In the past few posts we’ve looked at various startup situations from an entrepreneur’s perspective. In this and the next few posts, we’ll take a look at how the people on the other side of the table, namely the venture capitalists work. It is important to get a perspective of how the other side thinks and works if you want to build a mutually beneficial relationship. Read More
In the last post, we took a broad look at how markets and customers are to be evaluated. This is very important to internalize- especially for Indian entrepreneurs who have yet to understand that any product or service has to first meet market and customer expectations and requirements. And then and only then should you the entrepreneur look at defining the product or service.
So in this post, let’s take a look at how products and services can be defined. Read More
In the last post, we talked of the need to have the right kind of people in your startup, what positions to focus on and what to look for in the key people and hires. Having done that, the startup now needs to focus externally. Namely, on markets and customers the two most important aspects after people.
So, in this post, let’s talk about evaluating markets and customers. Read More
In our last post we talked about the technicalities of incorporating a startup. Let’s now talk about what happens once you have incorporated your dream company.
Now that you’ve decided that a startup is indeed for you and that you have the attitude, temperament and ability to deal with the ambiguities and tensions, you need to figure out how to go about the whole process of creating your startup. Gurukul will walk you through the process over the next few weeks. Read More
Today with the hype, glamour, and sex-appeal surrounding startups there is a real danger that all and sundry would take the plunge without being fully aware of the rigors and tensions of starting-up. Here are some pointers to help you decide if a startup is for you. Or if you are better off wherever you currently are.
We keep hearing from a lot of impatient entrepreneurs who wanted to get going and not be bothered with the fluffy stuff. They were in effect saying “OK. I’ve this great idea that will change the world. How do I form a company, get acquired and become obscenely rich?” So in deference to those die-hards, we will in this post talk about incorporating companies – the hows, how longs and how muchs (sic). Read More
Today with the hype, glamour, and sex-appeal surrounding startups there is a real danger that all and sundry would take the plunge without being fully aware of the rigours and tensions of startup life. Here are some pointers to help you decide if a startup is for you. Or if you are better off wherever you currently are. Read More
Entrepreneur. Venture capital. Pre and post-money valuations. Stock options. IPO. Acquisitions. And of course the ubiquitous “Startup”. All of these terms have captured the imagination of the current generation and have become part of the everyday lexicon of the GenLibbers. Given the ease with which it rolls off various tongues, it is perhaps naïve to even ask the question : What exactly is a startup? Read More
“How much am I worth?” is the question that all entrepreneurs need answered at some point.
The trouble occurs when this perfectly legitimate question consumes the startup team such that all energy is expended in negotiations with investors even before the startup has gotten off the ground. Professional, quality, and smart investors rarely make money at the cost of the entrepreneur. So assuming you have researched the investor(s) you should have some faith in their judgement. At the same time, naiveté should not be the cause of being handed a lemon of a deal. You too should be professional, smart and demonstrate understanding. Read More
There is no shortcut. There is also no magic formula. The key is preparation and in knowing your market, product/service, and in communicating the essence in a crisp manner.
We now know what to keep in mind while contemplating a startup, while hiring, and while writing a plan. And you’ve kept all these and more in mind while structuring your startup plan. It’s now time to raise money to fuel your entrepreneurial aspirations. You are now ready to approach the Venture Capitalist. Read More