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From IVF specialist to Angel Investor

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Why an IVF specialist is also an angel investor !

Published in: Health & Medicine
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From IVF specialist to Angel Investor

  1. 1. From IVF specialist to Angel Investor !
  2. 2. My journey • On the Board of IKSHealth ( a Rakesh Jhunjhunwalla company ) 10 years ago • My daughter worked in impact investing and did her MBA from Stanford • Joined Mumbai Angels – an angel network • Now do it through my Family office, Solidarity
  3. 3. Reinventing myself – learning to become an angel investor • Easier today, thanks to the internet ! • Share my experiences on LinkedIn. Have 140000 followers today • Learn a lot daily • Get to broaden my horizons – the world is a fascinating place !
  4. 4. www.malpaniventures.com
  5. 5. Our approach • To be founder-friendly. Respect entrepreneurs • Frugal Innovation • Say No quickly • Have a well defined Investment thesis • Try to be open and transparent
  6. 6. Show me the money !
  7. 7. Angel investing will not make me rich ! • Illiquid asset class. Need lots of patience • 80% of startups fail • Only invest money which you can afford to lose without losing any sleep over • Have realistic expectations ! • Too much hype
  8. 8. Funding • Negotiation • Valuation • Control • Our preferred option - CCPS
  9. 9. Legalese • Term sheets • SHA • Focus on areas of agreement • Use standard templates • Find a startup friendly lawyer
  10. 10. Red flags • Only an idea, with no implementation • Hockey stick curve for revenue • “ No competition” • No skin in the game • Too many buzz words, such as AI and ML
  11. 11. Whom do I fund ? • Need to fall in love with the team • LOI vs ROI • Integrity, Curiosity, Humility • Willing to teach – and to learn • Paying customers
  12. 12. Our process • Back the entrepreneur • Soft corner for failed entrepreneurs • Women entrepreneurs • Social impact investing ( edutech and healthcare) • Domain agnostic
  13. 13. After signing the cheque • This is when the hard work starts ! • Need to be actively engaged • Monthly MIS • Governance and accounting • Introductions to other investors and founders • Help only when asked !
  14. 14. We support our startups • Keep dry powder for follow on rounds • Be available and accessible to provide help • Introduce to customers and investors – be their cheerleader ! • Help with recruiting and marketing • Coach and mentor • Keep the faith – startups need patience and persistence to succeed.
  15. 15. Principles of angel investing • Portfolio approach • Power law applies • Not a “ get rich quick” scheme – do your homework ! • Join a network • Read about angel investing.
  16. 16. Why I enjoy being an angel investor • Makes you optimistic. More hopeful about the future by connecting with bright young ambitious entrepreneurs • Can contribute to the next generation • Helps you remain young because you learn all the time
  17. 17. Why doctors make good angel investors • Empathy ( as a clinical skill) • Domain expertise in healthcare • Brand ambassador and evangelist • Lots of good will in the community • Doctors in private practice are entrepreneurs too • Become a better doctor too because your business sense improves
  18. 18. www.startupmentors.in

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