Tag: 500 Startups

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Early-Stage Startup Deal Terms in India 2020

There was a recent thread on Twitter about how even in 2020 angels and VCs in India continue to put ridiculously onerous terms into early-stage deals.

I recently invested in an Indian startup that closed a pre-series A round and the documents were more than 100 pages. When I was at 500 Startups, with the help of BMR Legal, we modified the 500 Startups KISS Agreement for India and open sourced the documents in the hopes that it would simplify early-stage documentation and reduce the amount of time to close a deal and the cost of doing early-stage deals in India, much like Series Seed docs and the SAFE have done in the US.

Here’s a presentation I gave in January 2020 at CIE-IIIT Hyderabad on some of the deal terms in India to watch out for. Unfortunately, there’s no video of the actual presentation I gave so I recorded a voice over for you.

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If there are additional terms you have questions about or terms you’ve come across that are onerous, please leave a comment on the YouTube video and I will respond. Hopefully, other founders will benefit from it as well.

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Angel Investing BarCamp Entrepreneurship India Investing Investing InvestStream Video Life startup saturday Startups Venture Capital Video

Off the Beaten Path: Wall Street to Startup Investor – A Fireside Chat with Me!

Who is “Pankaj Jain” besides being the founder of Invest Stream and Founder Craft What came before? 

If you’ve followed my erratic writing over the years, you might have some idea. I’ve been a risk manager at the largest hedge fund in the world, Long-Term Capital Management (LTCM), operator, product manager, entrepreneur, community builder at BarCamp Delhi, co-founder of HeadStart Network Foundation and Startup Weekend India. 

I’ve been a venture capitalist at TLabs and 500 Startups, advisor to startups, funds and platforms like AngelList India and most recently, a dabbler in startup and venture capital related video content. 

My friend and former colleague, Ritesh Bansal, suggested interviewing me on the show to bring out more about who I am and what my journey has been. Naturally, I couldn’t refuse an invitation to be on my own show. Get ready for a frank and open discussion between an old friend and I. This is going to be Ritesh’s first time being visible on any social media channel, so please be gentle with him. It’s an #AMA so feel free to ask me anything.

I’m looking forward to seeing you for the AMA-style chat on July 28th, 2020 at 9:30am PDT / 12:30pm EDT and 10:00pm IST. If you’d like to RSVP and have a calendar invite, click the button. Otherwise, head over to YouTube with your questions.

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India Startups

Meeting Indian Startups Applying to 500 Startups Accelerator Batch 6

#500StrongGood morning Founders!

You might have heard that 500 Startups recently announced a public application process. This is the first time we’re accepting applications for all companies that want to join our accelerator. In the last batch of the 500 Startups Accelerator, we had four great companies from India. The highest number from any country outside of the US. I’m hoping India can be represented just as well in the upcoming batch which starts in April 2013.

If you’re doing something exciting in education, jobs/employment, travel and you’re looking at markets in India or globally then you may want to put in your application soon. We will consider all applications, however, companies with traction, strong teams, past successes, and even a few referrals from 500 mentors and/or other 500 founders will go a long way.

Schedule

You can download the iCal file here.
  • Education Put in your application by 13th of February 2013
  • Jobs/employment by 14th of February 2013
  • Travel by 15th of February 2013
  • Others by 16th February 2013

By the 20th of February, I will start emailing interesting startups with dates and times to meet Dave and I in Bangalore, Mumbai and Delhi/NCR. If you have been thinking about how you can be a part of the 500 Startups family, this is your chance.