Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

My team is in India. How should I approach investors?

I have been developing a mobile application with my team in India. I was born in the United States however; I am from an Indian background. I understand the culture, language and I have a really good understanding with my team. They are motivated, excited and love the fact that they can see their hard work is actually paying off. We are about 95% percent complete and will be launching in the next 2-3 weeks. However, I have bootstrapped as much I could and I need to go for a seed round. How should I approach investors with the fact that my team is in India?

8 Replies

Scott R Brittain
2
0
Scott R Brittain Entrepreneur • Advisor
CTO Snap Kitchen (We're hiring!)

Having had several Indian teams and funded several companies I'd offer the following:

- every situation is a snowflake so critique the strengths/weaknesses of your team in a geo-neutral way and present that the majority of the time

- play up your personal background as a risk reducing element ("I understand the culture, language ...")

- IMO industry-wide people have two main expectations/generalizations of India. First, labor is cheaper. Second, project delivery is riskier due to a number of factors that I'd summarize as "Americans and Indians don't see project execution the same". There's a lot of good research out on this. I recommend When Cultures Collide.

Peter K Chen
0
0
Peter K Chen Entrepreneur
Software/Growth Engineer
It's not necessarily a negative connotation to say that your team is based in India. I'm originally from Seattle and a lot of the people and friends I knew because of a certain tech company based in Redmond made it so that their teams were spread apart. Don't forget to clarify if your team in India are part of your cofounding team or just a contracted development firm. Y Combinator has also taken in Indian startups and flown them for interviews and those teams ended up deciding to move their company/team to the bay area for the program. I think traction would be a better focus of your time that will help in approaching investors.
Kate Hiscox
1
0
Kate Hiscox Entrepreneur • Advisor
Boss at Venzee
Agree with Scott - be geo-neutral until the question arises. You'll want to have firm and decisive answers in place for what happens to your team in the long run. Will you bring them to NA etc.

I would also look for investment in India where you might have more luck with VC's looking for a US investment but understand your team being in India.
Nveen Verma
0
0
Nveen Verma Entrepreneur
CEO & Founder at Creativforce
@ Scott - I just ordered 'When Cultures Collide' and will be taking the time to read it. Thank you for your input and I will take into all the points you mentioned into account.

@ Peter - The main reason I want to go for a seed fund is because one of the team member has the knowledge and expertise to be our co-founder. I would like for him to move to the US but I would need to sponsor him. He would be a great asset.
Rob Gropper
0
0
Rob Gropper Entrepreneur
Director at PetHero, SPC - Member at Eastside Incubator - Principal at Tuxedo Technologies Group
Nveen: always sell your strengths - you have no other choice. Try to turn perceived weaknesses into strengths. Have logical answers for your true weaknesses - accept the true weaknesses and don't try to ignore them or pretend they are not important. If investors perceive them as important then they are important. You bought the idea of having your dev team in India so what convinced you? look at things like dedication, cost, stability, cost, cross-cultural market opportunities (can you rationally build a customer base in India?), cost... did i mention cost? Is there a way to leverage Indian's living in the US as either a customer base or investor base? Obviously there are many successful US tech companies that have tech resources in India so you are in good company. How do they sell that as a strength? Your plan/pitch might also include a plan for how you will bring on a local dev team to compliment your team in India and/or transition your team to the US.
Francis Barletta
0
0
Francis Barletta Entrepreneur
CEO at UPTOP
Nveen, First, congrats and I wish you well on your venture. I'm not a VC or Investor by any means, but what you're doing can really be displayed in a very positive way. If an investor asks about your team, feel comfortable and confident sharing who and where they are, go a little further by sharing your goals with the team. If they ask the value proposition, your operations are running 24/7 and you're building global team experience. What you're doing is not uncommon and you shouldn't have to force an investor to believe or be comfortable with it. Be well - Frank
Steve Owens
0
0
Steve Owens Entrepreneur • Advisor
Finish Line - A Better Way for Small Companies to Develop Products
Join 1M by 1M - http://1m1m.sramanamitra.com/ Steve Owens - Finish Line PDS A Better Way for Small Companies to Develop Products e | Steve.Owens@FinishLinePDS.com p | 603 880 8484 w | www.FinishLinePDS.com 94 River Rd | Hudson, NH | 03051 Click for Product Development White Papers ---- On Fri, 09 Jan 2015 14:43:12 -0500 Nveen Verma<[removed to protect privacy]> wrote ---- FD:Discuss New Discussion on My team is in India. How should I approach investors? Started by Nveen Verma Staff Internal Auditor, Station Casinos. Previously Faculty Assistant, Marketing Department, UNLV. I have been developing a mobile application with my team in India. I was born in the United States however; I am from an Indian background. I understand the culture, language and I have a really good understanding with my team. They are motivated, excited and love the fact that they can see their hard work is actually paying off. We are about 95% percent complete and will be launching in the next 2-3 weeks. However, I have bootstrapped as much I could and I need to go for a seed round. How should I approach investors with the fact that my team is in India? FOLLOW DISCUSSION or Reply Directly to this email to participate in the discussion Manage your email notifications
Aji Abraham
0
0
Aji Abraham Advisor
Technology Expert for Startups
A remote development team is not real issue for most VCs nowadays. But in your case you are sole founder where entire team is out of country. So the risk increases if you decide not to pursue this venture or you are unable to pursue. I would imagine your chances for funding increases if you have somebody in your team locally. Funding is getting much easier in India in the recent years. You might want to pitch some local Indian VCs also.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?