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Why you must begin your startup job search by emailing your VC friend

By Pratik Agarwal

27th Jul 2016

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Your VC friends know their portfolio better than your research

You'll be surprised how often people get this very wrong.

I've had lots of folks reach out to me, saying, “Dude! I didn't realise your portfolio Startup C already raised '$

apos; million! I love their idea but I took another job because I thought they were still at seed stage!” Well...most funding rounds aren't announced for a few months and some even up to a year!

Or, how about this one, “Hey! Your portfolio Startup C has such a sleek website; can you introduce me?” Well...sure it has a polished product but don't you want to know whether it has product-market fit? Or if it's in real trouble?

So here are the reasons you must speak to your VC friends before when you want to send out your resume to startups.

They probably know other VCs' portfolio better than you'd think

You might wonder, “But my VC friend wouldn't know much about other VCs' portfolio right? Even if they did, wouldn't they be biased?” Wrong! For all you know, your VC friend might be considering your startup of interest for a future round and think highly of it. Moreover, it's possible they tried to get into that deal but missed out.

Even if your VC friend is sceptical, at least their concerns will give you something to think about.

They know of secret opportunities

As I mentioned earlier in the post, most top-tier VCs often don't announce deals for a long time. Say, there are five top-tier VCs and each has three unannounced deals. Imagine how many hot secret opportunities you are missing out on.

And that's not all. Even if the investment is public news, what if one of the top portfolio startups is recruiting for a leadership role in a new secret business unit? Would you want to miss out on that?

Note: Don't expect your VC friends to tell you confidential stuff, but just remember they're actively looking for solid talent for secret opportunities as well.

They can pump your search with steroids

I've first-hand experience in the stressful job of breaking into top startups several times. It's painful to email your LinkedIn connections only to get this reply, “Dude, I only met this founder once, don't know them enough to drop an intro...”

Good news is that you might be just one send-email-to-my-VC-friend click away from warm introductions to top startup founders.

Moreover, your VC friends can help you evaluate between multiple offers. It's their full-time job to evaluate startups, so just give them some credit.

“But I don't have any VC friends!”

Don't be shy to email any top-tier VCs, if you don't know any personally. They're always looking for excellent talent for their portfolio startups. If anything, you're helping them do their job!

Just do them a favor and send them a blurb about roles that interest you, and include a copy of your resume/your LinkedIn URL.

And if you're one of those cool kids who has already used this hack to land your startup job, please leave your story in the comments below to inspire the masses.

All the best!

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

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Authors

Pratik Agarwal

Pratik is part of the SaaS investing team at SAIF Partners. In his previous roles, he has worked as Product Manager for Remind and Airbnb. He is a kaizen enthusiast and is currently working on his writing abilities…

