Understanding Venture Capital Term Sheets - Startup Saturday

Name: Understanding Venture Capital Term Sheets - Startup Saturday
Start: 2018-01-20T22:30:00+05:30
End: 2018-01-21T01:30:00+05:30
Location: Centre for Innovation Incubation and Entrepreneurship, IIM Ahmedabad CIIE, IIM new campus, Sargam Marg, Vastrapur

Happened

Saturday, 20 January 2018, 10:30 pm - 1:30 am

Centre for Innovation Incubation and Entrepreneurship, IIM Ahmedabad CIIE, IIM new campus, Sargam Marg, Vastrapur

Ahmedabad

About

Every month we see hundreds of startups raising funds, But there are very few founders who truly understand the importance of Term sheets to their business. In response to this, we felt it was necessary to simplify and explain the intricacies of a typical term sheet from some experienced Entrepreneurs. A term sheet is like a marriage between your company and your investors, but with a lot less romance or open-ended trust. It dictates who gets what financially, and who gets to do what legally, in almost every scenario. For a full guide to understanding term sheets for both investors and entrepreneurs, Join us for in-depth discussion on "Understanding Venture Capital Term Sheets" - Startup Saturday Ahmedabad's January Edition. ________________________________ Speaker: Sumit Karanji Co-founder, DSYH Sumit Karanji, as the CoFounder & COO, leads the Strategy and Operations of DSYH, which is India’s 1st Reconciliation As A Service Platform for Sellers on E-Commerce identifying revenue leakages in financial transactions and pioneered the concept of Reconciliation, Business Analytics and Information visibility for Sellers to conduct business online. Under his leadership in Operations Function, DSYH Sales Team grew from a 2 to 35 member team, with revenues from Scratch to $500000 ARR in less than 18 months growing user base from 0 to more than 600 SMB’s including large consumer brands like Reliance. Sumit is also one of the key co-founder looking after raising funds and liaising with investors. He was instrumental in raising $250,000 for DSYH as a Seed Fund and handling investors on a regular basis. Mr. Ruchit Surti, Co-founder, Locanix Ruchit Surati is an entrepreneur and technologist with breadth of experience in the field of IoT, M2M, sensor networks and Data Analytics. He founded Locanix in the year 2012 - A company in the IoT space that is dedicated to solve problems in the field of Logistics and Infrastructure industries in India. Not only He has built a scalable technology platform for IoT but also commercialized it successfully in India. He is on Board of Mentors in GUSEC - Gujarat University Startup and Entrepreneurship Council. ________________________________ Agenda: 05:00 PM Registration & Introduction 05:15 PM Understanding Venture Capital Term Sheets by Mr. Sumit Karanji 06:00 PM Soft Loan for Startups - Everything you need to know by Mr. Ruchit Surti 06:45 PM QnA 07:00 PM Networking ________________________________ Free & Open for All. Register here: http://bit.ly/ssahm_jan2018

Founders here come to know a few brands well.

Those are eChai’s partner brands. Over a year, founders across the network learn their names and their work, and when somebody asks around for what they do, theirs is the name that comes up.

Partner brand founders together at Zestard HQ, Ahmedabad

What a year inside eChai does for your brand.

Each partnership comes with presence across eChai, introductions to the right founders, and a team that stays involved through the year. And each one is shaped around what the brand wants out of it.

Who you meet

Founders learn your name, then your work.

Over the year they keep running into you: at the gatherings, in the series, on the pages they read through the week. So when one of them needs what you do, they come straight to you.
We introduce you to the people you want to reach.

After seventeen years of gatherings we know who has built what, and who works with whom. Tell us who you are after, or we come to you when the right person shows up, with your story and why you two should talk.
You are invited to the gatherings that fit.

Open houses, Demo Days, the AI sessions, FailCode, the curated socials and the smaller dinners, some of them by invitation. When one fits what you do and who you want to meet, you are on the list.

What we do with you

We sit down with you on your story, your brand and your business.

One to one, more than once in the year. We have heard a few thousand founders, so you hear fairly quickly what is working, what is not, and what we would change first.
We take your team through what AI changed for us.

Almost everything eChai builds now has AI in the workflow. We go through what we tried, what worked and what wasted our time, and then connect you to founders further along than us.
You can ask us anything, whenever it comes up.

Every week we hear what founders are building, what they recommend to each other and what they have moved on from. Twice a year we go through what it means for your category. In between we answer, or find a founder who can.

Where your name runs

Your mark comes round under every page on eChai.

The wall of partner brands under the site's pages draws a different ten each time, so yours comes round on the city pages, the event pages and the notes founders read, all year. Your page on echai.ventures stays up after it, and your name runs through our LinkedIn, Instagram and X.
The blue tick puts you first wherever founders are listed.

The tick and your company's mark sit beside your name across eChai, and lists of founders put the blue ticks first: your city's people, the directory, and the roster of every gathering you go to, after its hosts and speakers.
Your company carries its mark on the Startup Grid.

Where your company is on a city's map of its startups, it is drawn by your mark rather than a dot, opens on your own words and pictures, and is a stop on the tour the map offers of its partner brands.
You write and speak here under your own name.

You come into the series we run online (How Founders Use AI, the founder conversations, the long reads) where you have something real to say, and you write in Founder Notes, where founders across our cities write about what they are building.

The brands working with us.

How it works.

A partnership is for growth stage founders who want to come in as a partner brand, and it runs one year at a time. The brand fee for the year is paid to eChai. An affiliate share runs alongside it, linked to the outcomes we drive together. Both carry GST.

Everything a partnership comes with

To come in as a partner brand, write to me at [email protected] and tell me what you want the year to do for your brand.