Discover more from Old Fashioned
finally soft launching my fund after a year in stealth
Last Updated 1 April 2023
If you’re looking to raise money for your prototype (not idea!), I would love to chat. Please send me a link to what you’ve built and a few sentences on you and why you built it: email@example.com
Website Link: Mohindra Fund
There are few criteria that I am unwilling to compromise on
Standard check sizes ranging from $5-10k
I can’t do less and I can’t do more at this time.
For 2023, I’m planning on cutting a minimum of 20 checks and maximum of 40.
I only invest in domains I have some familiarity with and am a value-add
Fintech, and B2B SaaS, Agritech are my personal preferences (in that order).
Founder - Investor fit is imperative
Yes, the idea and execution, but I only invest in founders I would work for.
They’re written off the second the wire hits your account
A double-edged sword: this does not mean I’m averse to advising you in larger capacity — I’m instead committed to the cause and growth of your company and do not want monetary incentivization to introduce decisions bias.
Deck is optional, prototype isn’t
I do not care for the TAM, but you’ve got my attention if you have something I can play around with.
If you’ve already raised and have lawyers handling the agreements, I’m open to working with them. Otherwise —
I have standard agreements which are pro-founder and are battle-tested.
A safety net is fine for the most part
There is no need (or rush) to quit your full-time job but once you’re fully allocated there is an expectation to pursue this properly.
One can expect (and should expect) to be allocated up to 250K from my network
I can and will help with fundraising your pre-seed and complete allocation.
I can’t and won’t help with everything (and nor should I)
Setting expectations is important.
I don’t mind or care for big names on the cap table.
I’ll be as hands off or on depending on the domain and founder need.
Once the diligence process kicks off, I prefer to close in less than 60 days
Barring any complications — which there really shouldn’t be at this stage anyway
Monthly updates are optional, communication is required
I index on the primary founder, and check for
ability to attract S-tier team
References available on request
I lean towards portcos with 2+ founders.
I’d ideally like to run them through Singapore / Caymans.
This early the right founder will figure the rest out