And other vignettes from TiECon Chennai-2012
going to just stay still like you," said the rabbit to the owl on the
tree branch above. And proceeded to stay still. Just then, a fox
happened to pass by and got to enjoy a nice (effortless) dinner.- Satguru Jaggi Vasudev to
emphasize that entrepreneurs can afford to delegate depending on the
level at which their company is. (If the company is operating at a
vulnerable level - like the rabbit - then they better be "running
around" focusing on even the smallest details. But if the startup has
taken off, they can afford to perch themselves and run their companies
with an owl's eye view.)
Keep your eyes on the
immediate next milestone (say, Series A funding) and focus on what you
need to get there. Everything else is a distraction.
- K. Ganesh, Founder of TutorVista & CustomerAsset
have one life to live. And it is too short to worry about building a
legacy and be wedded to one company forever. Entrepreneurship is a
series of sprints. Create some thing of value; wealth for yourself and
other stakeholders and move on to the next thing you are excited about.
- Meena Ganesh, CEO of Edurite Technologies & Co-founder of CustomerAsset
there can be a few exceptions, large institutions can only be created
with a long-term focus. Entrepreneurship is a marathon.
- Murugavel J, Founder, Bharatmatrimony.com
Most entrepreneurs talk about their product; what really matters more is the market and distribution.
- Paul Singh,
Partner, 500Startups who also gave out some useful numbers for
entrepreneurs: As a rough rule, it's ok to dilute a 15% stake for
raising capital that will sustain for about one year. With that money,
you should aim to raise the next round of funding at 3 times the
We have learnt what it takes to
get our (seed funded) companies to attract the attention of Indian VCs
(for providing the first round or "Series A" funding): Rs.2-5 crore
revenue run rate + cash breakeven (so you are not desperate for the
funding) + very good traction on a key parameter. Focus
- Karthik Reddy, Managing Partner, Blume Ventures
The money is very much there - whether from accelerators, angels, seed funds or VCs. Our challenge is that we do no find enough entrepreneurs who think big enough and want to change the world.
- Rajesh Sawhney,
Founder, GSF Superangels who also pointed out that it's a bad idea for
founders to dilute a total of more than 30% stake to early investors
like friends & family, accelerators and angels.
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