Building global startups in Iran is easier than you think. It is much more about getting it done than having big 5-year plans. In this event, Iratel Ventures invites an entrepreneur who is building a global startup to talk about his journey, his vision and how VCs can and should provide support. Mohsen Khalkhali, Partner at Iratel Ventures, talks about the vision and practical steps they are taking to execute on this vision.

2. 2:00 –
2:30pm
Welcome Mohammad Reza Abrishamchi
2:30 –
3:30pm
Building a Global
Startup
Fireside Chat with Alireza
Tahmaseb conducted by Milad
Saberi
3:30-
4:00pm
VC Introduction and
product lunch
Mohsen Khalkhali
4:00-
5:00pm
Networking and
conclusion

4. Always remember that the purpose of your company is to serve
others, not your ego.
LARS DALGAARD
PARTNER AT ANDREESSEN HOROWITZ

5. Theoretical Stuff
The Partnership, The Entrepreneurs
Why did we set up Iratel Ventures?
Why the name Iratel Ventures?
Global (Why)
Why events?
Practical Stuff
Data (Services, Deal Flow (Locations, Valuations, Sectors))
Global (How)
When should you take VC money? What should you take from a VC?
Invitation to collaborate and self-learning (Product Launch)
Thank you
Q&A

6. Theoretical Stuff

7. Iratel Ventures is a VC firm investing in entrepreneurs building global companies at seed and early stage
in or related to Iran. Our team works closely with startup founders on strategic partnerships, talent
management and global growth.
Iratel Ventures specially focuses on the Smart Connected Devices and IoT markets and combines the
strength of its unique technology offering with deep understanding of the devices marketplace to drive
innovation, growth and efficiency within and across the value chain in these markets.
strategic
partnerships
talent management global growth

8. BEHNAM NADER
BAHAREHSOBATI AZAR
ALIREZATAHMASEBZADEH DANOUSHVAHDAT
Partners
&
Entrepreneurs

9. Why did we set up Iratel
Ventures?

10. To Learn

11. Why did we name it Iratel
Ventures?

12. To Promote Corporate Venture Capital and
Innovation Strategy

13. Global - Why

14. Abundance
Managerialsim
Discretion and secrecy
Competition and resource consolidation
Consumer
Empowerment
Radical transparency
Open source and collaboration
Maker
Scarcity elimination (abundance creation) can only happen at a global
level. Your business model doesn’t take you global, your values do. If
you build your company based on these universal values, they’re valid
anywhere and then it’s up to you to choose where to take your company

15. Why events?

16. I kept asking people for advice.
“How can we as a new VC help a young ecosystem
flourish?”
Many people including Brad Feld and Pejman Nozad advised on events. Many people take advice but
don’t execute on it, we did!

17. Practical Stuff

18. Global
Startups

19. Average IV Score Average Deal Size Average Valuation
Iran 4.17 $583,214.79 $1,700,000.00
Canada 7.20 $754,286.14 $5,050,000.00
UK 7.83 $453,937.50 $5,940,000.00
US 7.33 $1,056,500.00 $8,500,000.00
Total Average 6.48 $671,802.92 $5,735,294.12
Valuations
in Iran

21. Sectors

22. Global - How

23. Press and Analysts,
community, lawyers,
consultants, etc
Strategic Partners
Tech professionals
Engineering talent +
non-portfolio
founders
Portfolio CEOs and
co-founders +
Co-investors
Public and private companies that are customers and
partners for production, marketing, sales and
distribution, legal, immigration
Tech professionals that can help with mentoring,
acqui-hires and strategic advice for growth
Engineering talent that can be absorbed into
portfolio companies as and when needed
Portfolio CEOs and founders bootcamp +
VC and Angels relationships
Product, Growth
Mentorship, Scaling
Team
Investment,
Execution, Education
Press that can help with brand building and PRGrowth
12
10*
8*
27
6
63 persons in
our network
Function Persons (real or legal)

24. When should you take VC
money?

25. Never…

26. Product
Launch
Everyone should have a #venturemindset
We have built an open source VC questionnaire on our website to help startups
evaluate themselves. We believe we need to be transparent about our processes.
Our website is only one of the distribution channels.
We are also building chat bots that can help you evaluate a startup and make this
process more efficient. The first one is FundingBot on Telegram. This is a beta, so
we’d love to hear your feedback.
Search FundingBot in Telegram now and start your #venturemindset journey. This
is how internet should be used, as the biggest platform for collaboration and
innovation to connect us in more efficient and purposeful ways.
Search @FundingBot in Telegram

27. Recommended
Reading
Where
to Start
Model  What =
Innovative &
Fluid
Values  How =
Protected &
Proprietary
Purpose  Why =
Big-Picture &
Communal
How great leaders inspire
action

28. Questions?

29. Iratel Ventures is a VC firm investing in entrepreneurs building global companies at seed and early stage
in or related to Iran. Our team works closely with startup founders on strategic partnerships, talent
management and global growth.
Iratel Ventures specially focuses on the Smart Connected Devices and IoT markets and combines the
strength of its unique technology offering with deep understanding of the devices marketplace to drive
innovation, growth and efficiency within and across the value chain in these markets.
strategic
partnerships
talent management global growth