We fund software and web services companies that either have a differentiating product or service where Internet is a key enabler. This is because our founders started their first and only (still running) company based on Internet, and they're doing well at it. So we eat, drink, talk and sleep Internet and we would love to hear "crazy" ideas on the same. While having a high barrier to entry for your venture is nice, it's not a must to get funding. But, it should have the ability to be scaled up, both technically and from a market perspective.
We fund teams that have the passion, commitment and expertise to take things off ground. We believe that good teams can pull of any stunt and work cohesively to produce brilliant output.
An added advantage is teams who can provide evidence of their concept like prototypes or even wire-frames. This helps us understand better what the end goal of the venture is, how to engage with the market.
We are not very interested in me-too startups, who blatantly copy models from other ventures and want to create it all over. Re-inventing the wheel is fine only if you've a clear and compulsive differentiating factor. Else, we prefer stick to the original.
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