Skip to main content

Gururaj Deshpande's Dash of Hope for Desh

Was wowed by Deshpande's simple yet powerful speech and interaction at the TiE Chennai organized event on February 5. Amazing how someone who's been living in Boston for 30 years is so much in touch with the grassroots issues in even small town India - and more importantly able to come up with practical solutions to them.

My top takeaways from the many that he provided:

India's Creme-De-la-creme is Taking Charge

2% of Indians are Globally Competitive. And the cream of this segment is now applying its intellectual and financial resources to tackle some of key problems of the bottom of the pyramid. The advantage that we enjoy, as compared to say China, is that citizens here enjoy the freedom to take action (and, as required, also partner with the state) to deliver these basic services.

The Govt should have an M&A arm to acquire NGOs!

Just like how big corporations (especially in developed countries) keep a keen watch on the innovation experiments being made by venture capital-backed startups and acquire the successful ones (to bring innovation capabilities into their fold), the Indian Government too should watch the various experiments being carried out in the NGO sphere in various parts of the country and acquire the successful ones and help scale them nationally!

Size (of company) no bar for being a mentor

Even an entrepreneur whose company's turnover might be just Rs.1/2 crores is a "big guy" - and hence qualified to be a mentor - to an entrepreneur running a much smaller business (for example one which is dependent on day-to-day cash flow). The former can teach the latter basics of accounting, management, etc. Teaching itself is a great form of learning and hence provides ROI to the mentor! Super stuff.

Thanks Desh!  

PS: D.Murali has put up the video recording of the event on Youtube here.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private company transactions, valuations and financials in India. Click Here to learn about Venture Intelligence products that help entrepreneurs Reach Out to Investors, Research Competition, Learn from Experienced Entrepreneurs and Interact with Peers. Includes the Free Deal Digest Weekly Newsletter: India's First & Most Exhaustive Transactions Newsletter.

Popular posts from this blog

How I Raised Funding - Priyanka Agarwal, Wishberry

You have to be confident and shameless while crowdfunding. Priyanka Agarwal, Wishberry shares on how to succeed in crowd funding with Venture Intelligence in this  interview. Priyanka also candidly shares how the team built Wishberry, raised funding from top angel investors like Rajan Anandan, on pivoting, and difficulties in raising capital for entrepreneurs operating in niche spaces not chased by VCs. Q: What does Wishberry do?Priyanka Agarwal: In its latest avatar, Wishberry has pivoted into crowd financing of low budget films (INR 1-5 Cr). We are essentially trying to create an internet platform for investment opportunities for HNIs in films including Marathi, Tamil, Kannada, or films targeting the global diaspora.

L-R: Co-founders Anshulika Dubey & Priyanka Agarwal, Wishberry Given that you are building a marketplace, how did Wishberry solve the Chicken and Egg problem? Beyond the “all or nothing” model what did Wishberry do to pull in more artistes and investors? First, you…

Interview with One97's Vijay Shekhar Sharma

Venture Intelligence featured an interview with Vijay Shekhar Sharma, Founder & Managing Director of One97 Communications as part of the July issue of the US-IVCA / Venture IntelligenceIndia VC report. One97 is one of the pioneering start-ups in the Indian Mobile VAS space and recently raised its first round of funding led by SAIF Partners.

Some extracts from the interview:

VI: How were you funding the company until now?
VSS: We were the first company to put a revenue sharing model in place with operators. That gave us recurring revenue and made the company cash positive.

VI: What were your challenges in fund raising?
VSS: Two challenges: first, deciding on the network the fund could provide and second, the kind of size commitment they can make for future investments. A third factor was the comfort with the VC: what kind of team it was, the chemistry between team members, the kind of person who will come onto our board. The VC on the board becomes your everyday business partner.


Think Big! - By Sanjay Anandaram

I remember reading an Akbar and Birbal tale many years ago. In this story, Akbar and Birbal wager on something. Akbar tells Birbal that if he (i.e. Akbar) loses, he could give Birbal as much gold as he wanted since he was the emperor, but what would Birbal give Akbar if he lost? Birbal said that if he lost, the first person who comes to the royal durbar the day after the loss would be asked to name the highest number he could think of. And Birbal would give Akbar as many gold coins as the number mentioned. Sure enough, Akbar wins and asks Birbal to prepare himself for the following day when he’d have to pay Akbar a huge sum in gold. The next morning, a beggar is the first person to come to the royal durbar and upon being asked to name a big number, says “100”. Birbal with a knowing smile promptly hands over a bag of 100 gold coins to Akbar. He later mentions to Akbar that for someone like a beggar who has to struggle for survival, the sum of 100 gold coins was an unimaginable amount a…