The Omega Files | Episode 2

Adithya Santhosh
Published
Reading Time
1 minute
Slide titled The Omega Files, showing Episode 2 Nov 2024 and description of a deep dive into Blume Fund, portfolio lessons, pattern matching, IRRs and guest fund features, with speaker Karthik and Adighya of Blume displayed

Episode 1 of the Omega Files did cause a bit of a flutter last year. There were also a few questions left unanswered and it was for a reason. We need to give more meaningful learnings and data each year and we don’t have a new fund to dissect each year. In fact, Blume Fund II’s declassification and analysis is still at least 3 years away. So, what analysis can one provide in between?

Last year, the questions were ​‘Why?’, ​“Why?” and “ Why?”. ​“Why did you do it?”  I surveyed my team and got one set of answers to the Why’s and then I wrote all my own reasons.

Then, there is the reader’s curiosity to address. ​“What more can you tell us?”, ​“What’s the IRR?”, ​“How is it computed?” ​“How does it benchmark?” We have delved into this in Ep2.

Also, we believe it’s time for Indian venture funds to script their own narrative. Let’s see how our own ​‘desi’ power laws play out. We extended the invite; from one guest fund last year to more funds this year and we intend to keep the tradition going in Future editions. 

A special shout-out to Naman Biyani (IIM‑A ​‘24) and Maitri Vora (IIM‑B ​‘24) who have been incredible interns supporting this endeavor.

Blume Ventures proudly presents Episode 2 of The Omega Files.

Authors

  • Profile photo of Adithya Santhosh

    Adithya Santhosh

    Adithya oversees key strategic initiatives and growth planning at Blume, primarily spanning corporate development; fund strategy; venture platform innovation; and industry-policy representation. He also advises select portfolio…
    Current Section
    Associate Vice President, Strategic Planning
  • Profile photo of Karthik Reddy

    Karthik Reddy

    Karthik Reddy is the Co-founder and Managing Partner at Blume Ventures, one of India’s leading early-stage venture funds with over US$900 million in AUM. Blume invests in emerging tech and tech-led innovation from Seed to Series A…
    Current Section
    Co-founder & Partner
    Sector
    Media, Entertainment & Gaming, ConsumerTech