






It took us 33 years to hit $4 trillion in GDP, but now we’re going to double it in the next 6 years.
This is the fastest wealth creation era India has ever seen and startups are at the center of it all.
• More than 1 Lakh registered startups
• 118 Unicorns with a combined valuation of $354 Bn+
• 112+ Soonicorns with a combined valuation of $200 Bn+
• $150 Bn+ invested in Indian startups since 2014
This is no ordinary opportunity. This is India’s Startup Gold Rush.
But investing in startups requires more than just money – you need deep insights, sharp instincts, and access to an exclusive network that opens the right doors.
That’s why we created AngelX – India’s first-ever live program that gives you direct access to the strategies, insights, and playbooks of the top 1% of angel investors.
AngelX isn’t just a course – it’s your backstage pass to learn from the best in the business.
• Learn directly from India’s top 1% of angel investors. Learn what it takes to back the next unicorn from the very people who’ve done it.
• Learn alongside a network of ambitious peers. Join a curated group of ambitious investors and gain access to a powerful deal flow.
• Make your first real investment alongside top angels at our exclusive Demo Day, designed just for our fellows.
This is your chance to shape the future – don’t miss it.
India’s First-Ever Live Program That Gives You The Skills And Network To Become A Top Angel Investor
Program Duration: 3 weeks
Time Commitment: 6-8 hours/week
Hosted across 3 weekends
• Directly interact with Speakers & ask questions.
• Covers every topic of angel investing from thesis building to exit strategies.
Hosted across 3 weekends
• Invested in companies like Ola, OYO, Unacademy, Ather & more.
• Selected based on track record, expertise and understanding of the startup lifecycle.
An exclusive network of high achievers
• Learn alongside Corporate Leaders, Serial Entrepreneurs & Investors
• Build deal flow, angel syndicates & micro funds to co-invest.
Opportunity to invest in hot startups
• 1 virtual & 1 in-person Startup Demo Day
• Hear startup pitches & convince them to let you invest – get real-taste of angel investing
Dipanjan Basu Partner & CFO Fireside Ventures
Amol Warange Director Omidyar Network India
Shah Managing Partner Omnivore
Weekly Live Sessions Taken By Investors And Experts Core Sessions
SATURDAY — 11:00 - 14:00 (IST) SUNDAY — 11:00 - 14:00 (IST)
11:00 - 11:15
23rd November 2024
SATURDAY
1. What Is AngelX?
2. Why Inc42 Launched It?
3. Preview Of Type Of People In The Programme
4. Programme Overiew
5. What You'll Achieve Through AngelX Programme? 11:15 - 12:15 IST
1. Hard learnt lessons from angel investing
2. Sourcing, Identifying The Right Teams
3. Anti-Portfolio & Learnings
4. The Art Of Saying "No"
5. Why It's Not Just About Capital
1. What prompted you to start angel investing?
2. How active (hands-on) or passive (hands-off) are you with your portfolio companies? How do you strike the balance between the two?
3. What advantages do operator angels have over other type of angel investors?
4. 4. Can operator angels make a significant impact on the exit probablities of the portfolio companies? If yes, how?
5. 5. Tips on time management while juggling between running your own company and investing in others."
- 12:30
1. Building Your Investment Thesis — Sectors, Business Models, Ticket Size
How Much To Invest In Each Startup?
Industries To Avoid Investing In And Why
Understand The Differences Between VC And Angel Investor Thesis
What’s Your Exit Strategy? 12:45 - 13:45 IST
What Is Portfolio Approach & Why It Is Important?
Economics of An Angel investment Portfolio
Lifecycle of An Investment
Asset Allocation & Diversification
How To Identify & Find Good Deals?
1. How To Arrive At The Valuation of An Early Stage Startup (B2B vs B2C)
2. Pre-money & post-money valuation
3. Scorecard Valuation Methodology
4. VC Method
5. Dave Berkus Method
6. The Risk Factor Summation Method
7. Ownership Method
8. How valuation multiples work
9. Term sheets and SHAs
1. Aligning With Founders On The Long Term Vision
2. Different Types of Startup Exits
3. Applying The 3 P Formula:
Potential -- How big is the potential theoretical exit?
Probability -- How likely is the company to achieve break-out success?
Period -- How long are you likely going to have to wait?
4. How To Time The Exit
5. Common & Uncommon Problems That Arise During Exits & Role Of An Angel Investor
6. Treat Your Portfolio As An Evergreen Fund – Reinvest Your Returns
7. Signs To Identify A Dying Company vs A Minor Setback
December 2024
Market Size, TAM & Verifying Customer Demand
Financial & Funding Strategy
Identifying Legal, Compliance & Regulatory Challenges
Assessing Founders & The Leadership Team
1st December 2024
1. What Is SaaS & The Evolution of Business Software
2. SaaS In India & Current Landscape – B2B vs B2C SaaS
3. Broad Evaluation Criteria For B2B and B2C SaaS – Why now? TAM, Differentiation, Team, GTM, Moats, etc
4. What to evaluate in startups at 0-1 and 1-10 stages and common early-stage valuation frameworks and the valuation drivers
5. Deal sourcing: Identifying, Validation, Enabling
6. What value add can you bring for the founder to take money from you?
7. How to plan your portfolio construction and exit strategy
December 2024
1. What Does A Good Deal Look Like?
2. Insights Into Deal Negotiation
3. Decision Making: Analysing The Role of Co-Investors
4. Fundamentals of Cap Tables & Dilutions
5. Follow-On Investments & Return Expectations
6. How To Build Confidence of Investing In Areas Outside of Your Expertise
7. Common Causes Of Why Many Investments Fail (Even After Multiple Angel Rounds) & Possible Solutions
3 startups will pitch in front of the cohort.
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1. At the start of the session, every panel member has to answer the question embeded in the topic in 1 min each.
2. Using Domain Knowledge & Expertise As The Right To Win
3. Access To Network & Making Connections To Customers & Partners
4. Strategies To Get Allocations In Hot Deals
5. Building Reputation Among Founders – Founder Friendliness
6. How To Build A Referral Machine Through Founders
7. Examples & Stories Related To The Above
How To Support Startups Post Investment: Coaching The Founder & CXOs Help Them Find The Best Talent Connections Through Your Network For Customers/Partners Maintaining Good Governance Actively Perform Board Member Duties Planning Exit Opportunities, Etc
Evaluating founders and founding teams:
1. Vision, Clarity & Execution Capabilities
2. Team Building and Leadership Skills
3. Domain Experience & Understanding of Market & Competition
4. Integrity, Transparency, Ethical and Moral Standing
5. Founder’s Relationship with Co-founders
6. Founder’s Ability to Raise Capital
7. Interpreting the pitches
1. Your investment thesis and the most crucial elements of your evaluation process
2. How valuations in early stage startups have changed when you started out vs today
3. Learnings from the successful investments you’ve made –what’s the common thread?
4. Top 3 mistakes you made when you started angel investing
5. What’s crucial in successful exits? Do you have influence over the process? How can new angels think/plan for exits in their portfolio.
Learn The Secrets Of India’s Top 1% Investors & Start Playing In the Big Leagues!
Program Starts On 23rd November 2024