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Nov 2023
36m 58s

Rethinking the VC Model

Step
About this episode
Rethinking the VC model is not just about securing funds but also about finding the right partners who understand your vision and values. Speakers Abe Seksek, Ritesh Tilani, Kenzie Falcoz, and Priya Rajan explored the changing face of venture capital and discussed how founders can connect with investors who resonate with their mission.Sign up for Step events https://stepconference.com/Subscribe now to the Step Feed newsletter for a daily roundup of the top tech & business news https://subscribe.stepfeed.com/_____________________HIGHLIGHTS(1:54) Challenges Faced by the Regional Ecosystem(6:21) The Evolution of the Startup Ecosystem in India (11:57) Ecosystem Hurdles(18:02) Alternative Models for VC (23:24) Understanding Venture Debt (28:06) Building Your Team(33:20) Balancing Freedom and Commitment_____________________QUOTES"If you hire people that are aligned in terms of your values, it's extremely helpful.""They're joining you, and they know what they're up to, and it's gonna be a long journey.""If you don't have that runway and that cash, and you don't get to the next level, then they're going to be looking for a job again soon, anyway.""It's a free world; they can work wherever they want, and they chose to work with you at the price that you set.""So as long as you're giving them those opportunities, they'll want to stay.""I would also encourage any first-time founder to be as transparent as possible.""They want to learn about the journey, what they have to go through to build a startup.""So that gives all of us hope as investors as ecosystem players of all sorts, right?""Don't quit your job though. Come talk to us.""Accelerators are perfect, especially if you're a first-time founder who has no idea how to launch, and studio venture studios are the best part. One founder journey is so lonely, and you don't know where to start, how to start, and that’s the best part."_____________________If you’re enjoying this podcast, please subscribe to Step Podcast and leave us a review!Spotify → https://spoti.fi/3LIG8wjApple Podcasts → https://apple.co/3PxIXU5Anghami → https://bit.ly/3lDKxG4
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