Upcoming Meetups in Ahmedabad
This week
Sep 05
Thu
06:30 PMThe Ahmedabad Startup Growth Forum
GVFL, 1221/1222, 12th Floor, East Wing, @Venus Grounds, @Venus Grounds,, Nehrunagar, Stratum, Stratum, Ahmedabad, Gujarat 380015.
Sep 06
Fri
06:00 PMEmpowering Entrepreneurship: LinkedIn Strategies for Personal Branding and Business Growth
IIMA Ventures, IIM Ahmedabad New Campus.
Sep 08
Sun
04:00 PMThe Startup Code Conference
Invite Only
Venue will be shared with confirmed guests.
Upcoming weeks
-
Sep 12
Thu
06:30 PMBuilding Your Founding Team: Insights on Finding Co-Founders and Early Employees
Online Session -
Sep 13
Fri
06:30 PMScaling Startups: Lessons from Top Founders
iHub Complex, Prajna Puram, KCG Campus, opp. PRL, Navrangpura, Ahmedabad, Gujarat 380015. -
Sep 13
Fri
06:30 PMInsights from Women-Led Businesses
GUSEC, Atal-Kalam Research Park Building, University Area, Ahmedabad, Gujarat 380009. -
Sep 14
Sat
06:00 PMDelhivery Growth Summit | Ahmedabad
Partner EventVisit the partner event link for the exact event details. -
Sep 19
Thu
06:30 PMFinding Your First 100 Customers: Insights and Strategies from Top Founders
Online Session -
Sep 26
Thu
06:30 PMCrafting Your Brand Online: Digital Marketing Tips for Startup Founders
Online Session -
Oct 03
Thu
06:30 PMFundraising for Startups: AMA with VCs and Angel Investors
Online Session -
Dec 20
Fri
09:00 AMTech Expo Gujarat 2024
Partner EventVisit the partner event link for the exact event details.
Proposed Meetups:
You can express interest in specific programs, and once enough participants sign up, we’ll make the session live, either online or in person.
-
Understanding VC Term Sheets
Online Session -
Validating Your Startup Idea
Online Session -
SEO Masterclass for Startups
Online Session -
The Art of Storytelling for Startups
Online Session -
Basic Legal and Compliance Essentials for Startups
Online Session -
Customer Retention Tactics: Turning Users into Advocates
Online Session -
Understanding Equity Splits and Co-Founder Agreements
Online Session -
Building Efficient Systems and Processes for Startups
Online Session -
Bootstrapping Your Startup: Lessons from Self-Funded Founders
Online Session -
Leveraging Partnerships for Growth: How to Scale through Collaboration
Online Session -
Optimizing Startup Finances: Managing Cash Flow and Burn Rate
Online Session -
Sales Masterclass for Startups
Online Session -
Failure Lessons: Personal Stories and Insights from Startup Founders
Online Session -
Using AI to Streamline Your Startup Operations
Online Session -
Unlocking Growth Through Government Grants and Startup Accelerator Programs
Online Session -
UX Design for Startups
Online Session -
Building Your First MVP: Insights from Founders and Operators
Online Session -
Preparing for Your First Round of VC Funding
Online Session -
Scaling Startups: Insights and Strategies from CTOs
Online Session -
GTM Strategies for US Market
Online Session -
How to Build a Loyal Community Around Your Product
Online Session -
Building a Remote Team: Best Practices for Startup Founders
Online Session
Discover startup folks from various eChai meetups
Ahmedabad Feed
Fundraising
eChai Buzz
Shark Tank
Meetup
Founder Updates
Launch
Insights
Podcasts
Startup Programs
SaaS
D2C
Climate Tech
Product
Exits and M&A
AI
Women-Led
Sales
How I Met My Co-Founder
Marketing
eChai Demo Day
Startup Learning Series: Understanding ROFR vs. ROFO
ROFR (Right of First Refusal)
➡️ What is ROFR?
The holder has the privilege to match any offer the seller receives before finalizing a deal with a third party. Essentially, they have the right to refuse an initial offer and step in with the same terms.
➡️ Example:
Startup A grants an investor a ROFR. If the startup receives a funding/ acquisition offer from Company X, the investor has the first shot at matching that offer before the startup can proceed with Company X.
ROFO (Right of First Offer)
➡️ What is ROFO?
