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Prasanna

๐Ÿ‘ค Speaker
391 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

It's the same.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

Indie VC has the same model, actually.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

There is capital.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

But I said restarting.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

It's like if there is a convertible debt for 100K.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

So think of the top 2%.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

Yeah, they're only B2B SaaS, right?

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

So think of the top 2% of companies.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

They're going to get hit a million and then raise 2 million or 3 million or whatever it is, right?

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

And so those folks, we will stay as equity.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

I mean, if you're taking money, I'm assuming, Nathan, that when you give money out to people, you want a return too.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

The terms are the terms, right?

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

So we are saying we get no equity.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

And if you talk to any of our founders, and if even a single one of our founders tells you that giving equity to Upega and having Upega as a partner in their long-term journey was not a good thing, then we'd change our terms.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

But that's not the case.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

The kind of support that we're providing to our founders, they can't get anywhere in India and maybe not even anywhere in the US.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

Because we are taking founders who have sold only in India, who have never even gone outside of India.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

We are helping them build a business that's global and get revenue that's global.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

So many of them, it's literally we are a partner who's helping them do things that they cannot do before.

SaaS Interviews with CEOs, Startups, Founders
The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation

We're not dumb money.