In this episode of the Innovation Conversation, Anmol Goel, owner of Gax Limited, discusses his experience as a tech venture builder and his travels as a speaker at startup events. He shares insights on the differences between the Spanish and UK ecosystems, the key factors to consider when evaluating startups, and the current state of the investment market. Anmol also provides advice on adding value to clients and highlights the importance of understanding market dynamics and competition. The conversation covers topics such as investing in different countries, the role of syndicates in funding startups, offering value before asking for anything in return, and personal branding. Anmol mentions Alex Hormozi and Cody Sanchez as mentors he looks up to. The latest books he has read are ‘Atomic Habits’ and ’48 Laws of Power’. Anmol can be reached on LinkedIn or Instagram.
Takeaways
- Tech venture builders support startups from early stage to scaling stage, providing development, sales, and fundraising assistance.
- The Spanish ecosystem is more risk-averse, while the UK ecosystem is known for its innovation and tech hubs.
- When evaluating startups, consider product market fit, market sizing, financials, and the team’s background and competency.
- The investment market fluctuates, but good ideas and credible founders can still secure funding.
- The ease of raising funds varies across different regions, with the US market being attractive but competitive, and Asian and Latam markets experiencing growth and government support.
- Adding value to clients and understanding market dynamics and competition are crucial for success in the startup ecosystem. Investors may be wary of doing business in other countries due to differences in legal systems and regulations.
- Syndicates are groups of angels who invest together, and the process is more flexible and quicker than traditional venture capital funding.
- Offering value before asking for anything in return can build trust and lead to meaningful relationships.
- Personal branding is important for entrepreneurs to establish themselves as thought leaders and create a strong presence in their industry.
- Mentors can provide valuable guidance and insights based on their own experiences.
- Books like ‘Atomic Habits’ and ’48 Laws of Power’ offer valuable lessons for personal and professional growth.
Chapters
00:00Introduction and Tech Venture Building
02:35Differences Between Spanish and UK Ecosystems
08:09Getting Started in the Startup Ecosystem
11:47Key Factors in Evaluating Startups
15:36The State of the Investment Market
18:26Raising Funds in Different Regions
21:03Asian and Latam Markets and Public Sector Involvement
24:51The Role of Syndicates in Startup Funding
27:55Approaching Investors and Building Relationships
30:30Offering Value Before Asking for Anything
35:25Personal Branding for Entrepreneurs
39:48Mentors and Books for Growth