Unlike ROFR, this gives the holder the first chance to make an offer before the seller approaches others. The seller is obligated to consider this initial offer before entertaining offers from third parties.
➡️ Example:
Startup B gives an investor a ROFO. If the startup decides to sell a portion of its shares, the investor gets the opportunity to present an offer first before the startup explores other options.
Which is more beneficial for Startups?
➡️ ROFO: This can be advantageous for startups aiming to maintain control and nurture strategic partnerships. It provides a structured process for selling shares and ensures that existing stakeholders are considered first.
➡️ ROFR: Startups looking for flexibility might prefer ROFR. It allows them to explore various offers and potentially secure a better deal.
Which is more beneficial for Investors?
➡️ ROFR: Investors seeking security and the ability to protect their investment may lean towards ROFR.
➡️ ROFO: Investors looking for proactive involvement and a first-mover advantage may find ROFO more appealing. It allows them to set the initial terms and potentially secure a deal before others come into play.
Considerations for both Parties
➡️ Negotiation Power: ROFO gives negotiating power to the holder by allowing them to set the initial terms.
➡️ Flexibility: ROFR provides flexibility for sellers to explore various offers before committing.
➡️ Relationship Dynamics: Both agreements impact the dynamics between startups and investors, requiring a careful understanding of the long-term vision and goals.
Conclusion
➡️ The choice between ROFR and ROFO depends on the specific needs and goals of the startup and the investor involved.
➡️ It's not a one-size-fits-all scenario, and understanding the nuances is crucial for creating mutually beneficial agreements.
Other posts in the Startup Learning Series:
🔗 Pre-emptive Rights: https://lnkd.in/dQKcThft
🔗 Liquidation Preference: https://lnkd.in/dRb2Eetc
🔗 Anti-dilution Clause: https://lnkd.in/dFSWs2xH
🔗 Understanding ROFR: https://lnkd.in/dxuVBxge
At STIR Advisors, we help startups and investors with our expertise to navigate through such intricacies.
ROFR (Right of First Refusal)
➡️ What is ROFR?
The holder has the privilege to match any offer the seller receives before finalizing a deal with a third party. Essentially, they have the right to refuse an initial offer and step in with the same terms.
➡️ Example:
Startup A grants an investor a ROFR. If the startup receives a funding/ acquisition offer from Company X, the investor has the first shot at matching that offer before the startup can proceed with Company X.
ROFO (Right of First Offer)
➡️ What is ROFO?
Unlike ROFR, this gives the holder the first chance to make an offer before the seller approaches others. The seller is obligated to consider this initial offer before entertaining offers from third parties.
➡️ Example:
Startup B gives an investor a ROFO. If the startup decides to sell a portion of its shares, the investor gets the opportunity to present an offer first before the startup explores other options.
Which is more beneficial for Startups?
➡️ ROFO: This can be advantageous for startups aiming to maintain control and nurture strategic partnerships. It provides a structured process for selling shares and ensures that existing stakeholders are considered first.
➡️ ROFR: Startups looking for flexibility might prefer ROFR. It allows them to explore various offers and potentially secure a better deal.
Which is more beneficial for Investors?
➡️ ROFR: Investors seeking security and the ability to protect their investment may lean towards ROFR.
➡️ ROFO: Investors looking for proactive involvement and a first-mover advantage may find ROFO more appealing. It allows them to set the initial terms and potentially secure a deal before others come into play.
Considerations for both Parties
➡️ Negotiation Power: ROFO gives negotiating power to the holder by allowing them to set the initial terms.
➡️ Flexibility: ROFR provides flexibility for sellers to explore various offers before committing.
➡️ Relationship Dynamics: Both agreements impact the dynamics between startups and investors, requiring a careful understanding of the long-term vision and goals.
Conclusion
➡️ The choice between ROFR and ROFO depends on the specific needs and goals of the startup and the investor involved.
➡️ It's not a one-size-fits-all scenario, and understanding the nuances is crucial for creating mutually beneficial agreements.
Other posts in the Startup Learning Series:
🔗 Pre-emptive Rights: https://lnkd.in/dQKcThft
🔗 Liquidation Preference: https://lnkd.in/dRb2Eetc
🔗 Anti-dilution Clause: https://lnkd.in/dFSWs2xH
🔗 Understanding ROFR: https://lnkd.in/dxuVBxge
At STIR Advisors, we help startups and investors with our expertise to navigate through such intricacies.
