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From 2014 by Nine Point Capital. Their tagline is "We invest all over the world" but when I reached out they said "they don't invest in India". I am in Canada.

From 2014 by Nine Point Capital. Their tagline is "We invest all over the world" but when I reached out they said "they don't invest in India". I am in Canada. smh

Simple_Guy 8y ago
One can't 'invest all over the world' without including India?
- veryworried 8y ago
  I think the gripe is that they were extremely racist: As in they took one look at his name, decided he must be Indian, and simply told him off that they do not invest in India... or Indians (though not so direct).
  - chrija 8y ago
    Hi, Christoph from Point Nine here. We do NOT do what you’re suggesting here - discriminate against Indians (or any nationality). This would be horrible and stupid. Our own team comes from various countries, and so do the founders of our portfolio companies. As for countries that we invest in, we’ve invested in lots of different places. In fact, that’s one of the things we’re known for. We haven’t invested in e.g. India or China yet but that may change over time. Point taken that we shouldn’t say ‘everywhere’ as long as we’re not ready to invest everywhere - will make sure to change the website wording ASAP.
    - veryworried 8y ago
      I'd hope so man, but the issue here wasn't that you don't invest "everywhere", it's that a man was profiled based on his name and quickly turned away. I'd try to figure out why that happened.
      - SamReidHughes 8y ago
        Probably somebody just had a brain fart.
    - ganeshkrishnan 8y ago
      My grip should be with the "invest all over the world" but "not in your country" tag, not that you got my country wrong. However I really was not looking for investment at all! I loved the medium article posted and wanted to network. But I guess it's absurd to talk to VCs without the expectation of investment.
  - Smithalicious 8y ago
    That's not necessarily racist. Yes, you can't just assume that everyone with an Indian name lives in India, but it's not that far off the mark, and I don't see how race comes into it at all.
vhiremath4 8y ago
Who were you talking to @P9? This sounds so far off from my experience working with their team.
- ganeshkrishnan 8y ago
  Louis from their team left a very interesting article on Medium and I reached out to them. Love your product, useloom, btw. That's what we use for customer onboarding.
  - vhiremath4 8y ago
    https://www.useloom.com/share/41391b00def0408cada2056877cf3602 https://www.useloom.com/share/41391b00def0408cada2056877cf36...
    - ganeshkrishnan 8y ago
      Thanks for getting in touch and this nice video response; really appreciate it. My disappointment and emphasis was solely the contradiction between the tagline vs their feedback.
      - vhiremath4 8y ago
        Understood
justforfunhere 8y ago
With companies like Walmart and Amazon putting big bucks in India, and now Ycombinator conducting interviews here, I guess whoever you talked to hasn't really been keeping a worldview of investments globally. Indian market is big and still relatively unexplored and ripe for disruption. The next generation ( and even the current one ) of Indians will be a whole lot more educated and will have more money to spend, and their number would be in excess of 100 million.. So you're only losing if you haven't got a long term India Plan Dear VC. Edit: Grammer
- NicoJuicy 8y ago
  India is also a little bit protective ( rightfully so in my opinion). Eg. A marketplace can't sell their own products -> Amazon
  - ganeshkrishnan 8y ago
    Usually I am very critical of Indian government messing in IT but here the main issue is that Amazon uses the data of marketplace sellers to have unfair advantage.
csomar 8y ago
Wait a second. Reading https://news.ycombinator.com/item?id=19540773 https://news.ycombinator.com/item?id=19540773 Does that mean they excluded you based just on name before figuring out where you are based? That would be more like "They don't invest in people from India" and I think it'd be good to red-flag them for that.
- chrija 8y ago
  Christoph here from Point Nine. No, we didn’t do that. I can confirm that with certainty even without having asked everyone on my team. I’m trying to find out what was going on and will post more details ASAP.
  - ganeshkrishnan 8y ago
    Hey Christoph, here is a screencap of the email : https://screenshots.firefox.com/DCsDhXwfTXv0hsls/mail.google.com https://screenshots.firefox.com/DCsDhXwfTXv0hsls/mail.google... Sorry I don't want to come off as offensive and I didn't expect so much reaction to a simple denial. VCs have passed us on for far absurd reasons.
    - leadgeneration 8y ago
      Hi Ganesh, I would be interested in hearing the conclusion to this interaction. Do you have a point of contact where I could reach you at the end of this week? -Tom
      - ganeshkrishnan 8y ago
        Tom, that was the end of the email trail; I didn't hear back anything. It's no big deal really. A miscommunication between their tag line and my expectation. My email is ganesh @ aihello.com
      - chrija 8y ago
        Tom, please feel free to DM me as well. christoph (at) pointninecap.com (You might get an autoresponder but I’ll look for your email)