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million! I love their idea but I took another job because I thought they were still at seed stage!” Well...most funding rounds aren't announced for a few months and some even up to a year!Image : ShutterstockOr, how about this one, “Hey! Your portfolio Startup C has such a sleek website; can you introduce me?” Well...sure it has a polished product but don't you want to know whether it has product-market fit? Or if it's in real trouble?So here are the reasons you must speak to your VC friends before when you want to send out your resume to startups.THEY PROBABLY KNOW OTHER VCS' PORTFOLIO BETTER THAN YOU'D THINKYou might wonder, “But my VC friend wouldn't know much about other VCs' portfolio right? Even if they did, wouldn't they be biased?” Wrong! For all you know, your VC friend might be considering your startup of interest for a future round and think highly of it. Moreover, it's possible they tried to get into that deal but missed out.Even if your VC friend is sceptical, at least their concerns will give you something to think about.THEY KNOW OF SECRET OPPORTUNITIESAs I mentioned earlier in the post, most top-tier VCs often don't announce deals for a long time. Say, there are five top-tier VCs and each has three unannounced deals. Imagine how many hot secret opportunities you are missing out on.And that's not all. Even if the investment is public news, what if one of the top portfolio startups is recruiting for a leadership role in a new secret business unit? Would you want to miss out on that?Note: Don't expect your VC friends to tell you confidential stuff, but just remember they're actively looking for solid talent for secret opportunities as well.THEY CAN PUMP YOUR SEARCH WITH STEROIDSI've first-hand experience in the stressful job of breaking into top startups several times. It's painful to email your LinkedIn connections only to get this reply, “Dude, I only met this founder once, don't know them enough to drop an intro...”Good news is that you might be just one send-email-to-my-VC-friend click away from warm introductions to top startup founders.Moreover, your VC friends can help you evaluate between multiple offers. It's their full-time job to evaluate startups, so just give them some credit.“BUT I DON'T HAVE ANY VC FRIENDS!”Don't be shy to email any top-tier VCs, if you don't know any personally. They're always looking for excellent talent for their portfolio startups. If anything, you're helping them do their job!Just do them a favor and send them a blurb about roles that interest you, and include a copy of your resume/your LinkedIn URL.And if you're one of those cool kids who has already used this hack to land your startup job, please leave your story in the comments below to inspire the masses.All the best!(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)","hasInstagramEmbeds":false,"hasSoundCloudEmbeds":false,"hasTwitterEmbeds":false,"sponsoredStory":false,"storyUrl":"https://yourstory.com/2016/07/begin-your-startup-job-search-by-emailing-your-vc-friend","thumbnail":"https://images.yourstory.com/cs/wordpress/2016/04/yourstory-venture-capital.jpg"},"brand":{"id":2,"name":"YourStory","slug":"yourstory","locale":"en_GB","internal":true,"path":"/"},"timeLapsed":"27th Jul 2016","path":"/2016/07/begin-your-startup-job-search-by-emailing-your-vc-friend","reactions":{},"mounted":false,"brandPublisher":null,"imported":true,"featured":false,"mobilePostJson":[{"contentType":"text","value":{"formats":{"header":1},"data":"Your VC friends know their portfolio better than your research\n"}},{"contentType":"text","value":{"formats":{},"data":"You'll be surprised how often people get this very wrong.\nI've had lots of folks reach out to me, saying, “Dude! 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","publishedAt":"2019-10-21T00:30:00.000Z","updatedAt":"2019-10-21T00:31:31.573Z","type":"RICH","imported":false,"postContent":"\u003cdiv class=\"quill-content\">\u003cp>The Founder of Nobel Prize once said, “If I have a thousand ideas and only one turns out to be good, I am satisfied.” Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. \u003c/p>\u003cp>\u003cbr>\u003c/p>\u003cp>The scientist also institutionalised the prestigious Nobel Prize, awarded to individuals who excel in the fields of chemistry, physics, medicine, economic sciences, literature, and peacekeeping.\u003c/p>\u003cp>\u003cbr>\u003c/p>\u003cp>Cut to the present day and innovations continue to rule among us. In a recent report released by Hurun Global Unicorn List 2019, India emerged as the third-largest ecosystem for more successful startups right behind China and the US. Indian startups are also going global, \u003ca class=\"link\" href=\"https://yourstory.com/2019/10/nasscom-japan-vc-network-tech-startups-india\">with about 26 Indian tech startups successfully pitching at NASSCOM's Japan VC network.\u003c/a>\u003c/p>\u003cp>\u003cbr>\u003c/p>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269905\" data-url=\"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png\" data-alt=\"Indo-Japan\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269905\" src=\"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png?fm=png&auto=format\" alt=\"Indo-Japan\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003c/figcaption>\u003c/figure>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/tech-30-myntra-stylumia-fashion-startup-ai-ml\">Startup by former Myntra exec is making fashion more intelligent\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269906\" data-url=\"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/Stylumiapic1571231893373JPG\" data-alt=\"Stylumia\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269906\" src=\"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/Stylumiapic1571231893373JPG?fm=png&auto=format\" alt=\"Stylumia\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003c/figcaption>\u003c/figure>\u003cp>Bengaluru-based Tech30 startup Stylumia is a B2B SaaS platform, which aims to help fashion and lifestyle businesses with demand forecasting or plan accuracies at the trend/product level.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/mumbai-saas-startup-gobolt-ai-ml-logistics-industry\">This Gurugram startup is driving efficiency in the logistics industry\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269907\" data-url=\"https://images.yourstory.com/cs/2/b3bfb136ab5e11e88691f70342131e20/GoBoltfounders1571227085687jpg\" data-alt=\"GoBolt\" data-caption=\"(L-R) Naitik, Sumit and Parag, founders of GoBolt\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269907\" src=\"https://images.yourstory.com/cs/2/b3bfb136ab5e11e88691f70342131e20/GoBoltfounders1571227085687jpg?fm=png&auto=format\" alt=\"GoBolt\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003cp>(L-R) Naitik, Sumit and Parag, founders of GoBolt\u003c/p>\u003c/figcaption>\u003c/figure>\u003cp>GoBOLT is bringing visibility and technology to the fragmented supply chain by optimising asset utilisation. The logistics tech startup has 40 customers so far.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/techh-30-b2b-saas-data-management-startup-nimesa\">Tech30 startup Nimesa helps enterprises with agile data management\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269908\" data-url=\"https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/Tapesh1571246964399png\" data-alt=\"Nimesa-founder - Tapesh Goyal\" data-caption=\"Nimesa Co-founder Tapesh Goyal\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269908\" src=\"https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/Tapesh1571246964399png?fm=png&auto=format\" alt=\"Nimesa-founder - Tapesh Goyal\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003cp>Nimesa Co-founder Tapesh Goyal\u003c/p>\u003c/figcaption>\u003c/figure>\u003cp>Founded by Tapesh Goyal and Rajesh Vaidhyanathan in August 2018, Bengaluru-based Tech 30 startup Nimesa leverages virtualisation technology for data management, promising considerable savings in time and money.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/startup-bharat-kochi-music-community-socialmob\">Aghin Johnson started a community for independent artists \u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269909\" data-url=\"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/CofounderCTO1571317456027jpg\" data-alt=\"Socialmob\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269909\" src=\"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/CofounderCTO1571317456027jpg?fm=png&auto=format\" alt=\"Socialmob\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003c/figcaption>\u003c/figure>\u003cp>Founded by Aghin Johnson, Socialmob makes for more direct connects and networking between artists and fans. It also gives people a chance to support the indie music industry directly.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/tech-30-2019-startup-neuroleap-mumbai-mental-health-brain\">Meet NeuroLeap, a startup for the human brain\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269910\" data-url=\"https://images.yourstory.com/cs/2/211ccaf0-0e6d-11e9-97fe-8f165dce9bb1/KB1566477628437.png\" data-alt=\"Kumaar Bagrodia, Founder and CEO of NeuroLeap \" data-caption=\"Kumaar Bagrodia, Founder and CEO of NeuroLeap\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269910\" src=\"https://images.yourstory.com/cs/2/211ccaf0-0e6d-11e9-97fe-8f165dce9bb1/KB1566477628437.png?fm=png&auto=format\" alt=\"Kumaar Bagrodia, Founder and CEO of NeuroLeap \" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003cp>Kumaar Bagrodia, Founder and CEO of NeuroLeap\u003c/p>\u003c/figcaption>\u003c/figure>\u003cp>Championing the human brain’s many wonders is Mumbai-based startup NeuroLeap, founded by Kumaar Bagrodia in 2017. It uses technology to understand the brain and enhance its ability to perform at an optimal level.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/tech30-iit-madras-startup-qnu-labs-data-cyber-security\">Qnu Labs protects corporate data with quantum technology\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269911\" data-url=\"https://images.yourstory.com/cs/2/803961002d6d11e9aa979329348d4c3e/FP21571420089004png\" data-alt=\"QNu Labs\" data-caption=\"From L to R: Dr Anil Prabhakar, Srinivasa Rao Alluri, Mark Mathias and Sunil Gupta.\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269911\" src=\"https://images.yourstory.com/cs/2/803961002d6d11e9aa979329348d4c3e/FP21571420089004png?fm=png&auto=format\" alt=\"QNu Labs\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003cp>From L to R:\u003cspan style=\"color: rgb(0, 0, 0);\"> Dr Anil Prabhakar, \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0); background-color: transparent;\">Srinivasa Rao Alluri, \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0);\">Mark Mathias and \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);\">Sunil Gupta.\u003c/span>\u003c/p>\u003c/figcaption>\u003c/figure>\u003cp>In an age when business houses battle constant cyber threats, Bengaluru-based startup QNu Labs protects digital assets with hack-proof encryption.