We are organizing a small gathering for startup folks in Jaipur this evening at DevX Anand Fort, Malviya Nagar, starting from 6:30 pm onwards.
If you’re in Jaipur and would like to join us, please let me know.
Being a startup entrepreneur is far from easy, as I've realized from my experience at Biziverse.
You must excel at making the product, managing finances, ensuring compliance, motivating your team, what not. One mistake and you face a disproportionately large punishment.
You cannot even expect support from the society. Some may look at you as a fool despite your multi role excellence everyday, or as an entitled "seth" even as you face nightmares of how to manage your next payroll. To them and to others, you must maintain the facade of "sab theek thaak hai" (everything's great).
This is where I realize the value of these three kinds of people: (1) Co-founders, as they share and lighten the challenges; (2) Investors, as they truly wish you well and help solve the critical challenge of finances, and (3) Startup communities like eChai Ventures, as you gain inspiration and wisdom from fellow entrepreneurs and their similar experiences.
We must realize and appreciate the roles of these three support sources, and even give back and give forward as much as we can! 😊
You must excel at making the product, managing finances, ensuring compliance, motivating your team, what not. One mistake and you face a disproportionately large punishment.
You cannot even expect support from the society. Some may look at you as a fool despite your multi role excellence everyday, or as an entitled "seth" even as you face nightmares of how to manage your next payroll. To them and to others, you must maintain the facade of "sab theek thaak hai" (everything's great).
This is where I realize the value of these three kinds of people: (1) Co-founders, as they share and lighten the challenges; (2) Investors, as they truly wish you well and help solve the critical challenge of finances, and (3) Startup communities like eChai Ventures, as you gain inspiration and wisdom from fellow entrepreneurs and their similar experiences.
We must realize and appreciate the roles of these three support sources, and even give back and give forward as much as we can! 😊
Welcome to “Kal Ke Krorepati” chhote sheher, Bade sapnein - Bharat ka Apna show.
Yesterday, Team Iroller achieved a “milestone” in the startup ecospace by bringing this show to fruition.
Last year we felt the need to explore this space. The show wouldnt have been possible without the unconditional support of GVFL Limited Saswat Sundar Sushil Sharma Sushanto Mitra Pranav Chaturvedi Marmik Shah Gautam Pai Kamal Bansal i-Hub Gujarat Neha Sharma Lead Angels Network Naveena Reddy Favcy Venture Builders Iroller Capital Pvt Ltd Jadeblue Lifestyle India Limited Karnavati University (KU) RITESH HADA Abhinav Kapadia PDEU Innovation and Incubation Centre Viral Shah M Nagarajan DevX Umesh Uttamchandani Jaimin Shah Jignesh Patel
27 startups, 9 funds, 1 show - Kal Ke Krorepati, Chhote sheher, bade sapnein.
This show is focussed on the innovators and entrepreneurs from Tier2 and Tier3 cities. Its not just another funding show. The objective of this show is to create more awareness and strengthen our startup ecosystem and provide the startup founders, not only with investments, but also venture building, scaling, cross border incubation and mentoring support.
As we embark on our journey to showcase this show on the national platform very soon, we sincerely thank Mr Suniel Shetty Sir who blessed us with his gracious presence and gave us immense strength to keep going. This not only validates our efforts but also strengthens our will and intent to mobilise the startup ecosystem.
Presenting our first chapter - Gujarat
Thank you Team iroller Jignesh Vasavada Hemendra Jadeja Shivani Thakkar CA Pratik Shah Prakash Chandwani Shoeb Bhojani Sidharth Doshi Arpita Chalishazar.
News coverage:
Yesterday, Team Iroller achieved a “milestone” in the startup ecospace by bringing this show to fruition.
Last year we felt the need to explore this space. The show wouldnt have been possible without the unconditional support of GVFL Limited Saswat Sundar Sushil Sharma Sushanto Mitra Pranav Chaturvedi Marmik Shah Gautam Pai Kamal Bansal i-Hub Gujarat Neha Sharma Lead Angels Network Naveena Reddy Favcy Venture Builders Iroller Capital Pvt Ltd Jadeblue Lifestyle India Limited Karnavati University (KU) RITESH HADA Abhinav Kapadia PDEU Innovation and Incubation Centre Viral Shah M Nagarajan DevX Umesh Uttamchandani Jaimin Shah Jignesh Patel
27 startups, 9 funds, 1 show - Kal Ke Krorepati, Chhote sheher, bade sapnein.
