Posts Tagged 'VC'

Why Indian VCs should blog actively?

As I was planning to attend the Tie-ISB Connect this year, I decided to look up the various panelists online to understand who I would be meeting. I found most of them on LinkedIn, great! But, I found that most of them did not blog. I think it is a loss to the Indian startup community and probably, to the VC community too! Here’s why I think so…

1. VC-thinking process – way before an entrepreneur starts to create pitch-decks, they are looking at who to pitch, how to pitch, what is the right etiquette and more often than not, who is interested in the same domain as where they are starting up. Basically, they are looking for the “inside scoop” on what VCs think is a good pitch and what kind of team composition is apporpriate and so on…The VC websites only show up the “finished goods” – someone here got $$$ and someone there got more $$$ as funding. How, what, where and more importantly, why not – are good insights can more easily be shared on personal blogs (to whatever extent possible!)

2. Know-thy-VC – This is an oft-repeated theme at most startup meets and what better medium than the blog to get to know someone before you commit to take the funding? I’m assuming not everyone has a direct face to face access to the VCs while mulling their startup venture. (Also, reading a blog is not a substitute to reaching out, networking and knowing someone in person, it is just a first step) Over time, you can get to know what they are thinking, why and how they make their decisions. This will be a wealth of information for the startups at one end, and on the other might act as a self-filtration mechanism based on who has or not done their homework during the process of reaching up to the VC!

3. Moving beyond the one-session intervention – A blog will extend the touch points of the VC for the wannabe entrepreneur community from the  “one-session” panel discussion or the hosted networking event to a stream of thoughts, active conversations via comments and rating systems. This will encourage more people to startup as it will begin a process of demystifying startup and investment process.

So, this post is a special shout out to the Indian VCs who already blog – Thank You, and to those who don’t, to start a “blog habit” and enrich us with their thoughts and insights.

Tie-ISB Connect 2009 – Part 1:Incubators

I attended the Tie-ISB Connect 2009 this year and to say the least, it was one of the most inspiring sessions I have attended in the recent past. Let me go over some of the highlights for those of you who missed and for the rest of us to keep pointers in mind, as we move on…(with the “rodent-sized memory” of ours – courtesy Siddharth of Rang De Basanti fame, during the panel discussion on Taking India Forward)

I will cover Incubators in this session. This was the first panel on JumpStart that was organized by Sanjoy Sanyal and had as panelists Nandini Vaidyanathan (Founder ForStartups), Sunil Maheshwari (Founder Mango Technologies) and Deepam Mishra (i2 India Ventures). All the three had incubators in common, where Nandini helps setup & run incubators in Engineering Colleges, Sunil was incubated in IIM-B and Deepam is trying to commercialize the technology present in our top-notch IIT labs.

The broad takeaways from startup perspective were –

1. Be ready to fail

2. Focus, Focus, Focus

3. Think big, thing different, think you – when you are solving a problem

4. And, last not the least, realize that incubators are good for money and the relationships  – everything else you need to do on your own.

Nandini went on to describe the ideal incubator as one that believes, funds, mentors and bridges (helps with networks) but the fact that no incubator perfectly does all of these shows that there is a lot of room for improvement. At the same time, her own efforst in this area and increasing awareness to spur entrepreneurship in the community has helped create incubators in engineering colleges that can help young startups attain success. You can read more about these efforst at her blog.

Next few sessions were around funding, growth, partnerships, next 800 Million Opportunities and taking India forward…that I shall cover in the next few parts of this blog series. In the meanwhile, please feel free to share your experiences, if you are looking to engage with incubators, please feel free to ping me.

PS: There is a 5 -day workshop on entrepreneurship being held from Nov 16-20th 2009 in PES School of Engineering by Prof Nandini Vaidyanathan and interested people should register before Nov 5th 2009.  Knowing Nandini, I would strongly urge anyone interested in entrepreneurship and startups to register and gain from the experience.

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