\u003c/p>\u003chr>\u003ch3>\u003ca class=\"link\" href=\"https://yourstory.com/2019/10/mumbai-travel-startup-camping-moonstone-hammock\">How 5 college friends are building a posh camping startup\u003c/a>\u003c/h3>\u003cfigure class=\"image embed\" contenteditable=\"false\" data-id=\"269912\" data-url=\"https://images.yourstory.com/cs/2/6f8dcd002d6d11e9aa979329348d4c3e/Untitleddesign51571204088933png\" data-alt=\"Rohit Dube, Co-Founder, Moonstone Hammock\" data-caption=\"Rohit Dube, Co-Founder, Moonstone Hammock\" align=\"center\">\u003cimg class=\"disableEmbedPointerEvents\" id=\"269912\" src=\"https://images.yourstory.com/cs/2/6f8dcd002d6d11e9aa979329348d4c3e/Untitleddesign51571204088933png?fm=png&auto=format\" alt=\"Rohit Dube, Co-Founder, Moonstone Hammock\" height=\"auto\" width=\"100%\">\u003cfigcaption class=\"disableEmbedPointerEvents\" align=\"center\" style=\"font-size: 0.9rem; line-height: 1.2rem; color: #aaa; padding-top: 5px; padding-bottom: 5px;\">\u003cp>Rohit Dube, Co-Founder, Moonstone Hammock\u003c/p>\u003c/figcaption>\u003c/figure>\u003cp>Started by five friends, Mumbai startup Moonstone Hammock provides a one-of-a-kind adventure tourism experience to campers across India. Their goal? To generate Rs 5 crore in revenue with their bespoke bell-shaped and floating tents.\u003c/p>\u003chr>\u003cp>\u003ca class=\"link\" href=\"https://yourstory.com/newsletters?utm_source=wesbite&utm_medium=dailycapsule\">\u003cem>Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!\u003c/em>\u003c/a>\u003c/p>\u003cp>\u003cbr>\u003c/p>\u003c/div>","layout":"DEFAULT","brand":{"id":2,"name":"YourStory","slug":"yourstory","locale":"en_GB","internal":true,"path":"/"},"metadata":{"authors":[{"id":"fdce4301-2d69-11e9-aa97-9329348d4c3e","user_id":null,"name":"Team YS","username":"webmaster","imageUrl":"https://images.yourstory.com/cs/static/default-ys-image.jpg","order":0,"visibility":true,"google":null,"facebook":null,"twitter":null,"linkedin":null,"website":null,"path":"/author/webmaster"}],"brandSpotlight":null,"category":{"name":"Daily Capsule","slug":"daily-capsule","path":"/category/daily-capsule"},"facebook":{"excerpt":"Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. ","media":"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png","title":"One good idea is all you need - your startup fix for the week"},"generic":{"excerpt":"Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. ","media":"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png","title":"One good idea is all you need - your startup fix for the week","keywords":"Indian Startups, Nobel Prize, GoBOLT, stylumia, Alfred Nobel"},"twitter":{"excerpt":"Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. ","media":"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png","title":"One good idea is all you need - your startup fix for the week"},"banner":null,"parallaxBanner":false,"locale":"en_GB","tags":[{"id":78229,"name":"Indian Startups","slug":"indian-startups","order":0,"path":"/tag/indian-startups"},{"id":329819,"name":"Nobel Prize","slug":"nobel-prize","order":1,"path":"/tag/nobel-prize"},{"id":488444,"name":"GoBOLT","slug":"gobolt","order":2,"path":"/tag/gobolt"},{"id":592140,"name":"stylumia","slug":"stylumia","order":3,"path":"/tag/stylumia"},{"id":592538,"name":"Alfred Nobel","slug":"alfred-nobel","order":4,"path":"/tag/alfred-nobel"}],"timeToRead":2,"plainText":"The Founder of Nobel Prize once said, “If I have a thousand ideas and only one turns out to be good, I am satisfied.” Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. \n\nThe scientist also institutionalised the prestigious Nobel Prize, awarded to individuals who excel in the fields of chemistry, physics, medicine, economic sciences, literature, and peacekeeping.\n\nCut to the present day and innovations continue to rule among us. In a recent report released by Hurun Global Unicorn List 2019, India emerged as the third-largest ecosystem for more successful startups right behind China and the US. Indian startups are also going global, with about 26 Indian tech startups successfully pitching at NASSCOM's Japan VC network.\n\nStartup by former Myntra exec is making fashion more intelligent\nBengaluru-based Tech30 startup Stylumia is a B2B SaaS platform, which aims to help fashion and lifestyle businesses with demand forecasting or plan accuracies at the trend/product level.\nThis Gurugram startup is driving efficiency in the logistics industry\nGoBOLT is bringing visibility and technology to the fragmented supply chain by optimising asset utilisation. The logistics tech startup has 40 customers so far.\nTech30 startup Nimesa helps enterprises with agile data management\nFounded by Tapesh Goyal and Rajesh Vaidhyanathan in August 2018, Bengaluru-based Tech 30 startup Nimesa leverages virtualisation technology for data management, promising considerable savings in time and money.\nAghin Johnson started a community for independent artists \nFounded by Aghin Johnson, Socialmob makes for more direct connects and networking between artists and fans. It also gives people a chance to support the indie music industry directly.\nMeet NeuroLeap, a startup for the human brain\nChampioning the human brain’s many wonders is Mumbai-based startup NeuroLeap, founded by Kumaar Bagrodia in 2017. It uses technology to understand the brain and enhance its ability to perform at an optimal level.\nQnu Labs protects corporate data with quantum technology\nIn an age when business houses battle constant cyber threats, Bengaluru-based startup QNu Labs protects digital assets with hack-proof encryption.\nHow 5 college friends are building a posh camping startup\nStarted by five friends, Mumbai startup Moonstone Hammock provides a one-of-a-kind adventure tourism experience to campers across India. Their goal? To generate Rs 5 crore in revenue with their bespoke bell-shaped and floating tents.\nNow get the Daily Capsule in your inbox. Subscribe to our newsletter today!\n\n","hasInstagramEmbeds":false,"hasSoundCloudEmbeds":false,"hasTwitterEmbeds":false,"removeAds":null,"sponsoredStory":null,"storyUrl":"https://yourstory.com/2019/10/startup-alfred-nobel-prize-stylumia-gobolt-indo-japan","thumbnail":"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png","audioFile":"https://yourstory.com/content/audio/prod/130359/story.07b5a86a-522d-4402-ad0b-52832892dc82.mp3"},"path":"/2019/10/startup-alfred-nobel-prize-stylumia-gobolt-indo-japan","featured":false,"mobilePostJson":[{"contentType":"text","value":{"formats":{},"data":"The Founder of Nobel Prize once said, “If I have a thousand ideas and only one turns out to be good, I am satisfied.” Born on October 21, 1833, Alfred Nobel’s one idea led to the invention of the revolutionary dynamite. \n\nThe scientist also institutionalised the prestigious Nobel Prize, awarded to individuals who excel in the fields of chemistry, physics, medicine, economic sciences, literature, and peacekeeping.\n\nCut to the present day and innovations continue to rule among us. In a recent report released by Hurun Global Unicorn List 2019, India emerged as the third-largest ecosystem for more successful startups right behind China and the US. Indian startups are also going global, "}},{"contentType":"text","value":{"formats":{"link":"https://yourstory.com/2019/10/nasscom-japan-vc-network-tech-startups-india"},"data":"with about 26 Indian tech startups successfully pitching at NASSCOM's Japan VC network."}},{"contentType":"text","value":{"formats":{},"data":"\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/shutterstock107916196415633544008391571566727654png"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"Startup by former Myntra exec is making fashion more intelligent\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/Stylumiapic1571231893373JPG"}},{"contentType":"text","value":{"formats":{},"data":"Bengaluru-based Tech30 startup Stylumia is a B2B SaaS platform, which aims to help fashion and lifestyle businesses with demand forecasting or plan accuracies at the trend/product level.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"This Gurugram startup is driving efficiency in the logistics industry\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/b3bfb136ab5e11e88691f70342131e20/GoBoltfounders1571227085687jpg","caption":"\u003cp>(L-R) Naitik, Sumit and Parag, founders of GoBolt\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"GoBOLT is bringing visibility and technology to the fragmented supply chain by optimising asset utilisation. The logistics tech startup has 40 customers so far.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"Tech30 startup Nimesa helps enterprises with agile data management\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/Tapesh1571246964399png","caption":"\u003cp>Nimesa Co-founder Tapesh Goyal\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"Founded by Tapesh Goyal and Rajesh Vaidhyanathan in August 2018, Bengaluru-based Tech 30 startup Nimesa leverages virtualisation technology for data management, promising considerable savings in time and money.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"Aghin Johnson started a community for independent artists \n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/79900dd0d91311e8a16045a90309d734/CofounderCTO1571317456027jpg"}},{"contentType":"text","value":{"formats":{},"data":"Founded by Aghin Johnson, Socialmob makes for more direct connects and networking between artists and fans. It also gives people a chance to support the indie music industry directly.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"Meet NeuroLeap, a startup for the human brain\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/211ccaf0-0e6d-11e9-97fe-8f165dce9bb1/KB1566477628437.png","caption":"\u003cp>Kumaar Bagrodia, Founder and CEO of NeuroLeap\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"Championing the human brain’s many wonders is Mumbai-based startup NeuroLeap, founded by Kumaar Bagrodia in 2017. It uses technology to understand the brain and enhance its ability to perform at an optimal level.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"Qnu Labs protects corporate data with quantum technology\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/803961002d6d11e9aa979329348d4c3e/FP21571420089004png","caption":"\u003cp>From L to R:\u003cspan style=\"color: rgb(0, 0, 0);\"> Dr Anil Prabhakar, \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0); background-color: transparent;\">Srinivasa Rao Alluri, \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0);\">Mark Mathias and \u003c/span>\u003cspan style=\"color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);\">Sunil Gupta.\u003c/span>\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"In an age when business houses battle constant cyber threats, Bengaluru-based startup QNu Labs protects digital assets with hack-proof encryption.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":3},"data":"How 5 college friends are building a posh camping startup\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/6f8dcd002d6d11e9aa979329348d4c3e/Untitleddesign51571204088933png","caption":"\u003cp>Rohit Dube, Co-Founder, Moonstone Hammock\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"Started by five friends, Mumbai startup Moonstone Hammock provides a one-of-a-kind adventure tourism experience to campers across India. Their goal? To generate Rs 5 crore in revenue with their bespoke bell-shaped and floating tents.\n"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"link":"https://yourstory.com/newsletters?utm_source=wesbite&utm_medium=dailycapsule","italic":true},"data":"Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!"