Investment Mandates

• Should we focus on particular categories?
• Stay away from PFP and projects that do not provide intrinsic value to users.
• Do we focus on particular funding stages?
• Investment horizons?
• Minimum expected ROI / ROR?
• Project growth potential and EV?
• Maximum valuation multiples or risk return expectation?
• Financial requirements?
• Team experience?

Project Risks - Strict No’s

• Regulatory risk
• Geography risk
• Anonymous teams