Dheeraj J

Jack of some trades

[Boring_Business @BoringBiz_]

Warren Buffett accidentally called for Charlie Munger while answering a question during the Berkshire annual meeting

RIP Munger

[Ranga.🇿🇼 @RangaMberi]

“Let me stop you right there…”

Caribbean nation Guyana is booming after discovering oil. BBC’s Stephen Sackur puts it to President @presidentaligy; lobbyists say oil is bad for the climate.

Dude wasn’t having it. Mans was ready!

[Dheeraj J @dheeraj4993]

Very informative!

[Blume Ventures @BlumeVentures]

Here it is, folks, just as we promised. The full declassification of Fund I, with no redactions.

We're talking about what it took to build Blume’s inaugural fund, how we constructed the portfolio, attracted the best founders, how the fund has performed, and stories of our successes. We proudly present to you the ‘Omega Files.’

In the realm of venture capital, performance speaks louder than words! So let's start with performance. 📈

We raised INR 100Cr (USD 20M) in 2010 as our inaugural fund, which was soon followed by Fund IA of INR 24.5Cr (USD 4.1M). As we fully exit these funds now, Fund I + IA has already realized ~5x of the invested capital, and we project it to close at ~6x returns by 2024.

Here's to dispeling the myths about the vitality of ‘exits’ in the Indian startup ecosystem and establishing a new paradigm for success.

When we started out, it was believed that the sure-shot path for a startup's success was a nod from the Series A big leagues. After having spent more than a decade in the trenches with our founders, we realize that a successful company is built against all odds, including not being blessed by a star growth-stage fund. Over 70% of our top portfolio companies in Fund I have soared without the early Series A spotlight from the large growth stage Indian funds. 🌟

Ever heard of the Pareto Principle? But what about a Pareto within Pareto? Let us explain.

We made 78 investments through Fund I + IA. Of these the top 20% or 17 of our portcos generated almost the entire gross total returns. Even within this group, just 3 companies returned nearly 3x of the fund size. Makes you think about the Power Law, doesn't it? 🎖️

Creating a fund from scratch in 2010 as first-time fund managers, meant many, many meetings. Almost half of Fund I came through our network and referrals, a testament to our OG team being immersed in the startup ecosystem even before Blume. (Note to new/emerging Indian GPs: It is not just about the dollars. Make your presence felt in the ecosystem and invest in building relationships.)🤝

Here's the link to check out the full report. Let us know what you think.

Link: https://t.co/72kL25Rki3

@sanjaynath @arpiit @sajithpai @AshishFafadia
@AdithyaS017 @SeekingN0rth @riashroff @saritaraichu @gauthamsiv @Kuna1Bajaj @BKartRed

[Buggy Human @SridharanAnand]

Path breaking entrepreneur who's built $20 billion business:
"Work hard"

Dhanda soru columnist who's built 1 Lego toy:
"Noooo. While I'm at it, here's some Linkedin level BS on work smart not hard"

https://t.co/L7jUX9Rg8T

[varepsilon @var_epsilon]

goodnight sweet prince. goodnight sweet prince. goodnight sweet prince. goodnight sweet prince.

[kingbeastjoker @kingbeastjoker]

When the rock did this

[sophie @netcapgirl]

“it’s far better to buy a bussin company at a sus price than a sus company at a bussin price, fr fr”

[High Yield Harry @HighyieldHarry]

How I describe a task I complete in my mundane white collar job:

[Eternal fool 🤡 @passivefool]

Influencers when they look at their children.

[Ruchir Dorwani @fatruchir]

@deepigoyal If anyone's looking for home cooked food in Mumbai - check out dubbz: https://t.co/yXdkrkIfWM

You can order from Home Chefs/Tiffin Services - like you order from restaurants.

[sophie @netcapgirl]

the brand of guy that like works some banking job for a year then leaves to start some SaaS wrapper company & starts posting hustle culture content on here is sooo funny and also totally a zero interest rate phenomenon

[@mrlovenstein.bsky.social @MrLovenstein]

Secret Panel HERE ✍ https://t.co/4RWJ9kxTgV

[Ashi @ashimhta]

Tired after a day of hustling at @peakbengaluru

[Jake Fried @jakejfried]

My 5 all-time favorite animations

1. “Jumping” by Osamu Tezuka, 1984

[Upasana Hembram @watzernehm]

Flatmate and I are moving out of this cozy little 2bhk, situated in the heart of Bandra. Lots of natural light, peaceful and quiet neighbourhood, helpful neighbours, chill society and non-interfering landlord. Comes with car parking. DM for further details.

[poorly drawn lines @PDLComics]

work

[poorly drawn lines @PDLComics]

ever wonder?

[laicchiato @laicchiato]

sorry something came up and i cant make it today