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How Did Snapdeal Land Its First Angel Investor? This is the Full Story

The story of discovering its first angel investor 14 years in the past is as a lot a lesson in entrepreneurship as it’s about enterprising. Describing it as a narrative of “kindness and serendipity,” Snapdeal co-founder Kunal Bahl stated he met his first angel investor throughout a visitor lecture at a US faculty. Nevertheless it took him a number of years to get the particular person to spend money on his startup and he nonetheless continues to be an investor at Snapdeal. Outlining the journey in a thread, Bahl thanked , the professor from Seattle who determined to spend money on his agency, saying everybody ever related to Snapdeal will all the time bless him.

Bahl started the story together with his likelihood encounter with Glass. At some point, Bahl walked into one in every of his administration course lectures in faculty. And a grey-haired man, dressed casually, was chatting together with his common professor outdoors the category. “I puzzled who this was, visitor speaker it appeared,” stated Bahl.

As the category began, the “gregarious, animated, excited” man requested one query that received everybody guessing: “What does the entrepreneur want probably the most to succeed?” The trace was it began with the letter ‘P’. A number of choices got here up — resembling endurance, perfection, and persistence — however none made the minimize.

“The suitable reply was… Ardour,” stated Bahl, including he then determined to be an entrepreneur.

Nonetheless, he needed to make a softer transition after faculty by taking a job at Microsoft. Bahl recalled that the visitor lecturer who visited his faculty was a former Microsoft government from the ’80s. “I chilly emailed him to let him know that I had attended his class a number of years in the past and was now transferring to the Seattle space. Being a 22-year-old recent graduate I did not anticipate a response.”

However he received a response inside half-hour. Their conferences, accompanied with laughter and humour, continued for some months, when Bahl’s visa received shockingly rejected, which meant he should go away the US.

So Bahl determined to have a final lunch together with his “buddy” earlier than leaving the US.

In the course of the dialog, Bahl instructed him his plans to begin a coupon e book enterprise in India.

Glass smiled and instructed Bahl, “Let me know if I may help in any manner in your journey.”

It was 2007 and there was no angel investor ecosystem in India.

Bahl referred to as Glass and defined intimately what he was as much as and sought concepts who he ought to method for funds. Glass stated he needed to help the enterprise.

“There was no negotiation, no forwards and backwards. We agreed on easy phrases and inside a few weeks we had the cash that we would have liked to get our entrepreneurship journey off the beginning blocks,” stated Bahl.

On the finish of the thread Bahl shared a picture of Glass, who visited India for the Snapdeal co-founder’s marriage in 2012.

“And sure, Ken did go to India for the primary time in 2012 for my wedding ceremony! 5 years after he had first invested!” wrote Bahl as he ended his thread.



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