The 91 Ventures (Global) Syndicate will focus on LPs which are Non-India Residents. For Indian residents, the 91 Ventures Syndicate on AngelList India would make more sense from regulatory perspective.

91 Ventures invests in early-stage startups driven by passionate entrepreneurs focused on technology or business model innovations. It is driven by Pranay Gupta.Pranay is a co-founder of 91springboard. They were the first co-working space company in India and are one of the biggest & the best. He has studied from IIT Delhi and then IIM Ahmedabad, and has also been deeply involved with startups. He was also the Joint-CEO of IIMA's incubator and has invested for the organisations in 70+ startups for the two organisations. Many of these startups have given exits via acquisitions and secondaries.We have a sector agnostic approach towards investing though we restrict to sectors we understand well and have a good sense of the challenges and opportunities in target markets. We focus on areas where our knowledge, access to networks and resources can add significant value.

Beyond the typical important parameters like Market Size, Team, Entry Barrier, etc, we evaluate investment opportunities based on -

• What are the CRITICAL SKILLS the Startup will need in next 18 months and does the founding team have the same
• What are the RESOURCES NEEDED for the Startup to reach the NEXT LEVEL, and is the current round providing them 2x of that or not
• What kind of CO-INVESTORS are investing in the round and what is their ability to support the startup with various connects and resources

We don't actively publicise our syndicate (we don't have a website either) and most of the entrepreneurs approach us via reference. Typically, our first few interactions with entrepreneurs will be where we will be mentoring them on various aspects of business. Due to this, we believe entrepreneurs are more honest with us. We cherry pick and work with the entrepreneurs we wish to support vs being driven by a need to achieve a minimum target.

The best entrepreneurs come to us because:

• We have been very helpful for various startups supported by us earlier. The other founders hear from them and value our presence on their cap tables
• We have a very large network due to Pranay's experience of incubation and acceleration. We have been able to tap that to help our portfolio startups
• We have a strong network of co-investors and have been able to close funding rounds at a very fast pace, ensuring founders get time to focus on their business

We will be syndicating all deals Pranay / 91 Ventures is investing in or is involved in.

In the deals where there are multiple leads, we will take an allocation from the startup and provide an opportunity to the investors to invest in them.The 91 Ventures (Global) Syndicate will focus on LPs which are Non-India Residents. For Indian residents, the 91 Ventures Syndicate on AngelList India would make more sense from regulatory perspective.