}},{"contentType":"text","value":{"formats":{},"data":"\n\n"}}],"timeLapsed":"21st Oct 2019"},"pastStories":[],"header":"Today's Capsule","status":"LOADED"},"partnerEvents":{"loading":false,"error":null,"events":[{"start-date-time":"2019-10-08T00:00:00.000Z","end-date-time":"2019-11-08T00:00:00.000Z","description":"\u003cp>Girls in Tech Foundation is organising a mentorship program by bringing together 200 young girls/women who will be provided orientation, personalized expertise and a robust hands-on curriculum with guidance from mentors from several fields of Innovation, Entrepreneurship and technology and solve unique problems together with the mentor.\u003c/p>","city":"Vijayawada","location":"KL University","image":{"fileId":"5d4be2264670424c17809a4f","url":"https://uploads-ssl.webflow.com/5ae98eec19474e9f8c0cd052/5d4be2264670424c17809a4f_800%23800_1.jpg","alt":null},"rsvp-link":"http://bit.ly/shebuildstech","partner-name":"Girls in Tech Foundation","excerpt":"Girls in Tech Foundation is organising a mentorship program by bringing together 200 young girls/women","name":"She Builds Tech Mentorship Program","slug":"she-builds-tech-mentorship-program"},{"start-date-time":"2019-11-19T00:00:00.000Z","end-date-time":"2019-11-20T00:00:00.000Z","description":"\u003cp>Zoholics: Mumbai is designed to give you the opportunity to learn, network, and get the resources to take your teams to the next level. 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It now plans to expand to other metros. ","publishedAt":"2019-10-17T00:05:00.262Z","updatedAt":"2019-10-17T14:20:45.409Z","brand":{"name":"YourStory","slug":"yourstory","path":"/"},"metadata":{"authors":[{"name":"Sindhu Kashyap","username":"sindhu-kashyap","order":0,"path":"/author/sindhu-kashyap"}],"category":{"name":"Startup","slug":"ys-startup","path":"/category/ys-startup"},"excerpt":"Dealz Expert, a Phagwar startup by 25-year-old Sangita Dey, already has 22 PGs with 1,200 rooms, and yearly revenue of Rs 2 crore.\n","media":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/finalSangitaDeyDealzExperts1571225094033png","thumbnail":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/finalSangitaDeyDealzExperts1571225094033png","brandSpotlight":null,"removeAds":null,"sponsoredStory":null,"tags":[]},"path":"/2019/10/startup-bharat-bootstrapped-pg-phagwara","featured":true,"mobilePostJson":[{"contentType":"text","value":{"data":"For 25-year old Sangita Dey, an MCA student from Lovely Professional University at Phagwara (Punjab), one thing was clear – she wanted to be her own boss. The girl from Tripura also realised that she was an entrepreneur at heart. So it was not long before she plunged into an entrepreneurial venture in a relatively nascent sector – coliving, or in her case PG accommodation.\n\nAt first, Sangita wanted to start an ecommerce marketplace for electronics and gadgets. Her mentor Manish Saini, entrepreneurship department head at LPU stepped in guiding her towards an idea of starting a real estate-based service. As a student from another state, the idea of starting a PG service appealed to her. \n\n“I started providing housekeeping services to a few buildings around, and very soon I spotted a huge demand for well-managed and fully furnished PGs for students in the area,” says Sangita. \n\nHer startup model works on a lease basis, Sangita explains, \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“Let’s say the PG has 10 rooms, we close the deal with the PG owner at Rs 3,500 per room. We pay the owner Rs 35,000 for one month. The charges include maintenance as well. The PG owners convincingly agree on the terms as they do not have to separately invest in maintenance. We rent each room for Rs 5,000 at our end and generate a profit of Rs 15,000.” "}},{"contentType":"text","value":{"formats":{},"data":"\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/finalSangitaDeyDealzExperts1571225094033png","caption":"\u003cp>Sangita Dey\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"[Startup Bharat] How this copywriter-turned-serial entrepreneur built multiple brands in Muscat...","thumbnail":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/DeepakNNairTheFounder1571142251933png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/10/startup-bharat-muscat-kochi-serial-entrepreneur-kerala-tourism"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":2},"data":"The market it targets \n"}},{"contentType":"text","value":{"data":"Dealz Experts’ target audience includes students and faculty from surrounding educational institutions. Sangita, who herself understands the travails of finding suitable accommodation as a student, wanted to solve this universal problem. Low budgets, language barriers, etc, all make it difficult for students searching for a place to call home, especially in localities unwilling to rent houses to outsiders. \n\nThe team works in tandem with PG owners, mostly NRIs who face issues managing their properties or PGs. Once the deal is inked, the PGs are taken on lease, furnished, and the refurbished rooms are provided to students at affordable rates. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“Apart from offering basic PG services, we add facilities like special food services on order in minimal time, laundry, ironing, etc. We are adding more facilities customised to student needs as well - transport, grocery delivery, etc. The major challenge I faced was convincing the owners to trust me with the business at such a young age, especially since I was from another state and did not know the local market well,” says Sangita. "}},{"contentType":"text","value":{"formats":{},"data":"\nSangita’s team invests approximately Rs 5 lakh per PG for refurbishing, maintenance and miscellaneous costs. It takes at least six months of research, market understanding, coordination with key people to find rooms, and later find customers looking to rent.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"The team is a family\n"}},{"contentType":"text","value":{"data":"The young entrepreneur was supported by her family, her father, a retired army officer and her mother - 53-year-old Subhash Chandra Dey and 46-year-old Bithika Dey who are a part of her core team. Sangita’s father helps in the finance and technical aspects of the business while her mother runs the food, laundry and daily care activities. \n\nTo raise capital initially, they started caretaking services with one PG, soon they had 10 PGs with the team overlooking caretaking and maintenance as well.\n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“\u003cb>We currently have 22 PGs with 1,200 rooms\u003c/b> with complete leasing rights. We also generate more value by offering food catering and laundry for our tenants. This adds a substantial amount to our overall revenue,” says \u003cb>Sangita\u003c/b>. "}},{"contentType":"text","value":{"formats":{},"data":"\nSangita also helps in her grandfather’s construction business in Tripura where she has helped construct four buildings, and this has undoubtedly helped her understand the business and the market.\n\nThe team claims to be generating yearly revenue of Rs 2 crore and monthly revenue of Rs 15 lakh. Dealz Experts charge students according to room size and services opted for. The rent varies from Rs 4,000 to Rs 8,000 per month. \n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/finalSangitaDeyDealzExperts21571225305173png","caption":"\u003cp>Sangita Dey\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"[Startup Bharat] Ex-Gojek exec teams up with restaurateurs to serve biryani with their Ahmedaba...","thumbnail":"https://images.yourstory.com/cs/2/3fb20ae02dc911e9af58c17e6cc3d915/WhatsAppImage1570693510615png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/10/startup-bharat-ahmedabad-gojek-cloud-kitchen"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{"header":2},"data":"The future is bright\n"}},{"contentType":"text","value":{"formats":{},"data":"Dealz Experts’ focus on student accommodations is driven towards smaller towns, a region relatively ignored by the bigger players. \n\n“One can expect 20 percent returns per PG, which is the best value. The numbers vary depending upon the PG and services provided. We generate 15 percent from extra services (food and laundry) and 30 percent from the construction business, which is registered under a separate firm, Juno Enterprises,” Sangita adds. \n\n"}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Dealz Experts currently has 10"}},{"contentType":"text","value":{"formats":{},"data":" near LPU right now, and the remaining 12 are in different parts, it plans to take up a few more. The team plans to expand its services to Chandigarh University, DAV University, City University etc. in Punjab. \n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"A booming sunrise\n"}},{"contentType":"text","value":{"data":"With the coliving and student accommodation space growing in India, many startups like OYO and Nestaway are addressing a lacuna in the market. Nestaway already had 50,000 tenants in Q4 2019 and is said to be in talks to raise over $100 million to counter OYO, which has a similar target across 10 metros for 2019. \n\nA RedSeer report states that the market for coliving startups in India is expected to touch $2 billion by 2022. The overall segment which includes paying guest accommodation and interest from real estate players will be worth a whopping $93 billion over the next 10 years, according to a PropTiger report. The report also revealed that college hostels accommodate around 3.4 million students even though the overall requirement is over 8.9 million beds. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"With over 50,000 colleges in the country and 31 million students, many who live away from home, PG and coliving startups are the need of the hour. "}},{"contentType":"text","value":{"formats":{},"data":"\nStudent living provider Oxfordcaps claims it clocked 30X growth in less than 10 months of operations, growing from 200 beds to 6,000. The Delhi and Singapore-based startup recently also raised $8 million in Series A funding and is looking to expand in education hubs such as Ahmedabad, Bengaluru, Pune, Indore, Jaipur and Dehradun. \n\nOther players like Stanza Living have already raised S$16.4 million in risk capital while Bengaluru-based Zolo targets growing nearly 4X to 50,000 beds by the end of the year. \n\nFor Sangita, this is the time to consolidate and expand, “I am looking to expand into the Delhi, Chandigarh and Kolkata market in the coming months. And into my hometown in Tripura in the next two years,” Sangita says.