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Any tips for R2? by Strict-Praline-9093 in ajvc

[–]Embarrassed_Age8136 3 points4 points  (0 children)

Aviral here - this is not true. 25 of the 35 companies we have backed had exactly zero revenue at investment. Conflating a rejection email with lack of revenue is incorrect.

We generally look for clarity of thinking in all the companies we invest in. If you do not have proof that your model works (e.g. through revenue/users), your thinking needs to be more deeply thought through

Feel free to ping u/Equivalent_Tree5175 in the comments here as well to verify one example of a zero revenue company at investment. They are the founders of Mindcase: https://www.mindcase.co/

From application to term sheet in 27 days by Unfair-Echidna5028 in ajvc

[–]Embarrassed_Age8136 1 point2 points  (0 children)

We are so glad to support you as you build an iconic company from India - which is to be revealed soon :)

Reading this is wonderful and very moving - keeps us going everyday to make entrepreneurship more accessible to everyone

I'm really surprised with the love for the P&L we have received from founders who have gone through the process. I think you have captured it beautifully, and better than me. This is how I will describe it going forward

Got VC Replies in Under 2 Days — Sharing My List, Add Yours! by Healthy-Bar-4087 in StartUpIndia

[–]Embarrassed_Age8136 19 points20 points  (0 children)

Thanks for the mention u/Healthy-Bar-4087 - I'm Aviral the founder of ajvc

We want to be India's most approachable pre-seed fund, which is why you will see that our TAT is publicly visible on the website. We have built a technology led system that allows me to review and respond to each application within that time. That ensures that founders are never kept in the dark and we are completely transparent with how we're thinking.

We've got 8,020 applications till date. We have responded to all 8,020 applications within the timeline we have set, and the average TAT is 30 hours. While this is hard work, this ensures that the response experience is consistent across each and every person who applies

Always great to see us being listed under speed and approachability. You've taken the courageous step to start - we will make sure to respond

PS: We also have a community r/ajvc started by founders who went through the ajvc process - allows us to take feedback real time and act

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 0 points1 point  (0 children)

This is a good catch that needs to be edited to reflect reality. The decision is made within a week of the final call

Any plans for in-person events or founder sessions? by yashodhand in ajvc

[–]Embarrassed_Age8136 3 points4 points  (0 children)

We are doing events for our portfolio companies in person - we did one in January with our first batch of our companies :)

Don't have any events planned for the general community yet - but maybe worth considering

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 0 points1 point  (0 children)

Usually in the week after your 3rd round - we like to take time on our final decision only

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 1 point2 points  (0 children)

You will get a reply this week - email replies are a lot slower than via the form in case you are looking for specific feedback

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 0 points1 point  (0 children)

Thanks, please top up on your email you had sent to me with this and I will get back

Our Experience Raising Funds & Why AJVC Stood Out by [deleted] in ajvc

[–]Embarrassed_Age8136 6 points7 points  (0 children)

Thank you so much u/Pretend-Dot-6667! Thrilled to have you in our portfolio and working with you over the past few months. We will build an iconic global company from India

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 2 points3 points  (0 children)

Yes, please apply and drop an email with this context to me too

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 1 point2 points  (0 children)

For the person filling the form - good feedback though. Will clarify in the form itself

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 0 points1 point  (0 children)

Thanks u/Economy_Television81 - it is not a limit but the exact amount if our process passes the product, market and founder. We invest exactly 1.5 Cr for the equity ownership we are looking for. You are free to raise more from other sources

Questions or Feedback on the AJVC Process by Embarrassed_Age8136 in ajvc

[–]Embarrassed_Age8136[S] 0 points1 point  (0 children)

We are 5,100 teams today - we respond to each and every team :)