The story of Snapdeal finding its first angel investor 14 years ago is as much a lesson in entrepreneurship as it is about enterprising. Describing it as a story of “kindness and serendipity,” Snapdeal co-founder Kunal Bahl said he met his first angel investor during a guest lecture at a US college. But it took him a few years to get the person to invest in his startup and he still continues to be an investor at Snapdeal. Outlining the journey in a Twitter thread, Bahl thanked Ken Glass, the professor from Seattle who decided to invest in his firm, saying everyone ever associated with Snapdeal will always bless him.
Bahl began the story with his chance encounter with Glass. One day, Bahl walked into one of his management course lectures in college. And a grey-haired man, dressed casually, was chatting with his regular professor outside the class. “I wondered who this was, guest speaker it seemed,” said Bahl.
As the class started, the “gregarious, animated, excited” man asked one question that got everyone guessing: “What does the entrepreneur need the most to succeed?” The hint was it started with the letter ‘P’. Several options came up — such as patience, perfection, and persistence — but none made the cut.