Parag Goswami

SaaS, Fintech, currently building AI software for CRE investments and underwriting

[Deepak Shenoy @deepakshenoy]

There's a rule by the RBI. If you have 50% of your assets are "financial assets" (including mutual funds, shares etc but FDs are ok) and "financial" income is more than 50% (dividends, capital gains, interest etc but not FD interest)

Then you were supposed to register with the RBI as an NBFC.

This creates a problem for a "friends and family" fund structure created as a company. You can pool in money together, and use that to invest - in startups, in public markets, in bonds, whatever. But since most of the income and assets are financial, you need registration with RBI as an NBFC!

What RBI has done today is to remove that requirement if you're less than 1000 cr. in assets, and don't have any customer interface or take money from the public. Great to create new funds that are primarily pooled family or friend vehicles in India.

This will eventually create competition of us, as a mutual fund, but I would say this: let a 1000 fund managers bloom.

India doesn't have as many privately held funds as we should. Our family offices usually invest in each family member's name, separately, because a collective investment would trigger NBFC clauses. A few people that come together to invest shouldn't have to do something as gargantuan as an RBI registration.

Very progressive. Early stages yet. But it will benefit the investment attitude in the country.

[Toronto Blue Jays @BlueJays]

WE'RE GOING TO THE WORLD SERIES!!!!! #WANTITALL

[Parag Goswami @paraggoswami]

@AravSrinivas Multi billion dollar companies in commercial real estate data space are built based on who can figure out the LLC and true ownership (people) behind those properties..if perplexity can index county and mortgage deed records, this will be a true game changer 🙏🏻

[Parag Goswami @paraggoswami]

@devbasu There’s a new YC company which does this https://t.co/Za8XrF7WQu

[Clik.ai @clik_ai]

We are live at the Mortgage Bankers Association #MBACREFST23 Chicago conference #multifamily

[Sandeep Todi @sandeeptodi]

This is why banking needs to be reinvented. Slow / frustrating experience with wire transfers was partly the reason behind launching @BankOnTruly.

[OneEleven @oneeleven_111]

Congratulations to member company @clik_ai CEO @paraggoswami who arrived in Canada in 2017 via the Start-up Visa Program and was officially sworn in as a Canadian citizen this morning!

[Parag Goswami @paraggoswami]

@Ben_Bergen @clik_ai @SeanFraserMP Thank you and I’m truly honoured.

[Parag Goswami @paraggoswami]

First time in many years that we’re tempted to do a search on bing 🤞

[Parag Goswami @paraggoswami]

@BankOnTruly is a true SMB banking experience. You'll be pleasantly surprised how many of the pain points for a startup's financial needs they solve. Check them out if you're at #SNH22

[Sandeep Todi @sandeeptodi]

I always end up having the busiest evening a day before travel. No different this time but excited to get Truly Financial (@BankOnTruly) up and running at #SNH22.

Come by and say Hi at Booth 108 as we set it up and the magic comes alive - with 🥽 VR games and daily $$ prizes 🤩.

[OneEleven @oneeleven_111]

Immigrants play a big role in creating jobs. 📈
@paraggoswami, founder of @clik_ai & co-founders @arnab_dastidar_ & Gaurav Madani of @SoulRoomsTO are 3 entrepreneurs who took diff paths to starting a tech business in Canada, all eventually landing at 111: https://t.co/Fw5f3Zp6gQ

[Parag Goswami @paraggoswami]

I know no founder or marketing person who ever say LinkedIn paid Ads ever worked for them. Almost every one says it’s the biggest waste of money channel.

[Parag Goswami @paraggoswami]

RIP Legend @ShaneWarne

[Parag Goswami @paraggoswami]

Wordle 236 3/6

⬜⬜⬜🟨⬜
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🟩🟩🟩🟩🟩

[Parag Goswami @paraggoswami]

@dubeyism Closing deals are never easy! Every little detail counts :)

[Parag Goswami @paraggoswami]

Data shows that I close more deals while sitting than standing.

[Parag Goswami @paraggoswami]

@dubeyism Another observation. Without video on zoom has higher conversion rates for me vs while video is on. Weird

[Parag Goswami @paraggoswami]

@dubeyism none of it, just an observation on the last few deals closed

[Parag Goswami @paraggoswami]

@christophersaum Adam @ https://t.co/UZbGM8d6EV have done a number of investments in ghost kitchens

[Matt Wolach @Matt_Wolach]

MVP = Minimum Viable (Sales) Process

This is higher than most think. In order to close, a proven sales process is critical.