\n\n\n"}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"(Edited by Suruchi Kapur Gomes)"}},{"contentType":"text","value":{"formats":{},"data":"\n\n"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"[Startup Bharat] Founders in metros should learn how to manage cash from peers in small towns, ...","thumbnail":"https://images.yourstory.com/cs/2/3fb20ae02dc911e9af58c17e6cc3d915/TrademarkRegistration11570626597450png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/10/startup-bharat-anil-joshi-unicorn-india-ventures"}},{"contentType":"text","value":{"formats":{},"data":"\n"}}],"timeLapsed":"17th Oct 2019"},{"id":130360,"title":"[Funding alert] Dindigul Thalappakatti raises Rs 260 Cr from CX Partners, aims to file for IPO in 3 years ","slug":"funding-alert-dindigul-thalappakatti-biryani-cx-partners","type":"RICH","subtitle":"Dindigul Thalappakatti Hotels has raised its first PE round, and is looking to fuel expansion across India and globally, hire more professional members to the team, and invest in technology operations. It is also looking to file for an IPO in three years. ","publishedAt":"2019-10-20T12:09:20.974Z","updatedAt":"2019-10-20T15:08:44.335Z","brand":{"name":"YourStory","slug":"yourstory","path":"/"},"metadata":{"authors":[{"name":"Tarush Bhalla","username":"tarush-bhalla","order":0,"path":"/author/tarush-bhalla"}],"category":{"name":"Funding","slug":"funding","path":"/category/funding"},"excerpt":"Private equity firm, CX Partners has invested Rs 260 crores in restaurant food chain Dindigul Thalappakatti Hotels. \n\nThis is the first private equity round raised by the hotel chain, which values the business at Rs 600 crores, sources close to the matter told YourStory. These sources also said tha","media":"https://images.yourstory.com/cs/2/bd251c602d6a11e9aa979329348d4c3e/IMG20170706WA003011571569284931png","thumbnail":"https://images.yourstory.com/cs/2/bd251c602d6a11e9aa979329348d4c3e/IMG20170706WA003011571569284931png","brandSpotlight":null,"removeAds":null,"sponsoredStory":null,"tags":[]},"path":"/2019/10/funding-alert-dindigul-thalappakatti-biryani-cx-partners","featured":false,"mobilePostJson":[{"contentType":"text","value":{"formats":{},"data":"Private equity firm "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"CX Partners "}},{"contentType":"text","value":{"formats":{},"data":"has invested Rs 260 crore in "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"restaurant food chain Dindigul Thalappakatti Hotels"}},{"contentType":"text","value":{"formats":{},"data":". \n\nThis is the first private equity round raised by the hotel chain, which values the business at Rs 600 crore, sources close to the matter told "}},{"contentType":"text","value":{"formats":{"italic":true},"data":"YourStory"}},{"contentType":"text","value":{"formats":{},"data":". The sources also said with this fund raise, Dindigul "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Thalappakatti Hotels is looking to go public and file for an IPO"}},{"contentType":"text","value":{"formats":{},"data":", in the next three years. \n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/bd251c602d6a11e9aa979329348d4c3e/IMG20170706WA003011571569284931png","caption":"\u003cp>Nagasamy Dhanabalan, Manging Director of Dindikul Thalappakatti Hotels.\u003c/p>"}},{"contentType":"text","value":{"formats":{},"data":"Further, with this transaction, CX Partners hold half majority in the business, with promoters holding the remaining half. "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Nagasamy Dhanabalan, Managing Director of Dindigul Thalappakatti, "}},{"contentType":"text","value":{"data":"will continue running the business. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"The funds have been raised to fuel expansion of the business across India and globally, hire more professional members to the team, and invest in technology operations. "}},{"contentType":"text","value":{"formats":{},"data":"\n"}},{"contentType":"text","value":{"formats":{"bold":true},"data":"M Vinod Kumar from Advay Capital Advisors "}},{"contentType":"text","value":{"formats":{},"data":"was the adviser for this deal, while "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Balachandar R of Bluekoi "}},{"contentType":"text","value":{"formats":{},"data":"Ventures was the adviser from the promoter’s side.\n\nAt present, "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Dindigul Thalappakatti is present across 65 locations across India"}},{"contentType":"text","value":{"formats":{},"data":", and the firm plans to scale this to 200 locations, in the next three years. The food chain will first start by "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"strengthening its presence in South India "}},{"contentType":"text","value":{"formats":{},"data":"by opening more stores in Bengaluru and expanding further in Hyderabad and parts of Kerala. Then, it plans to take its expansion spree to "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"other major metros in the country, including Mumbai and Delhi-NCR"}},{"contentType":"text","value":{"formats":{},"data":". \n\nThe brand, currently present across seven locations globally, is also "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"looking to increase its presence internationally"}},{"contentType":"text","value":{"data":". \n \n"}},{"contentType":"blockquote","value":{"formats":{},"data":"Dindigul Thalappakatti at present has a base of three million customers and serves close to 500,000 biryanis every day. The business has been reporting topline revenues of Rs 300 crore."}},{"contentType":"text","value":{"formats":{},"data":"\nWith the funding and rich data of customers, the business will "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"further invest funds in its technology functions "}},{"contentType":"text","value":{"formats":{},"data":"of quality control, CRM, and ERP to target consumers better. It is also looking to scale "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"its direct food delivery fleet "}},{"contentType":"text","value":{"formats":{},"data":"in areas where its partners have low penetration. \n\nAt present, Dindigul Thalappakatti has more than 2,000 employees. \n\n"}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"(Edited by Teja Lele Desai)"}},{"contentType":"text","value":{"formats":{},"data":"\n"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"How accidental entrepreneur Nagasamy Dhanabalan went from being a receptionist to owning a glob...","thumbnail":"https://images.yourstory.com/cs/wordpress/2017/07/IMG-20170706-WA0030-1.jpg?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2017/07/thalappakatti-global-biriyani-chain"}},{"contentType":"text","value":{"formats":{},"data":" \n"}}],"timeLapsed":"20th Oct 2019"},{"id":129888,"title":"This Gurugram startup is providing licensing solutions to brands, entrepreneurs looking to scale","slug":"gurugram-startup-brand-licensing-licenseworks","type":"RICH","subtitle":"Gurugram startup Licenseworks has worked with 100 companies. Last year, it helped clients collectively rope in licensing revenue of over $70 million. ","publishedAt":"2019-10-20T02:30:00.000Z","updatedAt":"2019-10-20T02:55:57.557Z","brand":{"name":"YourStory","slug":"yourstory","path":"/"},"metadata":{"authors":[{"name":"Rashi Varshney","username":"rashi-varshney","order":0,"path":"/author/rashi-varshney"}],"category":{"name":"Startup","slug":"ys-startup","path":"/category/ys-startup"},"excerpt":"Gurugram startup LicenseWorks has worked with 100 companies. Last year, it helped clients collectively rope in licensing revenue of over $70 million. ","media":"https://images.yourstory.com/cs/2/70651a302d6d11e9aa979329348d4c3e/Imageqn041571213517934jpg","thumbnail":"https://images.yourstory.com/cs/2/70651a302d6d11e9aa979329348d4c3e/Imagegvf41571214288236jpg","brandSpotlight":null,"removeAds":null,"sponsoredStory":null,"tags":[]},"path":"/2019/10/gurugram-startup-brand-licensing-licenseworks","featured":true,"mobilePostJson":[{"contentType":"text","value":{"formats":{},"data":"Sometimes, a challenge of one business becomes a profitable idea for another. And such is the story of two college friends - "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Rishabh Singla "}},{"contentType":"text","value":{"formats":{},"data":"and "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Pranav Anand "}},{"contentType":"text","value":{"formats":{},"data":"- who initially wanted to start an electronics company, and instead started a brand licensing startup.\n\nAfter seeing their friends struggle to scale brands they had launched, and who were also finding it tough to grow and sustain their brands against the already established ones, the duo got the idea to start LicenseWorks. \n\nStarted in 2011, the "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Gurugram "}},{"contentType":"text","value":{"data":"startup provides licensing solutions to brands and entrepreneurs who are looking to grow their business in India. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“We help brands to enter the Indian market or expand their business in India into new product categories through strategic partnerships with leading Indian companies,” says Pranav."}},{"contentType":"text","value":{"formats":{},"data":"\nBrand licensing is basically renting the brand to an industry manufacturer or retailer. It is a legal process where a brand owner allows other businesses to use the brand to promote their own products in the market.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/70651a302d6d11e9aa979329348d4c3e/Imagegvf41571214288236jpg","caption":"\u003cp>\u003cspan style=\"color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);\">(LtoR) Rishab Singla, and Pranav Anand\u003c/span>\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"The 25 Tips To Make Yourself a Great Online Retailer With a Brand Name","thumbnail":"https://images.yourstory.com/production/document_image/mystoryimage/ppvq2765-Positive-Marketing-Will-Increase-Your-Brand-Value.jpg?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/mystory/f2f05175d8-the-25-tips-to-make-yo"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nThe company claims to have worked with more than 100 companies till now, and has helped companies like "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Black & Decker, Stanley, Dewalt, Thomson, Blaupunkt, Elle, Elle Decor, Harvard, Ironman (triathlon), Santa Barbara Polo and Racquet Club to find licensors in India."}},{"contentType":"text","value":{"formats":{},"data":"\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"Finding their sweet spot\n"}},{"contentType":"text","value":{"formats":{},"data":"Rishabh and Pranav studied together at Punjab Engineering College in Chandigarh. After completing engineering, the duo went to pursue an MBA in different colleges, which landed them a corporate career. "}},{"contentType":"text","value":{"data":"\n\nThe co-founders come with about 20 years of work experience. Rishabh has considerable experience in areas such as business development, marketing, channel development, and brand licensing, and has worked with companies like Nokia and Tata Motors. Pranav has worked in the areas of consulting and brand licensing across industries such as retail and FMCG amongst others. \n \nBitten by the entrepreneurial bug, the duo decided to quit their jobs and start a company together. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“While we were weighing our odds, we happened to stumble upon a news article that talked about the concept of ‘brand licensing’. We read up and realised how great this business model could be for India. We were confident of how brand licensing could really speed up the journey of Indian entrepreneurs who could partner with well-known brands and extend it into a new category,” says Pranav."}},{"contentType":"text","value":{"formats":{},"data":"\nHowever, LicenseWorks was not their first idea. “Before jumping into brand licensing, we planned to launch a brand of our own in electronics, which eventually gave birth to the idea of helping brands with licensing,” says Pranav.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"What LicenseWorks does\n"}},{"contentType":"text","value":{"data":"The co-founders explain that brand licensing is a disruptive business model that allows a manufacturer, distributor or a retailer to acquire the rights of a well-known brand, and develop and sell approved products under that brand name across various distribution channels. \n\n“We put together such partnerships between the brand owners (licensors) and entrepreneurs (licensees),” explains Pranav. This enables them to launch quality products, build distribution, compete against other established brands, and scale up business very rapidly, he adds.