I am an angel investor and have invested in 3 startups so far - Inventurus Knowledge Solutions; Yos Technologies; and Plus91.
So why do doctors become angel investors ?
For one thing, I am curious and enjoy learning. I know lots about IVF ( since I have been doing this for over 20 years now !) and it's fun to learn about new areas and other fields - it helps to keep me young and on my toes !
It also helps that I have clever friends who are entrepreneurs and angel investors. Thus, my investment in Inventurus is thanks to Rakesh Jhunjhunwalla ; while the one in Yos is because of Rajesh Jain . ( The Plus91 is my own initiative !)
I can use their expertise to get a second opinion on how to evaluate investment opportunities ; and they also provide a sounding board which gives me more confidence in my judgment.
Being an investor and on the Board of startups has been a great learning journey for me. I can look at life through a different prism and leverage what I learn.
I also find it's fun being with entrepreneurs. They are young; take risks; and are optimistic by nature. They also make good tennis partners !
Of course, I also hope to make money through my investments and am looking for more opportunities to invest.
What would the ideal fit for me be ? I am looking for startups founded by entrepreneurs located in Bombay who have been working for 2-3 years, and now need money to grow.
This should be in a health-related area, because this is a field in which I am interested, and in which I can add value.
I am also happy to find social entrepreneurs in healthcare, provided the enterprise is
sustainable , scaleable and socially productive.
I am happy to invest upto Rs 10 lakhs.
If you are interested, please send me an email !