We have already got a remarkable response. More than four hundred plus organization have applied to join the class. We have five limiting factor for screening.
1st is the founders’ selection—do they perceive the space, do they have expertise in that zone. Typically, we fund a array, not a solo founder.
2nd , does the business model have power.
3rd , what is the unfair edge or moat, and last is the judgment of 20x return—will I be able to get 20 times ROI on my exit.
I have had twelve exits till now, over seven years of investment experience, fourteen companies dead but I just write them off; I don’t get into the salvaging company.
My belief is that we should be able to create Two Hundred-odd unicorns in India by 2025 and I should be part of that unicorn list in at least 10 to 20% of the organization. If I have to do that, I need volume-based investing. Another schooling which I have is what in baseball is called the Babe Ruth effect, which defines every ball which is thrown to you; you will push it out of the park. So, the more shots I have, better the chances are. If I invest in hundred companies, the result is higher .