\n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"Pranav says, a new name or brand in a crowded market like India can take decades to rise to the top in its category. “Brand licensing allows one to borrow the name of a well-known brand, and extend it into a new category, and be able to achieve great results in a shorter span of time,” he added."}},{"contentType":"text","value":{"formats":{},"data":"\nThe company recently worked with "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Super Plastronics Private Limited (SPPL)"}},{"contentType":"text","value":{"formats":{},"data":", a manufacturer and marketer of televisions in India. SPPL was looking to grow its business, and LicenseWorks helped the company partner with French brand "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Thomson "}},{"contentType":"text","value":{"formats":{},"data":"to launch Thomson televisions in India. \n\n“This has proved to be a turning point for SPPL. After acquiring licence from Thomson, they have rapidly grown their business and increased their manufacturing capability by almost seven times, and is now one of the top TV brands in the ecommerce channel,” says Pranav.\n\nSimilarly, LicenseWorks also helped "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Envent "}},{"contentType":"text","value":{"formats":{},"data":"to partner with German brand "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Blaupunkt "}},{"contentType":"text","value":{"formats":{},"data":"to launch their audio products in India. “Within the first year itself, the company doubled its turnover with the help of this licensing partnership,” says Pranav. \n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"The market and business model\n"}},{"contentType":"text","value":{"formats":{},"data":"The biggest success in the field of licensing is "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Disney"}},{"contentType":"text","value":{"formats":{},"data":", which was started in the 1930s. Back then, licensing was mostly a matter of putting a character or logo on a product, and selling it. But, today, it has evolved from a mere ‘label slapping’ to a much more sophisticated process as "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"brand extensions through licensing must stay relevant to the essence of the brand. "}},{"contentType":"text","value":{"data":"\n\nThe co-founders claim the global licensing industry is estimated at over $270 billion annually with prominent corporate brands across fashion, FMCG, electronics, automobile, and sports industries including General Motors, Electrolux, Caterpillar, Hershey’s, Ralph Lauren, Whirlpool, HEAD, Stanley and Black & Decker being quite active in this business. \n\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“The US is the largest market for licensing. India is not even two percent of the global market for brand licensing. However, the changing retail environment and growing awareness around brand licensing has resulted in a significant increase in licensing activity in India in the recent times. India and China are now regarded the fastest growing markets for licensing worldwide,” says Rishabh."}},{"contentType":"text","value":{"formats":{},"data":"\nTo being with, Pranav and Rishabh invested Rs 25 lakh from their savings, and they later raised an additional Rs 50 lakh from friends and family to support the business expansion. \n\nToday, the startup claims to have worked with 100 companies. “In the last year itself, we helped our clients collectively rope in licensing revenue of over $70 million,” says Pranav. The co-founder, however, refused to share their revenues, but said that it is growing at "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"20 percent year-on-year"}},{"contentType":"text","value":{"formats":{},"data":". "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"The company's business model is to get a fee for its services by the client, that is the the brand owners."}},{"contentType":"text","value":{"formats":{},"data":"\n\nLicenseWorks competes with brand licensing agencies such as "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Black White Orange, Dream Theatre, License India, among others."}},{"contentType":"text","value":{"formats":{},"data":"\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"Future plans\n"}},{"contentType":"text","value":{"formats":{},"data":"Pranav says since the bootstrapped company is profitable, they are not looking at any external funding at present. \n\nWhile the company will continue to focus on bringing more Western brands into India at the same time, Pranav says they are also starting to work with a very select set of reputed Indian brands to help them grow into new product categories using the brand licensing model. \n\n“This will enable these brands to go beyond their core business, reach new consumers, expand retail penetration, generate incremental revenue, and protect their trademark as well,” says Pranav. \n\n"}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"(Edited by Megha Reddy)"}},{"contentType":"text","value":{"formats":{},"data":"\n\n"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"How this SaaS-based HR tech startup is promising a better appraisal for employees ","thumbnail":"https://images.yourstory.com/cs/2/70651a302d6d11e9aa979329348d4c3e/Imagedtqy1570169661708jpg?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/10/saas-hr-tech-promising-better-appraisals"}},{"contentType":"text","value":{"formats":{},"data":"\n"}}],"timeLapsed":"20th Oct 2019"},{"id":128756,"title":"These 5 startups are bootstrapped yet profitable, without having to seek venture capital","slug":"startup-bootstrapped-profits-venture-capital-funding","type":"RICH","subtitle":"While scaling a business with venture money is convenient and gives quicker returns on investment for both founders and investors alike, there are those square pegs in round holes who take the other way around.","publishedAt":"2019-10-06T04:25:25.869Z","updatedAt":"2019-10-07T09:14:48.677Z","brand":{"name":"YourStory","slug":"yourstory","path":"/"},"metadata":{"authors":[{"name":"Sampath Putrevu","username":"sampath-putrevu","order":0,"path":"/author/sampath-putrevu"}],"category":{"name":"Bootstrap Love","slug":"bootstrap-love","path":"/category/bootstrap-love"},"excerpt":"While scaling a business with venture money is convenient and gives quicker returns on investment for both founders and investors alike, there are those square pegs in round holes who take the other way around.","media":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/Image07cw1570271273713jpg","thumbnail":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/Image07cw1570271273713jpg","brandSpotlight":null,"removeAds":null,"sponsoredStory":null,"tags":[]},"path":"/2019/10/startup-bootstrapped-profits-venture-capital-funding","featured":false,"mobilePostJson":[{"contentType":"text","value":{"data":"Ryan Holmes, the co-founder of Hootsuite, a social media management platform, once said,\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"“When in doubt, bootstrap. Using your own personal resources is the easiest way to start a business. You don’t have to convince investors about the merits of your idea. You just have to convince yourself.”"}},{"contentType":"text","value":{"formats":{},"data":"Much has been spoken about glory when it comes to startups that scale at a rapid pace and size with the help of fundraising and external capital. It is not overselling to say that this mechanism leads to massive acquisition of users and data, with hopes of making profits and unit-economics positivity at a later stage.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/Image07cw1570271273713jpg","caption":"\u003cp>Divyank Turakhia (middle) and Bhavin Turakhia (second from left)\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"These women entrepreneurs bootstrapped their startups to success","thumbnail":"https://images.yourstory.com/cs/4/d6aa0240-2d6a-11e9-aa97-9329348d4c3e/bootstrapped-startups1552634100804.png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/herstory/2019/03/these-women-entrepreneurs-bootstrapped-their-start-nfp3pcvf78"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nWhile the debate on whether this route is ideal never ends, there are a few bootstrapped heroes who silently achieved profitability, stability, and economic-positivity without having to raise any funding. While the allocation of liquidity and shares is a matter for another time, it is interesting to observe how some entrepreneurs turned their own tables around based on first principles.\n\n"}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"YourStory"}},{"contentType":"text","value":{"formats":{},"data":" lists five companies that bootstrapped from Day 0, and achieved massive scale and profitability.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"Media.net\n"}},{"contentType":"text","value":{"formats":{},"data":"Founded by serial entrepreneur "}},{"contentType":"text","value":{"formats":{"bold":true},"data":"Divyank Turakhia "}},{"contentType":"text","value":{"formats":{},"data":"in 2010, Media.net got its exit to a Chinese consortium in 2016, for $900 million.\n\nDivyank started his first internet business in 1996 at the age of 14, made his first $1 million at 18, first $100 million at 23, and crossed his first $1 billion at the age of 34. In 2014, Endurance International Group bought four brands that he co-founded with his brother, Bhavin Turakhia, for approximately $160 million.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/wordpress/2018/04/Divyank-Turakhia-aricle-img-1.jpg","caption":"\u003cp>Divyank Turakhia.\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"WATCH: From Rs 5 lakh to Rs 45 lakh: this bootstrapped custom bike designer became profitable i...","thumbnail":"https://images.yourstory.com/cs/2/6f8dcd00-2d6d-11e9-aa97-9329348d4c3e/Untitled_design1558517001908.png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/05/custom-elements-bike-designer-bootstrapped-startup"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nLater, Media.net made substantial investments in its business to build a comprehensive portfolio of advertising technology in the industry across search, mobile, display, native, local, products, and video. Its platform and products are licensed by some of the largest publishers, ad networks, and other ad-tech companies across the world.\n\nCurrently, Media.net runs the Yahoo! Bing network contextual ads programme, and also runs contextualads.yahoo.com exclusively across all markets.\n\nSpeaking about external funding, Divyank Turakhia once told Shradha Sharma, Founder, "}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"YourStory,"}},{"contentType":"text","value":{"formats":{},"data":" that he didn’t look for funding because the businesses he built were profitable and didn’t need funding.\n\n“Different businesses require different manners of funding. There are businesses that require funding from the very beginning, some much later, and some never,” said Divyank.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"Great Learning\n"}},{"contentType":"text","value":{"formats":{},"data":"Claiming to have witnessed a 50 percent increment in the average salaries of its students, Gurugram-based Great Learning has been around in the market since 2013. With an aim to provide high-quality learning based on industry-relevant programmes, co-founders Mohan Lakhamraju and Hari Krishnan Nair bootstrapped the startup in 2013.