From 2014 by Nine Point Capital. Their tagline is "We invest all over the world" but when I reached out they said "they don't invest in India". I am in Canada. smh

Simple_Guy 8y ago

One can't 'invest all over the world' without including India?

veryworried 8y ago
I think the gripe is that they were extremely racist: As in they took one look at his name, decided he must be Indian, and simply told him off that they do not invest in India... or Indians (though not so direct).
- chrija 8y ago
  Hi, Christoph from Point Nine here. We do NOT do what you’re suggesting here - discriminate against Indians (or any nationality). This would be horrible and stupid. Our own team comes from various countries, and so do the founders of our portfolio companies. As for countries that we invest in, we’ve invested in lots of different places. In fact, that’s one of the things we’re known for. We haven’t invested in e.g. India or China yet but that may change over time. Point taken that we shouldn’t say ‘everywhere’ as long as we’re not ready to invest everywhere - will make sure to change the website wording ASAP.
  - veryworried 8y ago
    I'd hope so man, but the issue here wasn't that you don't invest "everywhere", it's that a man was profiled based on his name and quickly turned away. I'd try to figure out why that happened.
    - SamReidHughes 8y ago
      Probably somebody just had a brain fart.
  - ganeshkrishnan 8y ago
    My grip should be with the "invest all over the world" but "not in your country" tag, not that you got my country wrong. However I really was not looking for investment at all! I loved the medium article posted and wanted to network. But I guess it's absurd to talk to VCs without the expectation of investment.
- Smithalicious 8y ago
  That's not necessarily racist. Yes, you can't just assume that everyone with an Indian name lives in India, but it's not that far off the mark, and I don't see how race comes into it at all.

vhiremath4 8y ago

Who were you talking to @P9? This sounds so far off from my experience working with their team.

ganeshkrishnan 8y ago
Louis from their team left a very interesting article on Medium and I reached out to them. Love your product, useloom, btw. That's what we use for customer onboarding.
- vhiremath4 8y ago
  https://www.useloom.com/share/41391b00def0408cada2056877cf3602 https://www.useloom.com/share/41391b00def0408cada2056877cf36...
  - ganeshkrishnan 8y ago
    Thanks for getting in touch and this nice video response; really appreciate it. My disappointment and emphasis was solely the contradiction between the tagline vs their feedback.
    - vhiremath4 8y ago
      Understood

justforfunhere 8y ago

With companies like Walmart and Amazon putting big bucks in India, and now Ycombinator conducting interviews here, I guess whoever you talked to hasn't really been keeping a worldview of investments globally. Indian market is big and still relatively unexplored and ripe for disruption. The next generation ( and even the current one ) of Indians will be a whole lot more educated and will have more money to spend, and their number would be in excess of 100 million.. So you're only losing if you haven't got a long term India Plan Dear VC. Edit: Grammer

NicoJuicy 8y ago
India is also a little bit protective ( rightfully so in my opinion). Eg. A marketplace can't sell their own products -> Amazon
- ganeshkrishnan 8y ago
  Usually I am very critical of Indian government messing in IT but here the main issue is that Amazon uses the data of marketplace sellers to have unfair advantage.

csomar 8y ago

Wait a second. Reading https://news.ycombinator.com/item?id=19540773 https://news.ycombinator.com/item?id=19540773 Does that mean they excluded you based just on name before figuring out where you are based? That would be more like "They don't invest in people from India" and I think it'd be good to red-flag them for that.

chrija 8y ago
Christoph here from Point Nine. No, we didn’t do that. I can confirm that with certainty even without having asked everyone on my team. I’m trying to find out what was going on and will post more details ASAP.
- ganeshkrishnan 8y ago
  Hey Christoph, here is a screencap of the email : https://screenshots.firefox.com/DCsDhXwfTXv0hsls/mail.google.com https://screenshots.firefox.com/DCsDhXwfTXv0hsls/mail.google... Sorry I don't want to come off as offensive and I didn't expect so much reaction to a simple denial. VCs have passed us on for far absurd reasons.
  - leadgeneration 8y ago
    Hi Ganesh, I would be interested in hearing the conclusion to this interaction. Do you have a point of contact where I could reach you at the end of this week? -Tom
    - ganeshkrishnan 8y ago
      Tom, that was the end of the email trail; I didn't hear back anything. It's no big deal really. A miscommunication between their tag line and my expectation. My email is ganesh @ aihello.com
    - chrija 8y ago
      Tom, please feel free to DM me as well. christoph (at) pointninecap.com (You might get an autoresponder but I’ll look for your email)