Backing Bold Founders & Betting on Bharat: Shashank Randev on Building 247VC

I am excited to have Shashank Randev — a seasoned operator turned investor and the Founder & General Partner at 247VC, one of India’s boldest new seed funds. Before launching 247VC, Shashank co-founded 100X.VC, where he backed over 180 startups and helped pioneer the iSAFE note in India. In this conversation, Shashank Randev, a seasoned operator and investor, discusses his journey from 100XVC to founding 247VC. We explore the evolving landscape of venture capital in India, the importance of backing diverse founders, common mistakes made by pre-seed founders, and the unique position of 247VC in the seed funding ecosystem. Shashank shares insights on valuation strategies, the significance of deep tech and AI investments, and the growing opportunities in non-metro India. The discussion also touches on the importance of education for aspiring engineers and the key considerations for investors when evaluating startups, and much more! Timestamps 00:00 Introduction to Shashank Randev and 247VC 01:05 Transition from 100XVC to 247VC 03:02 Backing Diverse Founders: Experience vs. Hunger 05:41 The Drive of Second-Time Founders 07:51 Common Mistakes of Pre-Seed Founders 10:15 Filling Gaps in the Indian Seed Landscape 13:09 Fundraising Insights for 247VC 16:04 Valuation Strategies for Seed Rounds 20:50 Investing in Deep Tech and Enterprise Tech 23:41 The Future of AI in India 27:49 Building for India: Opportunities and Growth 30:11 Understanding Non-Metro Markets: Insights and Strategies 33:48 The Evolution of AI: Industry-Specific Applications 35:19 The Future of Software: Pricing and Consumption Models 38:08 Education and Skills for the Future: Preparing the Next Generation 40:31 Investing in Startups: The Role of Founders and Market Dynamics 45:14 Navigating Founder Relationships: Capital vs. Value-Add 48:34 The Importance of Smart Capital: Beyond Just Funding 50:47 Reflections on the VC Journey: Lessons Learned Shashank’s Links  LDN– https://www.linkedin.com/in/shashankrandev/ Instagram - https://www.instagram.com/shashankrandev/ Website – https://www.247vc.in/ Substack - https://substack.com/@shashankrandev My Links  Podcast: https://lifeselfmastery.com/itunes Newsletter: https://partner-grow.beehiiv.com/subscribe YouTube:  youtube.com/lifeselfmastery Twitter: https://twitter.com/rohitmal LinkedIn: https://www.linkedin.com/in/rohit857/