Pitching more than 100 times in two weeks

From 20 Years of R&D. Matched in 3 Months by 2 Friends. on Deeptech Decoded, with Advaith Sridhar.

Transcript

Nihal Kurth
Nihal Kurth

Ha ha.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

I think my YC experience has changed that I feel like many of the challenges that startup founders go through are

Advaith Sridhar
Advaith Sridhar· Discovered Materials

fairly similar, as long as you're in hardware, for example, many

Nihal Kurth
Nihal Kurth

Mm.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

of the challenges you all, you guys will face will all be around the same, especially when it comes to things like fundraising and so on. And in that sense, our partners have been invaluable in giving us feedback on this stuff.

Nihal Kurth
Nihal Kurth

when it comes to fundraising, what was the most difficult part for you? And this actually comes from someone who has spectacular angels backing up. That is actually very meaningful because you had a really, really good line of angel investors backing you.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

Yeah, yeah, I was quite grateful that happened. I think the hardest part was just the number of meetings you have to do. YC makes it fundraising a lot easier because they cram all of fundraising into two weeks around demo day. But in those two weeks, it can be fairly exhausting.

Nihal Kurth
Nihal Kurth

Ha ha ha.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

I've done my pitch easily more than 100 times now. And pitching 100 times in two weeks is not easy.

Nihal Kurth
Nihal Kurth

So how how many calls did you get per

Advaith Sridhar
Advaith Sridhar· Discovered Materials

It was a rough two weeks, but it got done.

Nihal Kurth
Nihal Kurth

day? were you very

Advaith Sridhar
Advaith Sridhar· Discovered Materials

It was.

Nihal Kurth
Nihal Kurth

strict with your timing?

Advaith Sridhar
Advaith Sridhar· Discovered Materials

I tried to be, but then a lot of investors are in India or in Europe or somewhere else in London. And so the time zones also gets to you. So it ends up being from 6 a.m. in the morning to 10 p.m. in the night. So it was a lot of calls over those two weeks.

Nihal Kurth
Nihal Kurth

But what what was the most surprising call you had? Did you ever have a moment like, is this a joke? do they really understand me or they are just having the call with me?

Advaith Sridhar
Advaith Sridhar· Discovered Materials

Hmm. No, I'd say like,

Nihal Kurth
Nihal Kurth

I take it from the horror stories and then we can talk about

Nihal Kurth
Nihal Kurth

a very good investor example.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

Yeah. Yeah.

Advaith Sridhar
Advaith Sridhar· Discovered Materials

feel like, um, around that time, horror stories about VCs was also trending on Twitter. So I was also excited to see some, I was like, I have a hundred calls. someone's got to be weird in this, but actually I felt like it was all they were all actually super attentive. It's like every call felt like I was teaching something to somebody, but the student was actually being attentive and asking questions and so on. And so I feel like overall the process was.

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