TenCube’s 2009 pitch deck saw it raise $1.5m from Paytm’s parent firm

Q&A

1️⃣ When was the deck created?

It was created in 2009.

2️⃣ How much did you raise?

We raised US$1.5 million from One97, now more commonly known as the company that runs Paytm.

3️⃣ Has the company’s direction changed? If yes, how and why?

Directionally, it was almost identical to how we saw it. But one thing that was completely off the charts was that Android kicked in, and App Store revenue in the end was way larger than we originally thought. 2007 was the launch of the first iPhone, and Android was tiny – no one was buying apps on the phone in general. This completely changed in a matter of a few years.

4️⃣ Lessons learned?

Founders know their business better than anyone. There were many investor naysayers and also other suggestions and ideas – they were wrong, but we seriously doubted ourselves, as we were also first-time entrepreneurs.

🌱 Editor’s note: TenCube was acquired by McAfee in July 2010. Its founder, Darius Cheung, went on to start 99.co. His other co-founders, Rishi Israni and Varun Chatterji, started Rotimatic and Seventh Sense AI, respectively.

SOURCE

🙏 TenCube’s series A pitch deck.
💬 Q&A with Darius Cheung, CEO and co-founder at tenCube.