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Eximius Ventures

2 resources from Eximius Ventures we point founders to, and the questions each answers.

📄 Article
✓ Link checked India Free Beginner

A tight India-specific comparison with the rupee numbers you actually need: angels write ₹10 lakh to ₹3 crore from their own pocket and decide fast and informally, while pre-seed VCs write above ₹3 crore of LP money and run weeks-to-months of diligence. Read it right after the Blume piece to calibrate exactly how fast each type moves and what the process cost is, so you know why speed-and-conviction angels come first and the heavier institutional cheque comes once you have proof.

Angel Investors vs. Pre-Seed VCs: Who's The Right Fit For You

From Eximius Ventures by Eximius Ventures 10 min read

  • Indian angels write ₹10 lakh to ₹3 crore of personal money and decide quickly; pre-seed VCs write above ₹3 crore of LP money and run heavier diligence
  • A known fund on your cap table is validation that Series A investors trust later, which is what you are buying with the slower process
  • Most real pre-seed rounds mix both: a handful of strategic angel cheques plus one anchoring institutional cheque
Open eximiusvc.com →
Answers What is the real difference between angels, micro VCs, and institutional VCs, and who should I approach first?
📄 Article
India Free Beginner

Written by a SEBI-registered Indian pre-seed fund, so the worked example is in the deal shapes you will actually see here, and it cites a real Indian exit (Milkbasket to Kalaari) to make it concrete. On a $300K-for-10% deal at a $5M sale, it shows 1x non-participating pays the investor $500K while participating pays $905K, cutting the founders' share by $405K on one modest exit.

Breakdown of the Term Sheet: Liquidation Preference

From Eximius Ventures by Raunak Bhiwal 8 min read

  • A clean India-context worked example: participating preferred quietly moved $405K from founders to the investor on a single $5M exit
  • Non-participating means the investor picks the greater of their money back OR their equity share, never both
  • Frames 1x non-participating (capped at most at 1.5x to 2x) as the fair Indian-market standard to hold, referencing an actual local exit
Open medium.com →
Answers What is a liquidation preference and how can a 1x participating clause quietly gut my exit?
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