This show is focussed on the innovators and entrepreneurs from Tier2 and Tier3 cities. Its not just another funding show. The objective of this show is to create more awareness and strengthen our startup ecosystem and provide the startup founders, not only with investments, but also venture building, scaling, cross border incubation and mentoring support.
As we embark on our journey to showcase this show on the national platform very soon, we sincerely thank Mr Suniel Shetty Sir who blessed us with his gracious presence and gave us immense strength to keep going. This not only validates our efforts but also strengthens our will and intent to mobilise the startup ecosystem.
Presenting our first chapter - Gujarat
Thank you Team iroller Jignesh Vasavada Hemendra Jadeja Shivani Thakkar CA Pratik Shah Prakash Chandwani Shoeb Bhojani Sidharth Doshi Arpita Chalishazar.
News coverage:
eChai Startup Demo Days are happening in 7 cities in India this week.
- Ahmedabad at IIMA Ventures
- Bengaluru at Draper Startup House
- Hyderabad at CoKarma
- Gurugram at Nasscom Gurugram
- Mumbai at DevX
- Pune at Ideas to Impacts Hub
- Surat at Provyz
eChai meetups are also happening this week in Bhopal, Vadodara, and Bhubaneswar.
Free registration at eChai.Ventures
- Ahmedabad at IIMA Ventures
- Bengaluru at Draper Startup House
- Hyderabad at CoKarma
- Gurugram at Nasscom Gurugram
- Mumbai at DevX
- Pune at Ideas to Impacts Hub
- Surat at Provyz
eChai meetups are also happening this week in Bhopal, Vadodara, and Bhubaneswar.
Free registration at eChai.Ventures
Presenting Tide 2.0, an initiative in collaboration with the Ministry of Electronics and Information Technology & MeitY Startup Hub, designed to empower early-stage startups on their journey.
Whether you're a budding entrepreneur or a startup embarking on the development of groundbreaking solutions in any of the mentioned focus areas utilizing emerging technologies, this is an opportunity you don't want to miss.
Here's what you can expect:
- Grants of up to INR 7 Lakhs to supercharge your innovation.
- Portfolio support from us throughout your entrepreneurial journey.
- A range of additional offerings designed to fuel your growth and success.
Join over 30 startups that have already benefited and seize the opportunity to elevate your startup to new heights.
Apply now: https://lnkd.in/dZA5B4bP
Whether you're a budding entrepreneur or a startup embarking on the development of groundbreaking solutions in any of the mentioned focus areas utilizing emerging technologies, this is an opportunity you don't want to miss.
Here's what you can expect:
- Grants of up to INR 7 Lakhs to supercharge your innovation.
- Portfolio support from us throughout your entrepreneurial journey.
- A range of additional offerings designed to fuel your growth and success.
Join over 30 startups that have already benefited and seize the opportunity to elevate your startup to new heights.
Apply now: https://lnkd.in/dZA5B4bP
Preferred eChai Partner Brands
The preferred eChai Partner Brands program offers businesses increased visibility within the eChai Network.
Accelerators
Blockchain Development
Branding and Marketing
Brands Partnerships
Coworking Spaces
Customer Engagement Platform
Developer Tools
Digital Communication
Event Marketing
FMCG Food and Retail
Healthcare
HR Tech and Agencies
Investment Banking
Legal
Marketing Automation
Merchandise
About preferred eChai Partner Brands program:
The preferred eChai Partner Brands program offers businesses increased visibility within the eChai Network.
- Prominent Listing: Feature on the Preferred eChai Partner Brands page for a full year.
- Engagement Opportunities: Participate in approximately five highly relevant in-person eChai Meetups annually, providing direct engagement with potential partners, customers, and investors.
- Feature Spotlight: Feature on eChai.Ventures feed, highlighting the brand's story, achievements, and offerings to a founders community.
Connect with Jatin Chaudhary, Co-Founder of eChai Ventures, to learn more about how brands are leveraging this program. Reach out via WhatsApp or via email [email protected].