closing startups

closing startups.. what you gained..

an experience with investors

an experience with self

that what could go wrong.. went so

but no onwards a choice exists

be an employee if you cannot lead

be an employer if you lead

investors burnt their money

lost and forgotten

some ventures succeed

some ventures fail..

but let us hope for best

so decide what you wish

 

 

Start the accelerator……

Start the accelerator… Joe…

Joe ”what is it?’

Mary ”nothing much.. just batches .. identify entrepreneurs.. match investor requirements and get going”

Joe ”common.. this is not the way.. entrepreneurs get groomed”

Mary ”common.. half of buddies like you have those neat business canvas model strewn and discussed”

Joe ”we have made it like a school curriculum.. structured syllabus and so on…. real entrepreneurs are one who never attended any of these”

Mary ”PASSION was initiated way back right.. 2 decades earlier.. and then.. what happened..  no investors.. nothing…”

Joe ”look at its impact… 1000 plus mentors.. 1000 plus startups..  98 country viewership… an evolving framework… and yes over 200 plus individuals willing to raise funds too”

Mary ”what about investors?”

Joe ”common.. do we really need them… if they exist.. they will invest on startups.. and even if they do not.. we anyways teach startups to sell their products”

 

Lord Ganesha – 2017

Lord Ganesha returns back to India and finds a huge change in way of thinking within span of 1 year..

 

Few years back, the construction in rural areas were happening in pockets, full swing but then with Aadhar and linking everything to Aadhar, the tile industry, cement.. every where a slump..

The CAs are working hard to file returns per month and at grass root levels, it is taxation hitting all round..

The positive strengths of demonetization and GST is that discipline process has just begun..

But the Lord is also sad that a big disparity between HAVES and HAVE NOTS have come in..    A message loud and clear that offshoring will face challenge not because of US focuses on their own unemployment issues but because of skill development..

Lord is surprised that education has become unaffordable for many and though government keeps having multiple skill development initiatives, where is the zeal to teach?

Multiple entrepreneurship initiatives have been undertaken, but the struggle to get investors continue.

All hope miraculously that Lord will solve the problem one day..

Lord Ganesha is happy that the same zeal, enthusiasm continues and the respect too exists for him as always, and as always hopes that education system may get more innovative and reach out at all villages of country and hopes individuals begin improving self further through self-discipline, modest consumption pattern and think of more savings for better future of their kids and next generation.

Lord Ganesha is the same.. Loving, Giving, Forgiving and Kind and wants similar compassion built in all.

 

someday somewhere

someday somewhere

the dream will realize

from nowhere

if today was a day of failure

tomorrow will be a day of success

sun shining all the way..

so what if there is no demo day

someday somewhere

the dream will realize

without a demo day

someday somewhere

you will stop chasing investors

and begin believing in self

to do it all on your own

and emerge successful

Beloved Startups

Beloved Startups, the era of investors running for good idea, seed funding is diminishing. now is the time where they would be more happy to invest on proven business model, profit making companies and ones who already have a well defined team built.

So did you already drain minimum US$10000 on your venture? If yes.. ask Ms Lovely about her experience..

Lovely ‘am fedup.. everytime i kept chasing them.. but always negated for some reason or other.. and one day Jack came in my life’

Jack ‘Lovely.. i see you in all events.. am just an advisor.. neither an investor nor a startup.. why you waste here.. I do it just to be connected and if you wish to do so, this platform is good but do not run after investors.. they will run after you.. once you make profits’

Lovely ‘how.. My music portal hardly has any traffic. I need to build team’

Jack ‘PASSION.. what is it all about? just connecting dots..  Identify a company and set a deal.. for each positive response, they get 100 points and for just a response 50 points.. and if they give 100 positive response, it means they get 10000 points =  500$

Lovely ‘let me try it out’

4 weeks later

Lovely ”I make US$100.. he makes US$500.. it is wonderful… in 2 months, am in profit track’

Jack ‘please remember.. Investors are not GOD.. they are human.. Angels too are not GOD.. stop worrying too much about them..  what is the use of being an entrepreneur if you again have to behave like employee under Investors.. think about it.. just focus on your business rather then focusing on Investors”

 

startup secrets

never begin approaching investors till you have not completed your product.

never focus only on seeking investments.

budget your startup with following economics

X – DEVELOPMENT COST

X – MARKETING COST

2X investments needed

X is something which can be decided by only you..

so with this economics, you realize you do need always a cofounder.

so 2 technical folks can get into initiating something, but partnering with 2 marketing folks may give better leverage

always remember.. the X component has to be as lean as possible.

 

Crowded focus

Abdul is worried that there are many startups coming in fashion space..

Abdul ‘this is going to head to disaster.. consolidation needed’

Mathew ‘Sir.. we just cannot help.. all wish to follow leaders’

Abdul ‘think something unique’

Mathew ‘do you have money to blow’

Abdul ‘how much?’

Mathew ’20M$’

Abdul ‘it is too high..’

Mathew ‘we will acquire 20 startups in that space and slow consolidate’

Abdul ‘what about their other investors’

Mathew ‘All will be happy.. do you have 50M$’

Abdul ‘why so much?’

Mathew ‘just acquire one more big fry at 20M$ and you are up in this game’

Abdul ‘is acquisitions only the way going ahead?’

Mathew ‘many ways exist.. but first acquire and then we will have IPO and you remain the undisputed king’

Abdul ‘how much will I get on an exit?’

Mathew ‘1Billion?’

Abdul ‘this seems endless’

Mathew ‘this is how the eco system functions.. hence many fail..’

Abdul ‘am still not sure if I will plunge or not.. but it is overcrowded’