Bangalore Open Coffee Club on 29 Mar 2009
March 30th, 2009 | 
Author: Reached Zeo Coffee Shop by 10.10 AM (late by 10 min) by the time I entered the event has started… Not sure if there was a welcome note and self intro session…
The time I entered Mr.K.Ganapathy Subramanian guest speaker and a VC was already addressing the gathering… He shared many points and these are some of my take aways
-
How to approach a VC…
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How Due Diligence delays a funding process (This session had a debate)
-
How VC’s calculate their ROI
Then after the session was over Vaidhy (Founder of Chennai OCC, which was the first OCC in India) was asked to give a small pep talk and then it was networking time and I networked with some people… Unlike Chennai OCC (Which I still believe is better)… Bangalore OCC is organized and I must give full credits to Kakoli Das for her moderation skills, she brought back things back to the point when ever the topic was diverted…
Before wrapping I want to give a brief on take away points in details because it enlightens me;
How to approach a VC: KGS recommends to get linked with companies which were funded by VC to get linked with those VC… The reasons given by him made sense
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VC’s get lots of enquires and changes of our proposal getting lost or delayed in the stack is more, so if we move thru a known source chances of getting a quick review is high…
-
Person who had got a VC funding would have his own learning’s which will help us to avoid reinventing the wheel again…
How VC’s calculate their ROI: He said VC’s distribute their risk by investing 10% of the capital to companies which effectively means they will be investing with at least 10 companies… Let us assume for an example a VC firm has following;
Capital: Rs.100
Expected ROI: 20% of capital
No. of investment: 10 companies @ Rs.10 per company
Now here is the assumption or thumb rule
- 5 companies become bankrupt.
- 3 companies are average @ 5% each.
- Then how much the other 2 companies must perform to reach the yearly target of making 20% of the capital…
Formulae =
(Total Investment X 20% ROI) – (Investment A X 5%) – (Investment B X 5%) – (Investment C X 5%) = ROI expected on other 2 companies
These were some snaps which I took when the event was happening…
One with blue shirt is Mr.KGS…
Full gathering…
To know more about Bangalore OCC visit:
Blog: http://bangaloreocc.blogspot.com/
Twitter: http://twitter.com/occbangalore
Ning: http://bangaloreopencoffee.ning.com/
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Nicely written. I could feel the meeting, as if I have attended the sessions myself.
Cheers,
Gopal
Thank you Gopal… There is another OCC meeting happening in bangalore this sunday… You can check it in their website…