Lets talk about AI agents
Oh man build it fast things are changing so exponentially
Oh man build slow go for the long run sustainable growth
Good luck mate
Best Deals don't stay. Or chase VCs. It is the other way around.
Actually VCs don't even chase them. They do everything they can to nab them.
A VC cant sit on them for even a day. They know it. That's not even FOMO.
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We’re thrilled to partner with @Honestcreate_ as their Ecosystem Partner for an insightful webinar series designed to help founders craft impactful pitch decks and successfully fundraise for their Series A round! 🙌
WEBINAR | Exploring Pop-Up Cities: The Vision Behind @VitaliaCity and @ipecity
Check it out here on the @Founder_Haus channel in partnership with @jupterco
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Dear Indian founders incorporating in the US,
Half a dozen people have now pinged to ask me about this. So I'm posting here to reduce the number of phone calls.
here's collective wisdom of a few hundred YC India startups ok the correct company structure.
h/t to Anand of @inklehq who is the guru for all of them. You should talk to @getak100 for everything.
1. You CANNOT use Stripe Atlas, Deel or whatever else to incorporate. That's an instant FEMA violation that cannot be recovered from later. For an Indian citizen to buy shares in a US co, u have to do an ODI that needs RBI approval (even for 20$) and a UIN number. If u have done this through Stripe/Clerky/whatever, ur fucked. Close the company and start again. There's no easily known way to recover.
2. Each founder in India has to create a LLP. Individuals cannot buy shares in the US - without an even longer process. This is why, this is known as "LLP route". The gifting route is no longer legal. Trust me - this is like ED territory.
3. Use ICICI for this 20$ ODI. They will charge 15k INR for it. However all the other banks know jackshit about startup founders ODI.
4. Once the ODI happens, the founders have effectively bought shares and now you can sign those YC SAFE and receive money. This is a 2 month long process. You cannot receive money before this. Dear VCs (global and Indian) - this is how long it takes. Please be kind.
5. The only two law firms (that I know of) that work for startup founders in doing this is @CommendaHQ and Inventus.
6. If u want to take money from Indian investors, open a new bank account in US. And take money here from ur Indian investors. This money is kept separate and NEVER used for any Indian operations (roundtripping).
As long as u don't mix Indian investor funds and us investor funds, all compliance is fine.
There is some options route to take money in india and issue options in the US.
7. Once all of this is done, establish a Indian subsidiary pvt ltd and buy out its shares by the US parent. This Indian subsidiary is where the founders and the Indian employees will receive salaries. U cannot receive salary from the US in india as a founder. This is a tax problem. Just don't do it. But it's a minor problem.
Every page is a gem so was very hard to pick up what to show in this infographic.
Credit to @sajithpai@BlumeVentures@anurag_pagaria@BlumeVentures for helping founders, VCs with a go-to-reference point on “all things” startups of India.
Report🔗
https://t.co/YUmeHfRTjn
Not even past page 35, there is so much to use across decks across founders building for not just Bharat but India 2.1. (Page 27-29)
I personally like the segmentation more now than putting everything “building for bharat”
@sajithpai didnt see the term Bharat. Is India 2.1 btr
@vaibhavbetter Honest Create is a strategic presentation agency helping founders and VCs with Pitch Decks, Sales Decks and Fund Decks.
https://t.co/Zwn19oN1QG
Thanks for collating this for the founders and helping the whole community of deck creation agencies and freelancers too 👌
Done 50+ workshops. Still the best summary thread amongst those. Thanks to the amazing platform team @BlumeVentures
Tbh always excited to do these workshops. But not everyone will go the extra mile for the partners. The little extra counts.Clearly that’s why the most loved VC ❤️
For #Velocity 2022, Blume asked the cohort to send their pitch decks to @mrchetanbhatia and @vrindarungta_ of Honest Create. What followed was hours of picking at narratives, design and numbers to fashion a winning story. Here's how you can do it too 👇🏼
More founders need to hear this from a VC 👌Give them ‘aha’ moments that shows how well you thinking. A lot of founders jump to getting the deck created without doing good thinking.
#pitchdeck#storytelling#insights#vc#founders@vaibhavbetter thank you for saying out loud!
just started reviewing a deck that came inbound and accepted the founder meeting request while on the second slide based on the market (have thought about it a lot) but more importantly based on the clarity of just the first two slides (decks are powerful tools - very very few founders do it right).
@vaibhavbetter Clearly giving you (a VC) an “aha” moment on the first two slides itself helped. The thought and clarity is more important but a slide or deck is a great medium to bring it out visually
A lot of founders jump to deck without doing the thinking-futile exercise! #DeckStoryMatters