Indian Angel Network, Mumbai Angels Eye More Investments
According to this article in the Business Standard, angel investors’ groups Indian Angel Network (IAN) and Mumbai Angels are planning to make several new investments in the coming months. Indian Angel Network is planning investments in two more companies and is also planning on forming a fund versus the current practice of just individual investments. Meanwhile, Mumbai Angels will be shortly making four more investments in the Internet, travel, manufacturing and software space. The target is to do do 10 deals by the end of the year.
Any clue if Indian Angel Network invests in companies which compete with some of their participant organisation members like naukri.com
Question is some one comes up with lets say a Job portal or a Real estate portal will IAN consider such proposals or reject them as they will be conflict of interests with their member organisation?
cheers!
IAN has internet companies like google, naukri, etc. This is a serious conflict of interest and i find it extremely amazing that such a thing has happened. Angel networks should as a rule refrain from admitting (competiting) companies.
I mean what the hell are people thinking!
I feel some of the guys such as google could be using this practice to gain ideas/market intelligence…defi a smart way to do such things…its a serious conflict of interest..one as an entrepreneur will be highly discouraged to present to a band that has competing companies on board..with probably no clear ways to share info only among the non-competing members
Most Indians (IAN in this case) would sleep with almost anybody(MNCs inthis case) to gain a better brand image w/o looking into the suitability of the occassion.
No wonder we had been ruled by foreign powers. Smart foreigns MNCs !!!
more than anything…probably its just a matter of putting right practices into place such that any new ventures prospects interests are not hurt…but i guess all this requires more than just deep pockets!
Have interacted with Mumbai Angels – very good set of guys who have made couple of good investments. (Guess the investment in Madhouse was the sad one). Heard from few that they move at a rapid pace unlike many other Angels. Hope they continue to have the focus and continue to invest.
I think having corporate VC (like Google) as part of your group is not a good news for entrepreneurs. Corporate VCs should be approached by a startup they feel that VC is not a potential threat in the short term. Am sure smart entrepreneurs would avoid going to IAN.
in response to bapi and tapdance, IAN/BoA is partcipated by bunch of investors. these investors take decisions in their individual capacity. for example, if any venture in the jobs, matrimony space comes in, infoedge owner (naukri, jeevasaathi guys) who happens to be a member of IAN will stay away. but other investors are free to pursue and invest…Angel Networks operate differently as against VCs….
We have discussed enough about ideas, ventures and investments. The most imp. aspect of any concept stage venture is 'confidentiality'. are investors trustworthy when we share our business plans with them? i believe NO. one of the reasons they don't sign NDAs is to be able copy and handover/invest in the buz plan to the team they believe in OR discourage to avoid competition. i have a 'real' case as an example. how do we counter this?
I have fully prepared plans relating to the food processing industry in North Bihar. I am a 36 yr old serving officer of the Indian Army originally from a village in North Bihar, and inspired by HH Sri Sri Ravi Shankar, want to go back to my roots, and contribute in my own small way towards development of the region. I have completed more than 15 yrs of active service, and am fully fit and full of energy. I have survived a SEVERE Head Injury in Nov 1993 without any side effects, and this is another compelling reason for me to feel that I am 'destined' to carry out this activity. I have, however, lost most of the hair on my head, and the scars are also glaringly visible.
Will someone kindly contact me at bpfp@rediffmail.com to whom I can send my project profile?
INTRODUCTION
The proposer is Major Arun Kumar Jha, a 36 yr old serving officer of the Indian Army, originally from Bihar though born and brought up in Lonavla in Pune district of Maharashtra. He studied in Don Bosco, Lonavla and in Fergusson College, Pune before going for his Military training, and has presently completed more than 15 yrs of active service in the Indian Army. He wants to put to constructive (and productive) use, his knowledge and experience of practical man management for an enterprise in his original state of Bihar.
THE INDUSTRY
Food Processing Industry.
THE FUNDS
$ 40 Million by 01 Jan 2012. $ 40 Million in further steps till 01 Jan 2017 to a total of $ 240 Million.
COMPETITION
No competition on the scale visualised, exists in the area.
PROFITABILITY ANALYSIS
The land in the plains of North Bihar is very fertile due to the silt deposited by the rivers flowing from the Himalayas to the Bay of Bengal over the yrs. Global warming guarantees the high level of ground water in the area. The potential of agriculture related entrepreneurship thus holds great promise of profits besides many other incentives from the Govt of India, and the Govt of Bihar.
THE PLANS
· Inspire the residents of the area to set up their own Rood Processing Units –FPUs– (through the efforts of the Art of Living (HH Sri Sri Ravi Shankar) the world’s largest NGO.
· Guide the residents regarding the available Govt incentives and the rules relating to Registration and Licensing of their FPUs.
· Set up Seven Packaging Parks all across the identified (flood free) areas in North Bihar, from where the guidance will be given and the products of the FPUs will be attractively packaged.
· The rules will be so framed, that all FPUs will be responsible for their produce and will get profits commensurate to their products, all activity being computerised.
· The Packaging parks (each raised on funds of $ 40 Million) will consist of structures built on neighbouring plots of land (since a single large piece of land will not be possible); minimum 200m x 200m in area, or larger as per the requirements. All these structures will preferably be clustered together.
· The structures will be two Cold storages, food packaging plants, a Vehicle park (with complete repair facilities), the Office Area, a Medical Inspection Room and a Shopping Complex. Other structures revealed from experience and research will also be incorporated.
· The Marketing will be coordinated from the HQ (Marketing Dept) located in Pune.
· The staff, all from outside Bihar, will execute the laid down instructions researched in the preparation period by the proposer.
· Detailed (draft) plans have been prepared; just the Venture Capital is awaited.
BENEFITS
The project being planned on this scale is likely to result in a number of benefits, the major ones being: -
· A decrease in migrations from (North) Bihar
· Profits of all concerned parties
· Raising of the general economy of Bihar, and,
· A definite rise in the agricultural production of India.
PROFITS/BREAKING EVEN
The assessed gestation period of the enterprise is five to seven yrs. After the enterprise gets consolidated it is proposed to go in for a strategic merger with/acquisition by some Indian Multinational company. The VC firm would get its profits, and the acquiring company would get its Media mileage. After the BPFP Enterprises are acquired, the proposer might consider becoming the President, Bihar Operations of the company for life (in charge of the HQ in Pune city in Maharashtra, and of the first Packaging Park in Bihar).
CONTACT DETAILS
The email of the proposer is bpfp@rediffmail.com and his postal contact address is:
Major Arun Kumar Jha
No 4 Det, SWCCIU,
C/O Station HQ,
Bhatinda Military Station.
Bhatinda, Punjab.
PIN: 151004