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33: How to break into VC and how to approach VCs: Ahmed Elgabri from Shorooq Partners

FS Brew- Insurtech and insurance in the Middle East

Episode   ·  1 Play

Episode  ·  1 Play  ·  33:08  ·  Apr 19, 2023

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FS Brew has been speaking to #venturecapital firms interested in #insurance and #insurtech space to know more about what it takes to pique their interest and get the fund in! In our first chat with a #venturecapital firm, we spoke with Ahmed Elgabri, an investment professional from Shorooq Partners, a leading #abudhabi based #vc firm with offices across #MENA and #pakistan. It was a super insightful conversation, and we even got to know the whole application process for an insurtech start-up to apply for investment and their turnaround time. We also spoke about the following: their ethos- to be founders' partners; Ahmed spoke with us in detail on 'deep' Shorooq Partners work with the founders working with founders involves accessibility to Shorooq Partners' team itself, continuous access to partners and investors, helping build tech and team strengths, regional footprint and market access, and full support with fund-raising exercise criteria to evaluate start-ups: ‍‍invest in the founders/ team who are close to the problem is the team solving a sizeable problem?early signs of product-market fit, customer sign-ups ⌚Investment team to assess the start-up deck and get back within a month; investment ticket size between 1 to 3 mn $ for early-stage start-ups Shorooq Partners' interesting method to invest in an industry: thesis-driven sourcing! different trends within the #vc world, capital access, and focus on sustainable business models and lean and efficient operations management ‍ trends within the #insurtech space shaping each country within the region- from Egypt to KSA to UAE, maturity, and trends vary! their exit strategy, and they remain on top of industry trends that shape their decision-making; many valuable lessons for budding #vc professionals! Check out the interview to know more! Finally, if you are an aspiring #insurtech founder, check out www.shorooq.com to access their application online and let us know how it goes! Renjit Philip: Newsletter: ⁠⁠https://www.onemorethinginai.com⁠⁠ Socials: Twitter / X: @renjitphilip LinkedIn:  ⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠ Vidya Veerapandian: ⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠

33m 8s  ·  Apr 19, 2023

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