Mohindra Fund

finally soft launching my fund after a year in stealth

1-min read
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: viren@mohindra.fund

Website Link: Mohindra Fund

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There are few criteria that I am unwilling to compromise on

1. 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 40.¹

2. 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).

3. Founder - Investor fit is imperative

   • Yes, the idea and execution, but I only invest in founders I would work for.

4. 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.

5. 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.

6. 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.²

7. 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.

8. 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.

9. I can’t and won’t help with everything (and nor should I)

   • Setting expectations is important.

10. 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.

11. 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

12. Monthly updates are optional, communication is required

    • I index on the primary founder, and check for

      • willpower

      • intelligence

      • thoughtfulness

      • appropriate greed

      • appropriate discipline

      • high velocity

      • daily expectations

      • ability to attract S-tier team³

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References available on request

1. I lean towards portcos with 2+ founders.

2. I’d ideally like to run them through Singapore / Caymans.

3. This early the right founder will figure the rest out