As I look for seed investment opportunities I have narrowed my focus to critical mass plays ( Rs 500 per year from a million user type plays) that could potentially provide 400 crore exits in 4-7 years.
As the Indian economy expands some wealth creation has to come from companies that are just starting and my guess is that there will be atleast a hundred such 400 crore + companies in the next 7 years.
One of the key things I look for in entrepreneurs is the ability to accept “delayed gratification” and the ability to deploy capital efficiently. In an Indian context “delayed gratification” could mean taking a CTC of Rs 20000 a month while your peers get say Rs80000 per month. Sometimes the delayed gratification can take very long and it may never happen.
Like someone said you cannot have a baby in one month by getting nine women pregnant.