UVC: Sheel Mohnot from Better Tomorrow Ventures on whether 1st & 2nd time founders are equally willing to accept their valuations, when they would stop supporting a portfolio startup, and the challenges neobanks face with customer trust

Understanding VC

12-03-2023 • 15 mins

In this episode you will learn:

  • How does access to credit impact low income countries like India?
  • Why does Sheel insist on a minimum ownership of 10%?
  • What are the reasons for Sheel's reluctance to invest in startups that need to raise a lot of funds?
  • Are both first-time founders and second-time founders equally willing to accept the valuations offered by Better Tomorrow Ventures?
  • Under what circumstances would Sheel stop supporting one of his portfolio startups?
  • What kinds of fintech startups are poised for success in this decade?
  • Do all neo banks face challenges with customer trust and what factors are preventing them from competing with traditional banks?
  • What are Sheel's plans for scaling Better Tomorrow Ventures in the coming years?

About

Sheel Mohnot is a Co-Founder & Partner at Better Tomorrow Ventures, a seed-focused venture capital firm that invests in transformative fintech companies founded by exceptional individuals across the world. With its second set of funds amounting to approximately $225M, Better Tomorrow Ventures is dedicated to investing in innovative ideas that can revolutionize the fintech industry. Sheel's exclusive focus on fintech investment dates back to 2015, following a couple of successful FinTech exits. Sheel has also co-founded the podcast "The Pitch," which was acquired by Gimlet Media / Spotify and attracts around 100k weekly listeners. Additionally, Sheel has co-founded Thistle, a food company that serves tens of thousands of customers every week.