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We’ve all seen people nerd out on fancy coffee tasting notes and bright acidity. @karansehgal47 and I spent the last month digging past the flavor talk. We decoded the numbers: farmgate prices, the harvest-to-cup chain, and where value moves and costs land for founders in India.

Hyderabad, we’re coming! ☕️ We will be in town on 11th & 12th June meeting founders, swapping ideas and drinking way too much coffee If you're building something solid, we'd love to chat. Coffee on us, chaos on you DMs are open🙌 @malpani @SaneDhruv @TheRahilShah @IPendse

At @MalpaniVentures we are bullish on adjacent opportunities for Q-commerce - cold chain being a trend

Why are we paying taxes. What is going on in the country😓

Term sheets can be intimidating for first-time founders. Small lines buried inside legal language can quietly change exit outcomes, founder control, dilution, future fundraising and more. Doing our bit to break down the key clauses @malpani @SaneDhruv youtu.be/uHJlvTHrOyo?si=YKsw…

Went back to watching some of @nikhilkamathcio's podcasts. In almost every podcast, he tends to dig in a the person's childhood experiences or trauma (very candidly found it unnecessary back when I first watched because we are here to understand business, growth strategies etc.) I seem to now have understood the reason for his style of questioning - trying to assess the founder's ability to bear pain. I don't think that the founder succeeded because they had a childhood trauma and they diverted their energy towards it. I think it was because they could withstand pains of starting up relatively easier as they had gone through far worse. Startups are difficult - you're constantly worried about losing customers, rejections, in self-doubt, opportunity cost, whether you are justifying your time but nothing compares to personal tragic experiences. When someone has already gone through situations far more painful than business volatility, startup stress almost starts looking survivable or like a "bliss" for some.

Lmao ChatGPT has already accepted defeat @sama

My car got towed and I paid the fine. The challan mentioned INR 400 goes to Vidarbha Infotech. Did some research and I am convinced the game is rigged. Vidarbha is an IT firm apparently but also does towing (and many other things). Infact, a 7-year contract awarded to Vidarbha Infotech in 2016 had been deemed invalid by state law and judiciary department (multiple news coverage on this) - no details of how they got the contract back and are still operating towing services. Financials look great too. The growth in FY24 was primarily driven by revenue from the sale of commercial units in its real estate project, which VIPL developed and sold, contributing Rs.48.59 crore (~37% of total revenue), followed by IT - Sales & Services Charges (33%), Vehicles Towing – Services (14%), Lease Rental Income (10%), and Other Segments (6%). Should we consider investing @malpani ?😋

Gemini's new interface looks clean and refreshing

“Why would you stay invested in a company for 18 years?” A founder asked us this recently. TRUTH BOMB ALERT: The question itself says a lot about how venture capital is typically perceived. Most founders are conditioned to believe that startups need to scale aggressively within fixed timelines. Many enduring businesses simply do not compound that way. Markets evolve slowly. Business models take time to mature. Distribution compounds over years. Trust compounds even slower. (In short - Reality hits) If you are building a meaningful company, it is going to be a decade long journey. Investor alignment becomes critical. Most venture funds operate within fund-cycle realities. They need liquidity, DPI and markups within a certain timeframe. Naturally, this shapes behavior around growth expectations, follow-on rounds and exit timelines. There is nothing inherently wrong with that structure. But some businesses structurally require patient capital say manufacturing, deep-tech, infrastructure, healthcare, supply chain and several B2B categories where value compounds first linearly and then exponentially. At @MalpaniVentures, our philosophy has always been rooted in an ownership mindset. We don’t look at companies as short-term financial positions. Being a family office comes with its benefits as well. Some of the best businesses are built slowly and over very long periods of time. P.S Also, 18 years of staying invested gave us a 450x return :)