3 Important Factors To Consider Before Evaluating A Startup
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
In India, it is hard to follow your dreams and passion. The Vault by Jatin Goel aims to motivate the youth of our country to follow their dreams and embark their entrepreneurial journey .
When you make a pitch there are number of things that play an influencing role but according to Mohit Goel, CEO, Omaxe limited it nothing more than showing how passionate you are about the idea behind your startup. Goel shares with Entrepreneur India how to make the perfect pitch.
For him, there are three most important factors when evaluating a startup: the team, the concept and the stage.
Right Time For A Startup To Pitch
"So if startups are valuing themselves anything above 4-5 crores, I would love to invest in those startups.That also means they have tested the waters, the concept on the ground and they know what they are doing. That is the stage I would love to enter," he said.
What Makes A Perfect Pitch
Goel believes the investor is there to make money so the startup needs to explain the concept very well.
" Divide your pitch into 3 parts first pitch, first what you are going to do in next six months, the second could be what he is going to do in next two years and last saying the long run . If he explains his concept well then the investor can take a bet on that particular startup," he added.