1. He was probably the first investor to be willing to invest in Convertible Notes / Debt. Not only was he willing, he forced other investors to do the same if they wanted to be a part of the deals he was investing in. Read this if you wanna know why convertible note is good for startups.
2. He made ‘value-adding’ compulsory for investors. If a startup is stuck with a problem, and the investor (…or at least, the lead investor), is not keeping awake because of it, then shame-shame investorji. This article in Business Today also talks about his attitude on this.
3. He genuinely treated founders as a customer. I remember when he was looking to hire someone and he asked for my recommendations…when I asked him what kind of person he was looking for…he did not say ‘should know how to pick startups‘ and other such things. His simple criteria was “should be an entrepreneur because he will have empathy for entrepreneurs“.
We congratulate you and wish you the best for the global role Mukund. And Mukund – we hope Indian startups & entrepreneurship ecosystem will still occupy the majority of your mind & time even when you are in USA. We hope we don’t need to miss you. 🙂
Disclaimer: Microsoft Ventures is one of the sponsors & supporters of 91springboard. That said, they aren’t paying us for this. This is straight from the heart with the hope that this will inspire more Mukunds to come up.