You thought research on the business model, products, financials, market share and probe through employees was all you needed to invest in a startup? Well, you're wrong. One of the most successful investors of all time, Rata Tata sticks to some of the basic parameters when evaluating investment opportunities.
"The thing that I am intrigued by first is a start-up that has an interesting concept which excites me. If it doesn’t excite me, I really don’t need to make an investment in that company," Tata said in a candid conversation with Kunal Bahl, co-founder and CEO of Snapdeal, at TiECON Mumbai 2016.While Tata invests in only those ideas that excite him, he also needs to get a good impression of the team backing the venture, the 81-year-old said.
"I feel that if that founder has the passion and has the innovation, he needs to be supported ... Underlying all of that, I am more intuitive than a numbers person and I also recognise that not all investments are going to be positive, some may fail and some may have problems for different reasons but that is life," Tata told Bahl.