Ron Bhattacharya

Commented 4 years ago
"@: Nidhi, there is nothing so demoralizing in the Indian startup space for women as the startup scene in India is itself in a quite nascent stage. I'm seeing your comments in a few places under this article and I can assure you that getting rejected 113 times is common if you can take rejections for 113 times. Many a lot just stop pitching and don't reach a 113th time. It's good that the said lady did follow through and eventually got funded. I'm also sure that out of those 113 times only a miniscule number of times that she didn't get funded was because she was a woman. If investors meet you in person 113 times even after knowing you are a woman, that's an indication that they are mostly serious. Investors don't meet in person everyone. There are startups who don't get funded at all - almost 97% of all startups that is - even with a great idea and team in place for various other reasons. That's reality.

I'm well versed with the startup funding scene. We are a startup and bootstrapping for almost 2 years now (i'm doing this full time with nothing else on my plate) and haven't raised any funds yet. I'm not even too keen to raise substantial fund at this point. Mainly because the earlier you raise fund, the more stake you trade off for less funding. Sometimes, raising funds isn't the objective. You need certain funds/cash to keep going for sure, but it can also happen that no investor see an idea as feasible at all stages.

So, my best advice is, if you want to build something, use most of your energy and time to the business or idea than running behind investors. Some viable customers can bring in revenue for you as well as automatically open up chances for further funding. At the very beginning (seed level), mostly you have to rely on unorganized investments or debt - like from family and friends.

Hope that helps."

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