The NASSCOM Innotrek Experience

In 2015, ActOnMagic was selected to participate in NASSCOM Innotrek, a special program where NASSCOM connects startups with global VCs. It was a wonderful program that provided exposure to TiE Silicon Valley and its ecosystem. We visited the offices of Google, Facebook, Y Combinator, and attended insightful sessions on building startups. These experiences were vital and provided founders with much-needed confidence.

As a bootstrapping startup, I hustled a lot (like many other founders). I want to thank my friend Sambath and his family for hosting me at their residence for a week.

I recall one VC who shared boldly about how VCs make money and how they choose to spend their time. If I remember correctly, VCs get a percentage of the funds they manage. If they return multiple X returns, they make multiples of that percentage. VCs focus on finding companies that can give 10x, 100x returns.

At TiE Silicon Valley, the startup booths were very powerful! I learned lots of marketing tips. I remember a guy wearing a big backpack with messages about his startup and contact details on the outer side. Great exposure!

An invaluable experience was travelling with other 39 startup founders in the bus, learning from their experiences and NASSCOM volunteers

Reference: https://www.techinasia.com/young-indian-startups-going-to-silicon-valley

Have a great day!

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