SAIF Partners recently announced leading the seed round in TouchTalent, NCR based startup. In the past, we have seen several early stage startups raising funding from a VC.
While that’s good, there are several questions that one needs to answer – most important one being a what if scenario. That is, what if the VC doesn’t invest in Series A (for whatever reason)?
Given that investing is ‘also’ driven by perception, VCs wouldn’t like to touch a startup which has been rejected by its existing investor.
Also, how much time/bandwidth do VCs have for early stage startup portfolio? Is it worth for a startup to go for a big brand name vs. a few angels?
There is no right answer. But let’s hear it out from SAIF’s Mukul Singhal and TouchTalent’s Ankit Prasad who discussed this (in a very informal setup during the networking evening) at UnPluggd, India’s biggest startup conference!
And by the way, Ankit dropped out of IIT D to pursue his passion, i.e. TouchTalent.