Investment Pitch FAQs FOR the ENTREPRENEUR


A Guiding Principles

Eligibility

  • Any NITT Alum who has founded or co-founded an entity, and has a minimum of 10% stake in the entity can pitch in for investment

  • NITT Entrepreneur wanting to make a pitch need not be Member of RVC.

Investment Sectors

  • Sector agnostic

Stage of Operations

  • Any stage in the startup progression : Ideation stage to Growth and Expansion stage

Fund Request Limits

  • No specific limits on fund request. This will be dependent upon the evolution stage of the company seeking funding.

    • No lower limit as entities in ideation stage can also pitch

    • The upper limit of investment for a deal may be in the range of Rs 1.5 to 2 crores

  • As a guidance, an interested RVC Member or a group of interested RVC Members will decide the amount to be invested in the startup seeking funds

  • RVC Members may syndicate the round with other angel networks, VCs to help the NITT entrepreneur community to get higher funding rounds

B Investment Pitch

Pre-Pitch

  • Submit the details requested in Preliminary Information for Investment form.

Pitch

  • Make a presentation to the Members

    • Opportunity to present will be given to all NITT Entrepreneurs who have submitted the Preliminary Information for Investment form

    • A broad structure of the presentation will be provided in advance.

    • Presentation duration will be maximum of 30 minutes, followed by 15-30 minutes of Q&A

    • Presentations will happen twice a month, around 10th and 25th.

    • Google Meet will be the presentation platform

Post-Pitch

  • Entrepreneur Communication

    • Within 10-15 days of Presentation, Entrepreneurs can expect the following

      • Feedback of the Presentation

      • Follow call and/or additional / supplementary details that may be requested

      • Decision on downstream actions will be taken by RVC Members

  • If Members are interested to move forward on a case

    • Interested RVC Members will form a Group

    • The Group will nominate a Lead Member/Team to take it forward

    • Lead Member/Team will hold detailed discussions, carry out Due Diligence, hold negotiations, draw up term sheets, etc., with the founders of the start-up

  • If Members do not want to take it forward

    • Provide feedback within 10 days

    • Facilitate advise / mentoring by experienced NITT Alumni

    • In the event the Entrepreneur seeks advice , appoint/identify mentorship team

C Role of RVC/GC

  • Serve as a platform and enabler

  • Administer compliance of the Preliminary Information for Investment form

  • Organise and facilitate Pitch Presentations and follow-up meetings until RVC member interest is expressed in writing

  • Communicate to Entrepreneur the decision of RVC Members – with regard to going forward or deferring

  • Once Members form Lead Member/Team for a deal GC will no longer:

      • be part of any decision-making process related to investments

      • detailed or additional due diligence

      • GC member(s) maybe be present in meetings on the invitation of the Lead Members/Team, more as observers

  • RVC/GC will periodically gather information from both Entrepreneur and the investing RVC Members concerning key milestones