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/greatlearningmohan1570270442458png","caption":"\u003cp>Mohan Lakhamraju\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"How bootstrapped edtech startup Great Learning notched up Rs 150 Cr in revenue\n\n","thumbnail":"https://images.yourstory.com/cs/2/d6aa0240-2d6a-11e9-aa97-9329348d4c3e/feature_image1568105941102.png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/09/edtech-startup-great-learning-bootstrapped-data-learning"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nThe edtech startup offers courses in business analytics, machine learning, artificial intelligence, data science, and cloud computing. It will soon offer training in cybersecurity, Internet of Things (IoT) and blockchain. Most of its users are mid-career professionals who have 4 to 12 years of experience, coming from diverse backgrounds like IT, BFSI, manufacturing, healthcare, automotive, NGOs, and government.\n\nThe founder says the startup is now profitable, and is in talks to raise funds with a couple of investors. The startup, which employs over 160 people, is targeting revenues of Rs 100 crore in the current fiscal.\n\n\"We have not raised money so far because we did not need it. Now we have new avenues of growth,\" Mohan says.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"Zoho\n"}},{"contentType":"text","value":{"formats":{},"data":"For 24 years, Sridhar Vembu, the Founder and CEO of Zoho, has spearheaded the software and CRM company, and made it profitable after bootstrapping. While there is speculation on how much revenue Zoho makes, Sridhar puts it to rest by saying that they crossed $100 million in revenue in 2010 itself. He says one can 'work out the current numbers based on market growth'.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/wordpress/2016/04/Sridhar-Vembu_Zoho-Corp.jpg","caption":"\u003cp>Sridhar Vembu\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"Meet the Zoho Mafia: these five startups launched by former Zoho employees are going global","thumbnail":"https://images.yourstory.com/cs/2/b3bfb136-ab5e-11e8-8691-f70342131e20/Zoho_Mafia1553531656687.png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/03/zoho-mafia-startups-ex-employees"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"data":"\n"}},{"contentType":"blockquote","value":{"formats":{},"data":"\"It is important to raise capital to build a business. However, I often blame the 'financialisation' of the system. It creates an illusion of immediate success and thereby an unsustainable ecosystem. Even banks are giving loans without any measurable metrics. Finance is the most seductive mistress and several startups have been seduced by it. It is like a drug and its addiction destroys the patient.\""}},{"contentType":"text","value":{"formats":{},"data":"Zoho counts Salesforce among its biggest rivals, and is now reportedly looking to expand operations in USA and Mexico.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"FusionCharts\n"}},{"contentType":"text","value":{"formats":{},"data":"Pallav Nadhani, the Founder of Fusioncharts, was an accidental entrepreneur, who was just looking for some pocket money. When he was 16, and bored of Microsoft Excel, Pallav thought of creating a better charting solution and came up with FusionCharts. Today, FusionCharts has some of the big names in the industry as its clientele, including the likes of Google and Apple\n\nThe company is an interactive software suite that facilitates engaging charts between web and enterprise applications.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/fb7ee200-7579-11e9-995c-171c030e4eb8/pallav-nadhani-te1559896804059.png","caption":"\u003cp>Pallav Nadhani\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"[TechSparks Speakers] Pallav Nadhani - the man behind the coolest charts in the world","thumbnail":"https://images.yourstory.com/cs/wordpress/2013/09/Pallav.jpg?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2013/09/pallav-nadhani-the-man-behind-the-coolest-charts-in-the-world"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nHis aim was simple – \"Because I wanted money, I needed to build something that people would pay for. And the next challenge was naturally how to get more and more people to pay for it.\"\n\nThe model is based on licensing to sell the software. In the United States, Pallav and team had closed deals worth $500,000 only over the phone, without having to meet the customers. However, he says that the same cannot be replicated in India, considering the fact that customers have the habit of calling twice or thrice if they have to spend $200 or more on software licenses.\n"}},{"contentType":"text","value":{"formats":{"header":2},"data":"QuickHeal Technologies\n"}},{"contentType":"text","value":{"formats":{},"data":"Started as a bootstrapped startup with a consumer antivirus product in 1995, QuickHeal has quickly evolved into an end-to-end cyber security solutions provider. With its clientele spread across retail, enterprise, SMB and governments, the company is leading the domain with its flagship products - Quick Heal and Seqrite.\n\n"}},{"contentType":"image","value":{"src":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/QuickHeal1570173384901png","caption":"\u003cp>Kailash Katkar (L) and Sanjay Katkar (R)\u003c/p>"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"With 1,850 attacks a minute, how 25-year-old Quick Heal is solidifying its cybersecurity presen...","thumbnail":"https://images.yourstory.com/cs/2/730b50702d6c11e9aa979329348d4c3e/QuickHeal1570173384901png?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/10/quickheal-antivirus-cybersecurity-cyber-attacks"}},{"contentType":"divider","value":{}},{"contentType":"text","value":{"formats":{},"data":"\nFounded by brothers Sanjay Sahebrao Katkar and Kailash Sahebrao Katkar in Pune, QuickHeal has been a global player in cybersecurity for the past 25 years. In the early 1990s, Kailash realised that computers were eventually going to replace calculators and persuaded his younger brother, Sanjay, to opt for a bachelor’s in computers course.\n\nIndia has been the primary market for Quick Heal, with more than 90 percent of its revenues coming from the sub-continent alone. The company raised funding of $12 million from Sequoia Capital only by August 2010.\n\n"}},{"contentType":"text","value":{"formats":{"bold":true,"italic":true},"data":"(Edited by Megha Reddy)"}},{"contentType":"text","value":{"formats":{},"data":"\n\n\n"}},{"contentType":"divider","value":{}},{"contentType":"alsoRead","value":{"title":"Why bootstrapped startup MilkyMorning believes evening slots can be a game changer in micro-del...","thumbnail":"https://images.yourstory.com/cs/2/a9efa9c02dd911e9adc52d913c55075e/TeamMilkyMorning1568708351959jpg?fm=png&auto=format&h=100&w=100&crop=entropy&fit=crop","publishedUrl":"https://yourstory.com/2019/09/bootstrapped-startup-milkymorning-micro-delivery-hyperlocal"}},{"contentType":"text","value":{"formats":{},"data":"\n"}}],"timeLapsed":"6th Oct 2019"}],"status":"LOADED","error":null}} million! I love their idea but I took another job because I thought they were still at seed stage!” Well...most funding rounds aren't announced for a few months and some even up to a year!Image : ShutterstockOr, how about this one, “Hey! Your portfolio Startup C has such a sleek website; can you introduce me?” Well...sure it has a polished product but don't you want to know whether it has product-market fit? Or if it's in real trouble?So here are the reasons you must speak to your VC friends before when you want to send out your resume to startups.THEY PROBABLY KNOW OTHER VCS' PORTFOLIO BETTER THAN YOU'D THINKYou might wonder, “But my VC friend wouldn't know much about other VCs' portfolio right? Even if they did, wouldn't they be biased?” Wrong! For all you know, your VC friend might be considering your startup of interest for a future round and think highly of it. Moreover, it's possible they tried to get into that deal but missed out.Even if your VC friend is sceptical, at least their concerns will give you something to think about.THEY KNOW OF SECRET OPPORTUNITIESAs I mentioned earlier in the post, most top-tier VCs often don't announce deals for a long time. Say, there are five top-tier VCs and each has three unannounced deals. Imagine how many hot secret opportunities you are missing out on.And that's not all. Even if the investment is public news, what if one of the top portfolio startups is recruiting for a leadership role in a new secret business unit? Would you want to miss out on that?Note: Don't expect your VC friends to tell you confidential stuff, but just remember they're actively looking for solid talent for secret opportunities as well.THEY CAN PUMP YOUR SEARCH WITH STEROIDSI've first-hand experience in the stressful job of breaking into top startups several times. It's painful to email your LinkedIn connections only to get this reply, “Dude, I only met this founder once, don't know them enough to drop an intro...”Good news is that you might be just one send-email-to-my-VC-friend click away from warm introductions to top startup founders.Moreover, your VC friends can help you evaluate between multiple offers. It's their full-time job to evaluate startups, so just give them some credit.“BUT I DON'T HAVE ANY VC FRIENDS!”Don't be shy to email any top-tier VCs, if you don't know any personally. They're always looking for excellent talent for their portfolio startups. If anything, you're helping them do their job!Just do them a favor and send them a blurb about roles that interest you, and include a copy of your resume/your LinkedIn URL.And if you're one of those cool kids who has already used this hack to land your startup job, please leave your story in the comments below to inspire the masses.All the best!(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)","isPartOf":{"@type":"WebPage","@id":"https://yourstory.com/2016/07/begin-your-startup-job-search-by-emailing-your-vc-friend","url":"https://yourstory.com/2016/07/begin-your-startup-job-search-by-emailing-your-vc-friend","inLanguage":"en","name":"Why you must begin your startup job search by emailing your VC friend","datePublished":"2016-07-27T08:00:00.000Z","dateModified":"2016-07-27T08:00:00.000Z","description":"YOUR VC FRIENDS KNOW THEIR PORTFOLIO BETTER THAN YOUR RESEARCHYou'll be surprised how often people get this very wrong.I've had lots of folks reach out to me, saying, “Dude! I didn't realise your port...","isPartOf":{"@type":"WebSite","@id":"https://yourstory.com/#website","url":"https://yourstory.com/","name":"Yourstory","headline":"Yourstory","description":"YourStory | Stories from the Startups, Business, SMEs, Research, Entrepreneurs, Social, Women, Automotive and other sectors","publisher":{"@type":"Organization","name":"Yourstory","alternateName":"YourStory Media","logo":{"@type":"ImageObject","url":"https://images.yourstory.com/cs/static/logos/publisher-logo.png","width":292,"height":60,"caption":"YourStory Media"},"url":"https://yourstory.com","sameAs":["https://www.facebook.com/yourstorycom","https://twitter.com/YourStoryCo","https://www.youtube.com/user/yourstorytv","https://instagram.com/yourstory_com","http://plus.google.com/111272339013288238153","https://in.linkedin.com/company/yourstory-com"]}}}}

