As a founder, I am reminded about the pace of shipping, iterating, and closing. It gets growth and advantage over competitors. It results in raising quickly and building a high-growth startup and, surge in valuation.
Being part of the startup and VC ecosystem, I have noticed one big moat, the pace of closing deals. Last few weeks, I have witnessed some deals getting closed in 24 hours. The VCs are reaping the moat and, the founders love it. At an early stage of investment, it is about founders. As a VC fund to give $500k if you are taking half a dozen calls, you are bound to miss out.
The virtue of pace and closing works both for founders and investors. PE firms like Tiger Global have changed the game in late-stage investment, closing deals in 24 hours.
I wish more early-stage funds and super angels enter India with conviction and pace of closing deals, sharing term sheets in 24 hours.