In this Conversational Masterclass, we provide a comprehensive overview of what it takes to successfully run a VC. We discuss establishing a structure, formulating an investment thesis, creating a sustainable deal flow, and the art of balancing relationships with your LPs and community. Leading this Masterclass is Sanjay Nath, Co-founder & Managing Partner at Blume Ventures, one of India’s leading and most impactful early-stage venture funds. Focused on seed to Pre-Series A stages of funding, Blume completed 100+ investments across its 10-year history, marked with prominent exits.
Introduction: Reflecting on the past decade. - Ajay Menon [ 04:47 ]
Introduction: Reflecting on the past decade.
Prior to Blume, Sanjay was an active angel investor through Mumbai Angels. His angel investments include Inmobi, LittleEye Labs (acquired by Facebook), Tonbo Imaging, Svasti Microfinance, and 6Dbytes (Blendid), amongst others. He reflects on changes in the Indian investment landscape over the last decade.
Getting started – establishing a structure - Ajay Menon [ 12:29 ]
Getting started – establishing a structure
What constitutes a minimum viable fund, seeking out the right set of LPs to align for the long-term, optimizing capital allocation, fee structure and who is not cut out to be a VC are topics of discussion.
Defining your investment thesis and creating deal flow - Ajay Menon [ 14:57 ]
Defining your investment thesis and creating deal flow
Learn about crafting an investment thesis as we delve into how Blume’s investment thesis has changed over the last 10 years. Understand two types of investors 1) futurists and 2) historians. Other themes discussed: creating a sustainable deal flow, and nuances of evaluating a deal – “VCs invest in a line and not a point,” says Sanjay.
Managing your portfolio and LPs - Ajay Menon [ 15:16 ]
Managing your portfolio and LPs
At the core of Blume’s philosophy is cementing long-term, fulfilling relationships. Be it it’s limited partners (LPs), co-investors, portfolio, and community. Sanjay shares insights into what it takes to do just that. We also discuss the importance of building a network for your portfolio to benefit from, such as access to other investors, markets, and partners.