Sunmeet Jolly
Managing Partner at Jolly Investor
Sunmeet Jolly
Managing Partner at Jolly Investor
San Jose, California
Overview
Work Experience
Managing Partner
2023 - Current
- Providing Venture support to Early stage AI, SAAS & IOT startups. Portfolio includes Posh.AI, Caspar.AI, DecileGroup.com, Lincode.AI and HeyPinnacle.com among others - Completed VC Lab Cohort 11 (May - Nov 2023) and partnered with Decile Partners for Fund Formation, Back office Operations, AI powered SAAS and Fund Advisory services for Jolly VC Fund I, LP - Angel Investor in 44 Tech Startups. 6 Exits @ 12.5X MOIC @ $2.91B. Portfolio at 38% IRR, 4.4X MOIC with 27 active. 5.8X MOIC of 17 (realized). Notable early stage investments: Heliogen (IPO: Dec 2021), Knightscope (IPO: Jan 2022), Monogram Orthopaedics (IPO: May 2023), Virtuix, Commerce.AI, CleanCapital, Apptopia, Virzoom, Quest Analytics, Vantage Robotics, StartEngine, GoSun, AtomBeam etc. (https://crunchbase.com/person/sunmeet-jolly)
Angel Investor
2016
- Angel Investor in 44 Tech Startups. 6 Exits @ 12.5X MOIC @ $2.91B. Portfolio at 38% IRR, 4.4X MOIC with 27 active. 5.8X MOIC of 17 (realized). - Investor in Virtual Reality (VR), E-commerce, B2B SAAS, Robotics, Drones, Internet of Things (IOT), FinTech, Health Tech, AgriTech, Food Tech, Space Comm., B2C Web & Mobile applications, Artificial Intelligence (AI), Solar & Clean Tech, Video Gaming, Specialty Retail and Mobile Analytics (Seed, Series A, B, C, D and any other funding rounds pre-IPO) - Notable early stage investments: Heliogen (IPO: Dec 2021), Knightscope (IPO: Jan 2022), Monogram Orthopaedics (IPO: May 2023), Virtuix, Commerce.AI, CleanCapital, Apptopia, Virzoom, Quest Analytics, Vantage Robotics, StartEngine, GoSun, AtomBeam etc. (https://crunchbase.com/person/sunmeet-jolly) - Completed "Venture Deals" coursework provided by Kauffman Fellows Academy and Techstars (Instructors - Brad Feld and Jason Mendelson) - May-June 2018 - Attended 1st batch of Y Combinator Startup Investor School in Mountain view, California - March, 2018 - Judge/Panelist @ Silicon Valley Investing Summits organized by AngelLaunch.com (Multiple Events since 2019) - Judge @ $1 Million Global Startup Challenge organized by FalconX in Milpitas, California on behalf of Vizag Fintech Festival 2018 - Sept 2018 - Judge @ Startup competition in Berkeley, CA organized by Trepcamp as part of their Advanced Entrepreneurship Program - July 2018 - Advisor @ Igniter conference organized by Igniter, Silicon valley - Oct 2018 - Managed personal investments in US and International Real Estate, Equity, Debt instruments, Cryptocurrencies etc. - 2004 onwards - Inventor (Multiple Granted and Progressing Patents in USA, UK and India) - Volunteer at Discovery Charter School - 2013 to 2019
Founder & CEO
2016
- 106,000+ GROTU app downloads on iOS and Android with 37,800+ registered user accounts - 2 US Patents Granted - USPTO Patent number US 11290589 B1 granted on March 29, 2022 and USPTO Patent number US 10397322 B2 granted on Aug 27, 2019. These patents cover important innovations in fields of Social Networking, Group Messaging, Group Productivity, Planning Tools and Sharing Economy - 240,000+ Facebook followers (https://facebook.com/101islands) - 3 additional Patent applications in progress in UK and India - "GROTU" Trademark registered by USPTO in May 2021 - GROTU and 101islands.com operate under 101 Islands LLC (A California LLC). Plans to form a Delaware C corp in future. - Completed Newchip Accelerator Seed & Series A Program - July to Dec 2021 - Patented and Released GROTU Mobile app - Mobile friendly "Private" integrated software tools for Groups! GROTU app is FREE to download from Google Play store and Apple iOS app store. Use case videos at https://www.GROTU.com - 1,000,000+ Youtube video views (https://youtube.com/101islands) - 2 Million+ video views across multiple social media channels. - Travel content updated on www.101islands.com and https://facebook.com/101islands. Traveled to 31 Countries, 51 Islands, on 11 cruises generating rich travel experiences and content! BLOG/VLOG targets Islands, Cruising and Large Group Travel segments. - Software Product Management (SPM) Certification from Product School. - Google Ads Apps Certification.
Sr. Account Manager
2008 - 2009
Sales & Business development responsibilities to start HCL's relationship with latest acquisitions of a Fortune 500 client while managing and growing revenue stream with an existing subsidiary. ISV Focus within HCL's High Tech practice.
Sr. Business Development Manager
2006 - 2008
Part of Senior Sales team of L&T Infotech in USA. Started 2 new accounts including a Fortune-100 Relationship that grew from 0 to $200 million+ in TCV for L&T Infotech, ramped up Offshore Centers and Project Teams. First hand experience Competing and Collaborating with Big 5 Consulting firms in a Multi Country Multi year SAP implementation. L&T Infotech is subsidiary of Larsen & Toubro, an Indian Multinational (Forbes 2000 company) with interests in Manufacturing, Engineering, Construction and IT.
Sr. Business Development Manager
2005 - 2006
Worked with Intelligroup which was acquired by NTT Data. Sold SAP & Oracle Application Management Services with Global Delivery Model.
Sr. Business Development Manager
2003 - 2005
Capgemini acquired iGate in a $4 Billion sale. I worked for iGate responsible for selling IT & BPO services with Global Delivery model. Signed up 3 new Fortune-500 contracts. Managed and grew multi million dollar relationships.
Sr. Sales Executive
2000 - 2003
Patni was acquired by iGate which was acquired by Capgemini in a $4 Billion acquisition. I was early Member of Patni Sales team in US. Opened First Telecom Account for the company. Signed up and grew a Global Fortune-100 relationship.
Channel Sales Executive - Hewlett Packard
1998 - 2000
Channel Management and Exclusive Distribution of Hewlett-Packard Products in Sultanate of Oman. Country Marketing Responsibilities and MDF management. HP-STAR Certifications.
Channel Development & Marketing Programs Management
1997 - 1998
Worked as Marketing consultant with Hewlett Packard in rolling out Telemarketing campaigns, Channel Loyalty programs and Development of HP World retail stores across India.