@ CII Innovation Summit 2013

1. Entrepreneurs and investors – pitch for fund raising is like “love at first sight, if chemistry is not there – difficult for arithmetic to work”! 2. Dealing with uncertainty and comfort to thrive in ambiguity – key DNA needed for entrepreneurs 3. US: 18-20k companies formed every year (20-30% get funding) vs India 1.5-3k (8-10% get funded) Failures: 60-70% in US vs India 40-50% 4. US companies exit at 20-30 Mn USD while Indian companies exit at 2-3 Mn USD. “Think Big” mindset lacks in India while we also are risk averse (is that why we withstood the global … Continue reading @ CII Innovation Summit 2013

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A to Z for Start-up Team/Entrepreneurs

Random thoughts on my learning (or lot of un-learning!) so far…please note that I am not a William Shakespeare (nor a serial entrepreneur, by definition not even an entrepreneur…realized that my class is tagged as intrapreneur=somebody else’s money + risk but (some of) your ideas), and so the post is intended to pass on a sense of A to Z in… A – Attitude I would rate attitude higher than skills when you are recruiting the first 50 employees. “Hire for attitude, train for skill” see  http://blogs.hbr.org/taylor/2011/02/hire_for_attitude_train_for_sk.html B – Big Dreams  it doesn’t cost you to dream BIG (yes, keep a … Continue reading A to Z for Start-up Team/Entrepreneurs

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