@rajeshsawhney
Life keeps throwing you bouncers - you can duck or you can hook - each comes with possibilities. But the reality is you need one hook shot to work for you and if you keep learning from the initial mistakes, you quite likely will hit one out the stadium.
Four times in my life, my
How freaky is this - you're driving in traffic and suddenly realize that the car in front is your old car from 20 years ago - one you sold about 10 years ago!!! Crazy...
Happened to me today!
One of the most humbling things in life is sales - I feel everyone should spend a year in sales early in their careers - including the
#VIP
's of them all,
#SoftwareEngineers
! If you don't, you will never develop empathy for the customers.
My sister left her phone in the
@Uber
and we realised it 5 minutes later. Since she had booked the Uber and not shared her ride with anyone, nobody had the information about the car etc. Repeated calls to her number got no reply until the driver finally heard the phone and picked
Microsoft has gone from ~225BILLION to 1.2TRILLION under
@satyanadella
leadership in about 6 years - a stock that hadn't moved for nearly 15 years has been on a tear. To me he is the Global
#BusinessLeaderOfTheDecade
- who else do you think deserves the throne?
Missed an international flight because the airport fell short of trays for
#securitycheck
- how ludicrous - but that’s the situation brewing at
#BIAL
@rk_misra
Every startup founder I now meet wants to start with a $2m fundraise that they call a pre-seed. They feel this is the right amt to be able to get to
- hire good engineers
- build an initial product & iterate
- achieve PMF
- have 18-24 month runway.
WRONG!
We always encourage startups to plan and build their organisations carefully - but this is the best cheat sheet and training video for who should do what - better than looking at their
@LinkedIn
profiles 😜
A short thread on what we look for at a seed-stage startup - every VC has their magic formula and ultimately a lot of it is gut instinct. Would love to hear thoughts from founders and others in the VC community.
A lot of my examples are for B2B(2C) - so keep that in mind.
A brilliant set of lessons from the
#Mahabharata
- valid in personal life, professional life - you name it!
Who is your "fallback", your "advisor" - choose well!
Travel time from SFO to Bangalore:
Drive to SFO Airport: 1 hour
Checkin Procedures etc: 2 hours
Flight to Singapore: 14 hours
Layover in Singapore: 2 hours
Flight to Bangalore: 5 hours
Subtotal: 22 hours - reasonably tolerable!
Bangalore Airport to Home: 3 hours! YUK
One of the best recent innovations (up there with Apple’s auto-filling SMS confirmations) is being able to scan a QR code and instantly pay via Apple Pay.
Total time to pay a bill reduced from several minutes (incl back and forth with server & CC) to 3 seconds.
You don't just play & love test cricket for nothing.
Brilliant game. Congratulations India on the win, & Australia for a great series!
#Testcricket
#AUSvIND
Everytime I spend a day travelling around Bangalore I feel that so many of our youth are sacrificing their backs & overall health - whether driving or otherwise! Dear
@CMofKarnataka
&
@drashwathcn
- roads roads roads - two good lanes & drainage! That’s the only thing to address!
Getting great salaries early in life is the biggest handicap one could get!
In India if you're below 35, I urge all of you to please join a startup - or startup yourself! It's a decision that may not work out - but one you'll never regret!
Amused to see folks from around the world reaching out to
#CopyCats
of the 59 banned apps - good for founders.
Meantime, if you're doing something UNIQUE, CATEGORY-CREATING, solving REAL ISSUES with BRAIN-POWER beyond code monkeys, please contact me!
#Humbled
This one is special - a startup of first-time founders builds a unique product, innovates singularly with customer focus & strives to build a team culture of
#foundership
Congrats team
@MyGate_com
- as
@vijayvicks
says “It’s still
#dayone
the best is yet to come”
If you aren't watching cricket right now, send us your resume right away - apparently, someone has gotta work!!
Just kidding - if you aren't watching cricket, not much chance of fitting in with our culture!
#GoIndiaGo
Honoured to share that
@primevp_in
has turned 10 years young. We started from scratch in 2012 with zero experience in
#VentureCapital
& have always tried to apply three simple principles
- Common Sense
- Fairness & Transparency
- Alignment of interests & incentives
The terrible mess that is every airport pickup zone can be easily solved by
@FASTag_NETC
- just have a parking zone that is free and a Fastag at the entry and exit of the pickup zone. Any vehicle gets 5-10 min free and then is charged 25 rupees per minute - self discipline will
#VCHiring
#ChiefofStaff
#InvestmentTeam
VC is the long game and there are several roles in VC that are entry-points.
We're hiring one such role now at Prime Venture Partners - looking to add a young high-energy always-on person to work closely with me, a high-energy, always-on
#Layoffs
#HiringFreezes
#OneYearSurvival
My single biggest advice to youngsters or middle-aged professionals who are working for big companies is -
Make sure you are NOT over-leveraged!
