Who is a Shepherd?

By: Zukhraf Gull


Naturally you’d ask what a Shepherd has to do with Entrepreneurship. We, at JumpStart Pakistan have given a new meaning to this word. A Shepherd is basically a person who is a Mentor, Investor, Angel Investor, VC, or in some cases even a CEO of a newly established Startup.
We truly believe that co-founders of newly established Startups in Pakistan not only need investment but also need a little bit of hand holding during initial phases. A Shepherd is a person who has a capacity and is willing to invest in new startups while their unparalleled experience of a decade or two in successfully building their own startup qualifies them to offer initial investment in new startups in exchange of equity.

 

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This role of a shepherd was devised in order to fill in a core position in one of JumpStart’s initiatives called Shepherd’s Pie. Shepherd’s Pie is a startup-investor/shepherd meeting and matching platform where startups from all around Pakistan participate and pitch in front of investors, who we address to as Shepherds, and try to impress them to fund their startup. Shepherd’s Pie follows the pattern of Dragons Den and Shark Tank. 1 winner is picked from every city’s episode of Shepherd’s Pie, all city winners then compete in a finale episode from where the winner gets a chance o participate in seedstarssummit* in Switzerland.
Startups are given 10 minutes to pitch and Shepherds get another 10 minutes for Q&A at the end of which they can decide to shake hand and finalize the deal or let that startup know that they are interested but need more information from them in order to finalize the deal of investment. Shepherds have the liberty to either commit investment to any startup at the spot or take them under their mentorship so they can refine the idea and then invest financially.
The position of a shepherd cannot be attained just like that. Anyone willing to be a shepherd with JumpStart Pakistan has to be eligible of a certain set of rules.

 

  1. They need to have about 10 to 15 years of hands-on entrepreneurial experience.
  2. They need to be able to invest at least PKR 1 Million in case they find a startup interesting enough
    for them to fund.


Someone who has these credentials covered can join JSP and become a Shepherd Member after completing the necessary signing up procedure.
The shepherds currently associated with JumpStart are not just investors in a panel. They have an active role in JSP as part of the official Shepherd’s Focus Group. They are on board with JSP for constant input on what could be done for betterment.

 



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