Snapdeal Co-Founder Kunal Bahl Unearths How the E-Trade Platform Were given Its First Angel Investor

The tale 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 tale of “kindness and serendipity,” Snapdeal co-founder Kunal Bahl mentioned he met his first angel investor all over a visitor lecture at a US faculty. However it took him a couple of years to get the individual to put money into his startup and he nonetheless remains to be an investor at Snapdeal. Outlining the adventure in a Twitter thread, Bahl thanked Ken Glass, the professor from Seattle who determined to put money into his company, announcing everybody ever related to Snapdeal will all the time bless him.

Bahl started the tale along with his likelihood come across with Glass. Sooner or later, Bahl walked into one in all his control path lectures in faculty. And a grey-haired guy, dressed casually, used to be chatting along with his common professor out of doors the category. “I questioned who this used to be, visitor speaker it appeared,” mentioned Bahl.

As the category began, the “gregarious, animated, excited” guy requested one query that were given everybody guessing: “What does the entrepreneur want essentially the most to prevail?” The trace used to be it began with the letter ‘P’. A number of choices got here up — reminiscent of endurance, perfection, and endurance — however none made the reduce.

“The suitable resolution used to be… Hobby,” mentioned Bahl, including he then determined to be an entrepreneur.

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Then again, he sought after to make a softer transition after faculty by means of taking a role at Microsoft. Bahl recalled that the visitor lecturer who visited his faculty used to be a former Microsoft government from the ’80s. “I chilly emailed him to let him know that I had attended his elegance a couple of years in the past and used to be now shifting to the Seattle house. Being a 22-year-old recent graduate I didn’t be expecting a reaction.”

However he were given a reaction inside half-hour. Their conferences, accompanied with laughter and humour, endured for some months, when Bahl’s visa were given shockingly rejected, which intended he will have to depart the United States.

So Bahl determined to have a final lunch along with his “good friend” earlier than leaving the United States.

All the way through the dialog, Bahl instructed him his plans to start out a discount ebook industry in India.

Glass smiled and instructed Bahl, “Let me know if I will be able to lend a hand whatsoever to your adventure.”

It used to be 2007 and there used to be no angel investor ecosystem in India.

Bahl known as Glass and defined intimately what he used to be as much as and sought concepts who he will have to means for budget. Glass mentioned he sought after to improve the undertaking.

“There used to be no negotiation, no backward and forward. We agreed on easy phrases and inside a few weeks we had the cash that we had to get our entrepreneurship adventure 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 seek advice from 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.