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Showing posts from April, 2014

To the Employee: 8 Things Your Boss Wants To Tell You

Extracts from a
blog post by AnnMaria of The Julia Group (emphasis mine).
1. Show up when you are supposed to show up. ...The point is that if I say I will be in Fort Totten, North Dakota at 10 a.m. on April 10th, if you come into the office at that time, you should find me there. Reliable competence is worth more than unreliable brilliance. I can make promises to a customer based on reliable competence and know that those promises will be kept. ...4. Don’t just do the bare minimum!Most jobs offer a great opportunity for people to LEARN and unlike college, they actually pay you to do it. What a deal! At The Julia Group, you can learn how to do everything from complex statistical calculations to use the video editing software. Specifics may vary from one job to the next, but the more you learn, the more valuable you are to us and the better it is for your future. Don’t just do only what you are specifically asked and then sit on your hands. Suggest something! Ask questions! Explore! …

Financials 101 for Startups - Revenue Growth Vs Profitability

Came across this old post by US-based venture capitalist Mark Suster on the topic via a recent guest post by Amit Sharma in NextBigWhat. Uses comparative examples to help understand Gross Margin / Net Revenues, Price/Revenue Growth, Cash Flow vs P&L Profitability, etc. 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.

"There are No Failed Entrepreneurs. Only Failed Wanta-preneurs."

Mukund Mohan of Microsoft Ventures has a wow blog post on why illustrated with a couple of examples of startups from the firm's accelerator:
For every two of these entrepreneurs, there are 100′s I know whose story did not end up with funding. It ended with a company that closed, or a marriage that fell apart and a kid that had to go to a tier 2 college, because they had spent a lot of their life’s savings in their startup. To them as well, I say “you tried, and did not succeed, but you did not fail”. Those who “failed” are the ones who did not try at all. The ones who failed are the ones in a safe job, 9-5 assignments who keep telling me “they want to start a company some day”.

I think we should have entrepreneurs that succeeded and those that did not succeed. I liken it to giving the gold for the successful ones and silver to the unsuccessful ones. The ones watching on the sidelines and commenting are the ones that “failed”.Arun Natarajan is the Founder & CEO of Venture …

External environmental challenges faced by startups in India

Entrepreneurs like Sanjiv Bikhchandani of Naukri, Murugavel Janakiraman of Matrimony, the Bansals of Flipkart;  VSS Mani  of Justdial, etc. deserve massive admiration. What they have achieved is more like conquering Everest. Good to know that once they have climbed the peak, thee environment also helps protect "their" turf. From a blog post by Dev Khare of Lightspeed Ventures (emphasis mine):
Many of India's successful startups have navigated a maze of challenges, creating leading brands and sustaining for long periods of time.  Correspondingly, it is much harder in India, relative to the US/Europe, for competition to unseat leading brands.
...Startups need large markets (Rs 2500cr+ or $500 million+) to get large and succeed.  This is hard to find in India, perhaps due to early consumer demand, unorganized markets, regional differences or foreign substitutes.  For example, digital advertising is a roughly $400 million annual business here, with mobile at 10% o…