC round from LSVPVN Angels exited at a DDX return, in 18 months
VN Differentiators
1. Mentoring Program2. Money 3. Post Acceleration (Lifecycle) Support4. Supporting Network 70 Mentors joined as Advisor in Residence 30 Angel Investors joined as VN Angels 15 Chief Mentors joined the program
Customized Mentoring Program
• Each program lasts 10-13 week
• 2-3 promising start-ups per quarter
• During the acceleration program, start-ups get
– Intense mentoring through a structured program
– Ongoing guidance and progress monitoring by angels-in-residence on an weekly basis
– Specific and customized mentoring by advisors-in-residence, subject matter experts and angel investors
– Business connections and co-founder introductions asrequired
• Each start-up gets up to 150 hours of personal mentoring in all aspects of business – business planning, product, marketing and PR, sales, legal, human resources, operations, finance and accounting and fund raising.
• VentureNursery takes an acceleration equity of 5% in each start-up
• At the end of the acceleration program, all qualifying start-ups make a pitch to the VN Angels for graduation and capital
• VentureNursery continues to provide support to all its start-ups even after they have exited the program
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VentureNursery prefers idea stage and pre-product, and pre-revenue
start-ups across six sectors
Media & Entertainment
Retail
e-Commerce
Education
Consumer Technology
CleanTech
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Key Benefits for Start-ups
• Serious, active and practical mentoring - by entrepreneurs, venture capitalists, practicing managers, former and current CXOs and angel investors
• Structured and customized program, no cookie cutter approach
• Those who get funded, get enough to last at least 12 months [usually INR 25-75L]
• Promoter-friendly terms, no more than 20% dilution for cash
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30 VN Angels Investors
Amit PatniCo-founder and
Chairman, Nirvana Venture
Advisors
Anand LadsariyaCEO and
Promoter Director, Everest
Flavours
Arihant PatniDirector, Nirvana Venture Advisors
Anirudh Damani – Partner Artha Venture Partners
LLP
Bhanu Chopra Founder, Rate Gain
Bharat Banka CEO, Aditya Birla
Private Equity
Nitin AgarwalManaging
Partner, N M Fashions
Sadeesh RaghavanMember, Global Advisory Board, Acumen Fund and
Former MD, Accenture North & South Asia
Sanjay Mehta CEO, MAIA Intelligence
Siddharth RaisoniExecutive Director, SGR
Advisors & Fund Manager SGR Achievers
Knowledge Fund
Vishal Maheshwari,
Sr. Director Yahoo
Avik AsherHiravo Ventures
Nishant RaisoniBhaichand Hirachand
Raisoni
30 VN Angels Investors
Sameer ShahSattva Investment
Arif Ali,Purple Ventures
Neeraj GoyankaTexport Industries Pvt. Ltd.
Vinay Somani, Findstone.com
Vikas / KanwalKapoor, RIVOLI
Anuj GolechaBanshi Jain &
Associates (BJAA)
Krishna/Aditya Jhunjhunwala
Stockbroker
Chirag GargMD, Veniimpex
Nihal Shah, Jumbo Electronics , India
Two Early Stage Funds are also on board as institutional members
Sasha MirchandaniPartner, Kae CapitalCo-founder, Mumbai Angels
Sunil GoyalCEO & Fund ManagerYourNest Angel Fund
Over 60 advisors-in-residence, from a variety of domains, and many more subject matter experts, have committed significant mentoring time to our start-ups.
This number continues to grow.
70+ Mentors joined as Advisors in Residence
15 Chief Mentors joined the accelerator
VN insist on having • One -Domain Experts/Serial Entrepreneurs/ Angel Investors• One Technology Mentor
• 50+ hours intense mentoring per startup • Milestone based engagement with VN /VN Startups
Acceleration +Post Acceleration Support
Acceleration Program completion
Announcement and acceptance of
applications
Closure of Applications
Shortlisted start-ups
announced
13 weeks Acceleration POST ACCELERATION SUPPORT
Gap Analysis
Pitch Day
Interaction with
Advisors
Interaction with VN Angels
Pitch DAY
Assistance in raising series A
What Happens on Graduation cum Pitch Day?©
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What happens post Acceleration?
Review MeetingsFund Raising AssistanceMonthly Reporting
@venturenursery
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