So nice to be back in Bangalore this week. Land of unicorns, the most inspiring founders, the finest filter coffee and the largest collection of speedbumps in the world. 😍
Dev Khare
10.4K posts
Dev Khare
@dkhare
Partner @LightspeedIndia. SF 1998–2011, India 2011–2021, SF again. Backing founders building between India and the world.
- Perhaps we need a Forbes 50 above 50. #nykaa
- At the height of the dotcom bubble in early 2000, capital was abundant, talent was scarce & at a premium (sounds familiar?). A🧵...
- Super to be at our office in Indiranagar. Bangalore weather right now is wow.
- Indian startups using each other's products has grown up to be a big internal economy eg SaaS/payments/etc in b2b/b2b2c models. If you are a founder in India, what are the key products from Indian startups your startup uses?
- The incomparable Himalayas. And a dip in the Ganga to wash away all my VC sins. 🙏🏽
- I am delighted to welcome @manjotpahwa as Vice President. Manjot will be based in Bengaluru & will look at developer, enterprise and consumer startups in India and Southeast Asia. She joins us from Stripe & Google (Mountain View). More below 👇🏽 linkedin.com/feed/update/ur…
- Content is king today here in India. 👑🚀
- Too many India-based SaaS startups bloated up (even pre-pandemic and even now) at $30-50k ARR/FTE, negating any cost advantage from operating from India. US at-scale SaaS at $300k average. $50mm ARR company could be 750-1500 people from India and 300-400 people from the US. Big
- Bittersweet photo. So much information packed into this photo, including class divide, gender divide, how the country has helped some people do well but left a lot of people behind, pride in the country at all levels of society, culture (shoes are taken off), etc. ht: @avnish
- When I was an investor in the Bay Area, almost every pitch at seed or series A had a financial model, even if just a basic one to bring out core assumptions. In India, I have yet to see projections in any seed or series A deck. It is almost uncool to talk about financials here..
- These days, the number of zoom webinars for founders is far outpacing the total number of founders.
- Small boards (5 or less) are magic. These massive board meetings here with 10-20 people and every board member and board observer bringing a colleague stifles problem-solving conversations, vulnerability, transparency and generally makes things unproductive.
