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How to bootstrap

So you have a big idea but very little money. The best way to bootstrap is to tap friends and family. There is an amazing amount of work that you can do with very little money. You can build prototypes, get angel employees, study the domain and the competition. In most cases you may be […]

Opportunity Cost

Entrepreneurship is not about taking a lot of risk. Most entrepreneurs operate on the principle of a very big upside if the venture suceeds and a small downside if it fails. If as a young person you have a big idea and you give yourselves two years to give it a shot what do you […]

Who wants to be an Entrepreneur?

I read this beautiful piece written by Subroto Bagchi in today’s TOI. Can anyone locate the clip, I tried but couldn’t. While it’s easy to generalise and say that Mr. Bagchi has a gift in expressing his thoughts lucidly, what he also manages to do is query existing myths and beliefs and perhaps, stir up […]

Four useful books

Prospective entrepreneurs often ask me if there is any reading I recommend. Entrepreneurs often do not have time to read but I did find these books useful ( I normally skip portions that do not interest me like almost the entire first section of CK Prahlads book – I found some of the case studies […]

What should a VC be like?

Munjal Shah profiles some of the traits that he likes amongst VCs. Amongst them: Genuinely and aggressively support the entrepreneur High level of understanding of the business Be straightforward Ability to get into detail on the ground, rather than “armchair feedback” Would love to hear about what else entrepreneurs value. From my own experience as […]

Context of advertising

One of the reasons why Google is so successful at Adwords, and not so successful at Adsense, is that the context in which advertising is placed is extremely important. When people are looking, they also look at ads and click on them if they seem relevant. If someone is reading an interesting news article, it […]

The End (of Software) is Nigh

On demand software intrigues me. I am not sure if early stage entrepreneurs in Delhi can benefit from this trend. If they can and their plan calls for angel investing they should contact me. This URL gives some interesting numbers on Salesforce.com the pioneer and current leader in the field… http://biz.yahoo.com/fool/051117/113225041813.html?.v=2

Choosing a VC

For entrepreneurs looking to raise external capital, its worth checking out Scott Maxwell’s post on how entrepreneurs should evaluate a VC, beyond just the ability/willingness to write a check. According to him, the critical factor is the ‘fit’ between both parties. While his 9-points to assess fit are somewhat long-winded, his broad message makes intuitive […]

A “tight loose” approach

If technology as a disruptor is a given ..what is the best way to envision the next killer business opportunities? In the book “Leading the revolution”, HBS prof Gary Hamel has a quote for the new innovation solutions- Industry revolutionaries are like a missile up the tailpipe.Boom! You’re irrelevant! i.e. strategy is not the domain […]

Metcalfe’s Law/eBay

Silicon Valley tends to get quite excited about “network value” . Eyeballs, social networking and even PayPal. In India Metcalfe’s law is not popular. See http://en.wikipedia.org/wiki/Metcalfe’s_law. Can Metcalfe’s law help Indian entrepreneurs create elephants ? Building company value is not just about revenues and breakevens. Baazee was bought by eBay for $50 million even though […]

The Indian Wealth Rush

If India keeps growing a lot of wealth will be created. While existing companies public and private will definitely contribute I think companies that are just starting out will play a major role. Sectors like IT outsourcing and BPO were not major a decade ago. What will the next decade bring ?