Favcy 1st Cheque

Dear Reader, Zomato, Nykaa, PolicyBazaar and now Paytm. What have these recent startup IPOs done? Well, for one they have given very handsome exits to the existing investors in these businesses. Some may say that these loss making businesses have given hugely profitable exits to their investors at the cost of naive retail investors - but these are the principles of investment. The money moves around.

Investors invest to make profits and invest these profits back into the market. So it's important that they get exits. Similar is our focus at 1stCheque by Favcy. Here we not just present risk mitigated deals for you to invest in, we also handhold these startups to future fundraisers and growth, thereby ensuring your exits. Read more on how we go about this in our Favcy Review section this week, penned by our Founding Partner, Favcy, Pranav Chaturvedi.

Dear Reader, How do you evaluate the startups at an idea stage? This is a question that we get asked so often by our investors. But how do you actually evaluate something that’s not there yet? Well, this is what we do 😎

At Favcy, we have a whole extensive assembly line that purely caters to this - Idea Validation. I agree there’s a fascination with new ideas - a limitless feeling of where this could go? We add the right blend of practicality and knowledge to it. This week, in the 'Behind the Scene' section, we decode the alpha move of idea validation - DREK Analysis which is the first step that a startup undergoes in their venture building journey with us. You may find it helpful even while assessing startups in your personal capacity. 😉

Dear Reader, welcome to our ‘Celebration Issue’ 💃

Wish you all a very Happy Diwali 💫

’Tis is the time for celebrations. We thought that the best way to celebrate together with you is to share a string of achievements that we have achieved over the past one year of building 1stCheque. 

Dear Reader, does the term MAANA sound familiar? No? It should. It’s the new FAANG coz Facebook is now Meta and Google has been Alphabet for some time now. 

The change in name is a reflection of Meta’s focus on the future which is towards building a meta verse (alternate virtual universe) aided by AR and VR. However, there are tons of Meta jokes going around and the verdict is divided. 

The jokes 👇

I thought I would write about what excites me the most about this new virtual world that is being created but then I saw a thread by Vaibhav Sisinty that’s saying the exact same things. So, here's the thread for you -

Facebook will now be called META,
You must have already heard about it.
But here are the why's 👇