How 100X.VC creates ‘social proof’ for seed-stage startups and drives deal flow for larger funds
Summary
The compulsorily convertible preference shares (CCPS) can be translated into equity when the startup they back goes on to raise capital.Essentially, iSAFE Notes allows early-stage startups to skip the tedious paperwork, avoid the pre- or post-money valuation games, and also prevent large equity dilutions that are typically associated with traditional venture capital rounds.100X.VC claims that over 400 angel investors have funded its portfolio companies directly using iSAFE Notes.Ninad Karpe, Partner at 100X.VC, said in a recent statement, 2021 is off to a good start. he says.a) BHyve (a Future of Work SaaS platform that helps companies document the tacit knowledge of their employees and launch peer-to-peer learning networks)b) Clinify (a marketplace of live interactive courses for students to learn new skills)c) CRE.CLUB (a social payments platform that allows shoppers to pay through social media posts at the point-of-sale)d) DataKund (a no-code, intelligent browser tool that allows users to build software robots to automate their work)e) FieldProxy (a SaaS platform that helps field servicing companies to better manage their on-field teams)f) Inzpira (a curated marketplace for live English language learning that allows students to instantly connect with trainers anywhere)g) Kroop AI (a service that detects deep fakes and helps enterprises authenticate audio and video samples)i) Powerbot (an energy analytics service that helps industries and commercial buildings optimise their use of electricity in real time)Manas, of Kerala Banana Chips, adds, I thank the 100X.VC team for shaping our idea into a well-prepped startup. Sanjays suggestions for growth and network, Yagneshs mentoring on the finance and investing side, Vatsals efforts on masterclasses and pitching, Ninads wisdom, and Shashanks thoughts on how a startup should be it has been transformational.In May, 100X.VC announced a partnership with LetsVenture, which will allow its portfolio startups to reach out to 7,500+ investors (angels, ultra-high-net-worth individuals and family offices) through the platform.Shanti Mohan, Founder, LetsVenture, said in a statement, This partnership provides an early opportunity to participate in companies funded by 100X.VC and support founders in their venture-building journey, with time and capital. The platform aims to catalyse the conversion of ideas into actual businesses, with the help of masterclasses conducted by experts.The course includes pre-recorded video lectures by entrepreneurs and investors as well as live sessions for personalised learning. At the end of Entrepreneurship Gurukul, the founders will receive a certificate of completion and an opportunity to get funded by 100X.VC.Ninad said at the programme launch, One of the main focus areas is upgrading skills related to developing scalable business models, pricing the product, and understanding finance.