Just a day after entrepreneur Sumanth Raghavendra started listing out "Good VCs and Angels in India" on Twitter, Mint has published a 2.5 page "tell all" by Printo founder Manish Sharma on the issues he faced with his VC investor.
The main focus of the problem seems to hinge around "tranching" - ie , the investor staggering the transfer of the investment amount based on performance milestones - and how circumstances changed (owing to the 2008 global market meltdown) by the time the next installment came due. With markets looking shaky almost exactly eight years since, the Printo tale seems a timely one for entrepreneurs agreeing to tranches in their funding agreements.
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The main focus of the problem seems to hinge around "tranching" - ie , the investor staggering the transfer of the investment amount based on performance milestones - and how circumstances changed (owing to the 2008 global market meltdown) by the time the next installment came due. With markets looking shaky almost exactly eight years since, the Printo tale seems a timely one for entrepreneurs agreeing to tranches in their funding agreements.
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to Sign Up for the FREE Weekly Edition of the Deal Digest: India's First & Most Exhaustive Transactions Newsletter.