Entrepreneur | The Chennai Angels

Welcome to The Chennai Angels.
Our application takes 15 minutes to complete if all the information required is prepared and ready before you start filling the forms. Prepare for applying using the downloadable file that lists questions that need answering. All items of the application need answering. A pitch deck is required with the application. For guidance, use the downloadable draft pitch deck template. It will help you to communicate salient aspects of your business.
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Your first name? *

And your surname? *

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To secure your account, select two security questions using the drop-down menu and add your answers. First security question. *

Second security question. *

I accept terms and conditions *

After you complete each section, you will see two buttons – Save, and Next or Submit. Use Save to save your application before Submitting it.

You can edit the application at the end of each section, and you can edit the entire application again after you complete the last section before submitting the entire application.

Even after submission, you will be able to edit your application information.

Summary

Please describe your start-up in your own words. Try to do this in one sentence. Best statements are tested using two tests. An 8 or 9-year-old school student should be able to understand it. It should focus more on what customers get and less on what you do. Add a line about why you are building the startup. *

350/350 characters

Problem

Describe the important problem of customers you are solving. Is it based on the personal experience of the founders? Why do you believe customers will consider and buy from you? *

350/350 characters

Solution

The value of your solution to the customers targeted by you. Why is your product/service necessary? Is it doing something different/or doing differently? Is it a “need to have”/ “nice to have?” Identify if possible, the basis of your assessment. Any trials conducted? *

350/350 characters

Market

What is the market opportunity? And why will it be big? Total Addressable Market. Identify the immediate opportunity targeted as a steppingstone to a larger opportunity. Do you have an unfair advantage to sell to this market? *

350/350 characters

Business Model

How do you make money (or plan to)? Who will pay (target customer segment)? What are the estimated (or established) margins? What are the costs of sale? What are the key metrics you use (or intend to use) to manage the business? *

350/350 characters

Go-to-market

Describe your go-to-market plan. *
Have you established (or estimated) cost of customer acquisition (plans of reaching your prospects, converting them into customers, and profitably satisfying their needs, either with or without key partnerships). Have you established (or estimated) margin structure of channels if used. Indicators you will use to determine the effectiveness of sales and marketing activities.

350/350 characters

Traction

The traction metrics you use and the trend that make you confident about growth? *
Describe traction metrics appropriate for your business e.g. profitability, revenues, number of active users, number of registered users, amount of engagement, partnerships/clients achieved, amount of traffic generated and show how unit economics, cost of customer acquisition and long-term customer value are in sync.

350/350 characters

Timing

Why is now the right market timing (technology, trends, economic tailwinds, consumer behaviour, etc.) for your company to raise money? *

350/350 characters

Preview

Attachments

Please attach a pitch document *
The well-prepared pitch document is self-explanatory and should excite investors to shortlist a startup for presentation. Accepted file formats - .txt,.pdf,.doc,.excel,.ppt. Pitch deck must follow suggested outline shared.

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Three minute video pitch
A video pitch is a unique opportunity to talk directly to investors. The video pitch adds much more material to a PowerPoint two dimensional pitch document. A video pitch can be conversational, made by answering questions. Use the recording version on Zoom. See this article. Accepted file formats - .mp4 & the maximum supported file size is 10 MB
See pre-recorded pitch videos.

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Cap table *
A cap table is a percentages of equity ownership capital (equity shares, preferred equity shares, warrants, and convertible equity) and value of equity in each round of investment by founders and other investors. If you don’t have a cap table write a note on the file and upload. Accepted file formats - .txt,.pdf,.doc,.excel,.ppt. Please follow formats shared.

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Financial projection of three years *
Use the financial projections file (recommended) or your own format. An 18-month month-by-month cash flow adds value. Accepted file formats - .txt,.pdf,.doc,.excel,.ppt. Please follow formats shared.

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Traction metrics *
The traction metrics relate to startups that have revenue and have metrics. If you have no revenue, make a note on the file upload it. If you have estimated some traction metrics as a basis of revenue forecasts, you can share them. Accepted file formats - .txt,.pdf,.doc,.excel,.ppt

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Miscellaneous information *
Information on the ask, and pre-money and post-money valuation etc. Accepted file formats - .txt,.pdf,.doc,.excel,.ppt

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Preview

Fundraising

Total investment in your startup. *
Please use the currency in which you intend to issue the investment instruments. Don't use $ if issue will be in Rupees. The selected currency will apply to all amount related questions.

Who did you raise it from? Identify own funds, friends and family, Seed/ angel group(s). Total funds raised should equal the investment above). Share names of seed/angel groups. Add valuation at which earlier rounds were raised. *

350/350 characters

Any loans? If yes, please identify amount and source. *

350/350 characters

What is your fund-raising target? *
Please use the currency in which you intend to issue the investment instruments. Don't use $ if issue will be in Rupees. The selected currency will apply to all amount related questions.

Any written commitments for any portion of this funding on date of application? *
Please use the currency in which you intend to issue the investment instruments. Don't use $ if issue will be in Rupees. The selected currency will apply to all amount related questions.