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KURUVINDUM | |
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MORE DETAILS
ON >>> "A quick turnaround time (from initial contact to final
"Yes/No" decision) in almost all
cases."
We take a lot of pride in the fact that, barring exceptional circumstances, we generally provide quick "Yes/No" decisions to investment or mentoring proposals.
RATIONALE
This emphasis on a fast response is because of our belief
that that a quick decision benefits the
entrepreneur maximally by removing at least one source of
uncertainty:-
-- A "Yes"
decision (especially if matched by an on-schedule funds
disbursal!) frees him/her to focus on the business rather than on
chasing financing.
--
Even if the decision is a "No", informing
the entrepreneur as early as possible enables him/her to
begin exploring other finance sources.
Regardless of the
final "Yes/No" answer, our evaluation process itself generally ends up contributing positively to the entrepreneur’s business
plans/perspectives. We try and provide feedback on the
rejected proposals also. This can provide the entrepreneur a fresh insight
into the business drivers and thus enables him/her to refocus on the essentials of
the business plan, execution etc.
PROCESS
To cut the
entrepreneur's wasted time to a minimum, we encourage him/her to
self-evaluate whether or not the idea has a good fit ("Go" or
"No-Go") with our investment preferences. This can be done even
before approaching us with a detailed business plan, e.g. by doing a
"Go/No-Go" business self-diagnostic on certain parameters we
provide:-
-- In
case of a "No-Go", the entrepreneur is encouraged to rework the business
model etc. If the entrepreneur so requests, we are also open to providing
assistance in such a reworking of the business model
etc.
-- In
case a "Go" scenario results, the entrepreneur is requested
to submit detailed plans to us for evaluation/analysis,
followed by further discussions etc.
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