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Why you must begin your startup job search by emailing your VC friend

By Pratik Agarwal

27th Jul 2016

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Your VC friends know their portfolio better than your research

You'll be surprised how often people get this very wrong.

I've had lots of folks reach out to me, saying, “Dude! I didn't realise your portfolio Startup C already raised '$

apos; million! I love their idea but I took another job because I thought they were still at seed stage!” Well...most funding rounds aren't announced for a few months and some even up to a year!

So here are the reasons you must speak to your VC friends before when you want to send out your resume to startups.

They probably know other VCs' portfolio better than you'd think

Even if your VC friend is sceptical, at least their concerns will give you something to think about.

They know of secret opportunities

Note: Don't expect your VC friends to tell you confidential stuff, but just remember they're actively looking for solid talent for secret opportunities as well.

They can pump your search with steroids

Good news is that you might be just one send-email-to-my-VC-friend click away from warm introductions to top startup founders.

Moreover, your VC friends can help you evaluate between multiple offers. It's their full-time job to evaluate startups, so just give them some credit.

“But I don't have any VC friends!”

Don't be shy to email any top-tier VCs, if you don't know any personally. They're always looking for excellent talent for their portfolio startups. If anything, you're helping them do their job!

Just do them a favor and send them a blurb about roles that interest you, and include a copy of your resume/your LinkedIn URL.

And if you're one of those cool kids who has already used this hack to land your startup job, please leave your story in the comments below to inspire the masses.

All the best!

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

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Pratik Agarwal