The amazing penetration of the concept of seed funding for startups is quite evident from the enquiries that startupmentor gets on a daily basis from
Interiors of Odisha, Bihar, Maharashtra, Kolkata are bustling with the startup bug and are very active in seeking information.
Seed fund events are always full to capacity Startupmentor does it differently. Says, Girija Nair, “If you cannot manage to sell your concept, service and yourself to your friends and family, how ready would you be to convince the investor we get?”
Startupmentor therefore, does not take ventures who approach for seed funding.
The demerits of seed funding, as Girija (founder )sees it:
- Low or almost no valuation
2. Early dilution and that too, a good percentage, at times, even the majority of stake.
3. Huge delay in the process of locating, applying, pitching, shortlisting, negotiations and so
“All this time can be utilized to executing an idea, rather than spend time in locating seed funding. And ventures with founders having no skin in the game are a risky affair.”, feels Girija.
Startupmentor, as a policy, therefore, only backs ventures who have their own seed funds. With a fantastic, flexible engagement terms, startupmentor assures complete mentoring on all aspects right from conceptualization, technology, business and revenue models, right accounting practices, statutory norms and host of unexpected situations. Staying true to Idea to Investment! Currently startupmentor is mentoring start-ups like house of courses House of Courses is a house to all the short term courses available under various colleges/ universities in India. All the students looking out for courses pertaining an year or less than an year, can benefit from this website. This site provides extensive database of various colleges and institutes that provide short term courses to enhance your skills
The core team of Startupmentor includes 34-year-old Barun Modi,co-founder an engineer with 10 years of experience in digital marketing and development, and Founder and CEO of Agile Business Solutions