I have been actively managing my personal investment portfolio since 2010. As an investor, I have missed on a few good "opportunities" over the years. The one that's probably affected me the most, was missing out on investing in Swiggy.
The primary reason being that was I not familiar with the founder well enough in 2014. At the time, I did not have enough back ground on the business hence it did not give me confidence though the idea sounded great. I loved the idea as I am a big fan of the food tech business. Of course, I believed I may be able to invest later once the startup was more matured. Rest as they say is history. Swiggy went on to become a unicorn.
Learnings from this is to give every pitch a patient hearing, do a deep dive analysis and evaluate. Even with an early stage start up, trust your gut feeling. Check credentials of the people behind the project and keep an open mind on the progress. In hind sight, I should have connected with like minded investors to ascertain the startup’s potential. Instead I relied on conventional wisdom and a pattern recognition that blurred my vision. Today I think differently, I do try to move away from the beaten path and evaluate all pitches distinctively. Well, you win some and you lose some but you learn from all. Each investment opportunity is different. In the context of Swiggy, fast forward to present and I realise that the team has executed brilliantly. I too am a regular user of the app. There are few moments of wistfulness though.