A couple of months ago, I found my jaw hitting the floor during a start-up pitch. The founder of an early-stage B2C startup revealed that he had previously raised a family and friends’ round of the princely sum of 5+ crores (~$900k). That capital was exhausted in less than 18 months; the monthly burn was […]Read More Family & Friends – Please Save Your Capital!
Recently, I had a long conversation with someone about the challenges I faced working with an obstinate founder that they referred to me. The person countered that the founder was passionate about their business idea, and I misunderstood their passion. I disagreed with their assessment. During the week, I have contemplated the difference between obstinate […]Read More The passionate vs the obstinate founder
I have inculcated a new habit of listening to podcasts during my morning routine replacing my old one of playing loud music to get me charged up for the day. Today I heard Robin Sharma’s podcast – The Secret of Massively Creative People and loved his suggestion to create a “Menlo Park” i.e. a place where one can disconnect from the world and give way for the creative side to express itself. When I […]Read More Scheduling a Weekly Visit to Menlo Park
I have been finding ways to manage the dual stress of entrepreneur and venture capitalist through 7-day breaks with the simple objective to ensure that I am (almost) completely off my digital devices I have time earmarked every day to read books I am disconnected from work, especially my emails I am pursuing a hobby […]Read More Perfecting the Vacation Auto-Response
It is important that founding teams declare if two of the co-founders are married to each other, blood relatives or cousins. The team can choose to reveal that after the pitch, but I prefer if the team takes the bull by the horns and reveals the full extent of the relationship before they start the […]Read More When is the Best Time to Reveal that Your Cofounder is Related to You?
I must be honest that I was not a big fan of Akshay Kumar through most of my teens. His movies centred around his martial arts abilities and he had typecast himself into a brand of cinema which I did not identify with. Then something happened 10 years ago that altered the actor’s career and […]Read More Video of the Week: The Undisputed King of Bollywood
There is a serendipity in deal-making once one summarises the events that lead to its closure. Today, as I announce our investment into Haazri, that is how I feel. My first interaction with Haazri was unbeknownst to me, during the long hours that I spent at Yash’s office ordering numerous cups of the chai that […]Read More Why did we Invest in Haazri?
Being born in the early 1980s, I have been a witness to Maruti’s slow takeover of the automobile market in India. I faintly remember sitting with my cousins in the trunk of our first Maruti-800 that my father & uncle bought together. It had the glass panel lifted so that we could avoid our heads […]Read More Book Review: The Maruti Story
Yesterday at a luncheon, a fellow angel investor and I were discussing deal flow when the senior editor of a respectable news house introduced herself to us. As many journalists do, she brought up the “high” valuations that are accorded to Indian start-ups and inquired as to whether they are “sustainable”. My fellow angel investor immediately […]Read More High Valuations are a Thorny Issue!
On Friday, AIMWI invited me to be a panellist for their 6th annual Family Office Summit India 2018. One of the perks of being a panellist is the opportunity to listen to the speakers scheduled before my session. I can point out many instances where the nuggets of wisdom imparted by speakers have led to […]Read More 3 Things to Learn About Investing from a Founder that Sold his Company for $465 Million in 2013