Preseed Startups

Proceed only if you value the presence of a mind that is Preseed as a 10% of your business, if that can enable you to do the right things in life, just by virtue of conversations. To know possibilities conversations with us can lead you to you need to visit www.preseed.in as if this was going to be the next most important decision you were going to make. READ WELL.

Below is the indication towards the art that you will become

Being a Preseed Startup simply means that you will get access to a team on Chattodo where you can raise any doubt and someone will come to address it from among the names of people mentioned on preseed.teampage.io. I will be present occasionally to.

We take 10% to do so for your startup. How does this help your startup?

You get an opportunity to build relations with the following people across a plethora of activities and lessons. This in turn opens a world class network for you. 10% of your business is about having the right kind of openings and network.

It is at the prerogative of the person communicating with you on our behalf, as to who he opens the relationship with, for you. We do this for efficiency and relevance in communication. Often times our representative will be brilliant enough to solve all you concerns. You may not even require the rest from the network.

You may write to us at startups@preseed.in with your Slide Deck. Write anything and in as many words as you like. But attach a thoughtful slide deck. Remember, we will share this email with our trusted network. Make it count. You never know which one among them may turn out to be the man with the exact information you required.

Don’t write to us if you are not ready to share 10% of your company just to have conversations with us. Really.

We are not going to be about number projections. We are going to be about empowering entrepreneurs that have an incredible ‘idea’, prototype, a great team and an iron will to execute. We never ask for projections from our startups. This is going to be about very early stage startups and we will make it be this. This will set us apart from a lot of other accelerators.

Our team and extended network has fair knowledge about what is going on in the web, and that makes our team identify novelty really well.

As soon as we list you here, we open some possibilities for your opportunity to get discovered by those who open Preseed. It may lead to some solid connection for your idea/startup. Many talented people open the webpage of Preseed and get led to develop relationship with our startups.

Also immediately after we list you, you settle somewhere in our minds. That means, in a day when we research on matters of interest to us, we research for you too.

The things we do in a day, enable us to stumble upon many teams with a strong will to build further upon their startups, with supporting skills, fully a market ready product, logistical and back end capabilities. Almost invariably, if we find them good enough to stimulate our minds, we would have views for them that could help them make further progress. But these views are not mere theoretical views, these are strategies that need to be executed beyond the current capabilities of the startup team. So, in order to help these teams at different stages of the startup life cycle we have allowed for such teams to build relations with the our vast network of people. May be someone among them may say yes to help you execute.

Note -: If you are coming to us to do a deal with us, not for our minds, but for the money/monetary investments/some execution. Then we are not a right place for you to apply to. We are not a fund. Nor are we a digital agency. If you need our mind, then we are the place for you.

We love the fact that you are writing codes and designing upon your ideas right from your bedrooms and dormitories. We also love that not having the money or other resources to build upon your dream doesn’t stop you from doing so. We love it all so much that we decided to help you.

We mostly work with early stage startups, for a period of 1–3 years; and keep 10% ownership in that startup (without investing any money in it, for we are not a fund, but we are your hands on partners at vision, direction and all complicated last mile things).

To Preseed Startups Applicants,

If you don’t have a slide deck, make one. We won’t be able to serve you without one. I have written a lot about what a slide deck should be about here. Make use of the free gyan from me about making of a slide deck.

Among other things listed above, as Preseed, some personal solid mentorship is what we will give you for now. We wont be hands on with you. We will just guide you, remotely.

For increasing the scope of our service to you, we suggest you discuss the matter with Nishchal, here.

By becoming the founding guides in your startup, we want to take a chance, in our own way, with whatever gets built here on the culture and soulful foundations influenced by Preseed, which is known in closed circles to have an incredibly inspiring culture of ideas, faith and action.

Policy: There is no room for negotiation. We would rather sit silently, than waste our energy in any form of fee negotiations. We also give a dashboard to our vendors to rate clients on their ease of working with you. Our participation with you is directly proportional to this rating of our client.


Note:

It is also necessary that when you will raise further funds in future then you may have to issue fresh shares to external investors and this may result in “dilution” of x% stake of Preseed in the then equity share capital of your company. This issue needs to be addressed by the CA who is advising you. Please also ask your CA/lawyers/advisors to create a Legal Agreement [Shareholders’ Agreement] that ensures 10% of equity of your company in favour of Preseed and what services will be sought by you from Preseed (which should be from within the scope of what is written here). Preseed will also like to know who are the other Shareholders in your company as those shareholders will have to sign the referred Shareholders’ Agreement along with a “Deed of Adherence” which shall also be signed by all future subsequent shareholders of your company ensuing seamless x% stake to Preseed in equity share capital/ownership of your company in future too.

Remember, some startups fail at utilising their advisors because they don’t listen well. They may be sent an email with instructions or steps, but they will mess up the order of the steps and expect results still. I recently experienced this with a food startup I am advising. They had to first transfer 10% equity to my company in good faith. And then I had to help them achieve their slide deck and vision with clarity. They underestimated the importance of this step, and jumped straight ahead at an introduction I baked for them, for I trusted the startup, before even the share trasnfer. They thought this was it. Little did they know that a pipeline of such intros needed to be created, because some intros were going to actually lead to investment, and some not. They burnt their energies in pursuing one person, instead of drafting a deck that I approve of, and then emailing it to many such investors and then picking and choosing from there, one at a time — after the best among them says no, proceed to the second best.

If you agree principally you agree that after a call with Nishchal you will proceed to sign a MOU which will clearly indicate the transfer of your startup’s 10% equity to Preseed, where the startup is well explained

We expect to have atleast 1 unicorn from among our portfolio startups in 3 years. Implying 100s of millions of dollars in value creation for Preseed in 10 years.

After our MOU is signed, we will add you into our culture by adding you into our portfolio at Startup Kitchen where we educate, inspire and co-build early stage startups. In that mentorship, how you will raise investment, some leads to investors etc. may happen.

Dig Preseed well if you have a consumer web product that is just ready to have its first set of users, regardless of how ugly it looks.

Attributes we are looking for in your MVP, before we come on board-:

  1. A design that works.
  2. A product if executed well can be used by 1000s to millions of users someday.
  3. A product fairly differentiated with a similar product out there on the web anywhere in the world.
  4. The attributes of a good marketer — Here is an article and another one that may help you understand this.

Here are some resources that I have written to aid you in your presentation the day you sit with us to vet your presentations before they reach the investor:

The following articles have a list of questions which must be prepared before pitching your startup before an investor.

“The busiest of investors give high regard to an introducer who they trust with his business acumen and past credibility. So it would be in the interest of your goals with this investor to find yourself a well regarded individual from the industry to introduce you to the investor. What do I send to the introducer?

If you are sending the slide deck to an investor then you must also send these details along with the slide deck, and the slide deck should be in sync with this article.

OUR WEBSITE -: http://startups.preseed.in

Our team and extended network has fair knowledge about what is going on in the web, and that makes our team identify novelty really well.

As soon as we list you here, we open some possibilities for your opportunity to get discovered by those who open Preseed. It may lead to some solid connection for your idea/startup. Many talented people open the webpage of Preseed and get led to our startups listed there.

Also immediately after we list you, you settle somewhere in our minds. That means, in a day when we research on matters of interest to us, we research for you too.

As soon as we find time to look into your application, we will. We will soon thereafter, do a deal with you and get you started on your journey with Preseed.

OUR WEBSITE -: http://startups.preseed.in

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