How Did Snapdeal Land Its First Angel Investor? Here is the Full Story

The story of Snapdeal discovering its first angel investor 14 years in the past is as a lot a lesson in entrepreneurship as it’s about enterprising. Describing it as a narrative of “kindness and serendipity,” Snapdeal co-founder Kunal Bahl mentioned he met his first angel investor throughout a visitor lecture at a US school. Nevertheless it took him a number of years to get the individual to put money into his startup and he nonetheless continues to be an investor at Snapdeal. Outlining the journey in a Twitter thread, Bahl thanked Ken Glass, the professor from Seattle who determined to put money into his agency, saying everybody ever related to Snapdeal will at all times bless him.

Bahl started the story along with his probability encounter with Glass. Sooner or later, Bahl walked into one among his administration course lectures in school. And a grey-haired man, dressed casually, was chatting along with his common professor outdoors the category. “I questioned who this was, visitor speaker it appeared,” mentioned Bahl.

As the category began, the “gregarious, animated, excited” man requested one query that received everybody guessing: “What does the entrepreneur want probably the most to succeed?” The trace was it began with the letter ‘P’. A number of choices got here up — resembling endurance, perfection, and persistence — however none made the reduce.

“The appropriate reply was… Ardour,” mentioned Bahl, including he then determined to be an entrepreneur.

Nonetheless, he wished to make a softer transition after school by taking a job at Microsoft. Bahl recalled that the visitor lecturer who visited his school was a former Microsoft govt from the ’80s. “I chilly emailed him to let him know that I had attended his class a number of years in the past and was now transferring to the Seattle space. Being a 22-year-old contemporary graduate I did not count on a response.”

However he received a response inside half-hour. Their conferences, accompanied with laughter and humour, continued for some months, when Bahl’s visa received shockingly rejected, which meant he should depart the US.

So Bahl determined to have a final lunch along with his “buddy” earlier than leaving the US.

Throughout the dialog, Bahl advised him his plans to start out a coupon guide enterprise in India.

Glass smiled and advised Bahl, “Let me know if I can assist in any manner in your journey.”

It was 2007 and there was no angel investor ecosystem in India.

Bahl known as Glass and defined intimately what he was as much as and sought concepts who he ought to strategy for funds. Glass mentioned he wished to help the enterprise.

“There was no negotiation, no forwards and backwards. We agreed on easy phrases and inside a few weeks we had the cash that we wanted to get our entrepreneurship journey off the beginning blocks,” mentioned Bahl.

On the finish of the thread Bahl shared a picture of Glass, who visited India for the Snapdeal co-founder’s marriage in 2012.

“And sure, Ken did go to India for the primary time in 2012 for my marriage ceremony! 5 years after he had first invested!” wrote Bahl as he ended his thread.

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