Reduce EMIs and ideally have lifestyles that can take a 1 year at zero salary - always!
There is a big difference between
#CreditOnUPI
&
#UPIforCreditCards
- while most people reading this post may equate them, if you don't have or use a credit card, you are being completely excluded from the system - unlikely to be the intent of the regulator!
Watching entrepreneurs present their business plans these days - some traditional presentation skills seem to be forgotten. While some of my examples might revolve around VC pitches by startups, they apply across the board. Here are some obvious ones:
I wish the
@BCCI
and
@ONDC_Official
had put a process together, perhaps in partnership with companies like
@makemytrip
and others to provide a delightful experience to fans.
Flight + Hotel + Cab Service + match tickets in a complete package - The WorldCup2023 should've been an
#TheFilterCoffee
is so much closer to being authentic than
#RameshwaramCafe
- personal opinion.
I have no idea who makes dosas at home the same way Rameshwaram does in their restaurant.
Which really is a shame because with a 25% of the ghee option, they would have an
We are thrilled & delighted with the close of our Fund IV at US$120 million. We are grateful to our LPs, new & existing investors for their continued support & confidence. Huge shoutout to our brilliant team, founders & startups for making this happen.
Please reply with what you consider are the top 3-5 tech-startups by city in the past 10-12 years. Format
Cityname: Companies...
BLR: Flipkart, Ola, Byjus, Udaan, MuSigma,...
Del: Paytm, Oyo, ...
BOM: ?...
Pune: ?...
Hyd: ?...
Chennai: Zoho, Freshworks, ?...
Will compile!
Great stuff by
@gokulr
For India, it seems after speaking with several folks that these are rough targets for people to aim for to be "IPO-Scale"
1) 500Cr ($60M) in revenues (not ARR)
2) 100Cr ($12M) in EBITDA
3) 25-40% YOY growth in top line while maintaining 20-30% EBITDA
PS: In other geos, the bar to go public is lower. In India, the bar is $70-100M annualized revenue. This is the reason many Indian companies are no longer rushing to incorporate in the US, or are doing a reverse flip where the US entity becomes a subsidiary of the Indian entity.
Rapid career moves will (over time) make the majority of intellectually smart professionals unemployable. Please spend 3-5 years in each company (if its going well) - nothing is more appreciated than real experience through difficult times, & "promotions" at work.
Is it just me or has
@WhatsApp
desktop client become really unstable. The sync'ing of messages is iffy, the app hangs on the MAC, and takes for ever to load messages every time.
It used to work a lot better in the past.
Stunning stats presented by
@manukumarjain
about the amazing journey of
@Xiaomi
- now a
#GlobalFortune500
company.
Most amazed that they have 25K employees in India, 95% women!
Thanks Manu for a memorable evening with the one & only
#KapilDev
#UnpopularOpinion
$500K (4-5 cr) is all a tech startup needs to prove out initial
#PMF
. I'm often told...
"I'm starting out, have a great idea - I *have/want* to raise $5M (40Cr) - else I won't start!
Sure you might've been "able" to raise it - but IMO its often a bad idea.🧵
I think
@UPI_NPCI
should ban and fine ALL UPI apps for not going out of their way to hide the VPA from users - the basic spirit of interoperability has been destroyed.
As VCs, we see companies come up with 5-year financial models - what we look for is the thought process - rarely the specifics! The ONLY guarantee is that what's on the model will NOT happen - as epitomized by this
@DailyDilbert
cartoon!
New Israeli drug cured 29 of 30 moderate/serious COVID cases in days — hospital | The Times of Israel
It’s apparently very easy to manufacture.
@buzzindelhi
@narendramodi
@nitin_gadkari
#PitchDeck
#FirstPitchMeetings
For many entrepreneurs, the first pitch to any VC can seem intimidating - but there's really no reason for it. Here are things I personally look for and admire - I recently met a young company and I felt the founders had done a great job; so I now
The island of
#Whitefield
is going to have an intra-Whitefield line of
#nammametro
- one that literally goes from nowhere to nowhere and back. It will be the first time such a line is introduced in Bangalore - since the
#PutaniExpress
in the 70's in Cubbon Park .
This is
I'm no counsellor or expert - but sharing some thoughts on a subject I have a personal life experience with.
My wife and I were both in our mid-20's when we got married and the next two years defined us. Our situation was compounded by the fact that we were near broke in the US
I'm unmarried at 32 and when I look back at the people I had (almost) prepared to marry when I was in my 20s I'm grateful those didn't materialise because that would've been the very definition of damage
It's always amazing when an India-focused B2B startup informs you that they've hit two big milestones - $10M ARR & Profitability - thrilled to wake up this morning and read this in my Inbox, especially when it involves a solid growth year in a challenging year 2020!
#StartupsRock
Discussing
@imVkohli
vs
@ajinkyarahane88
with a startup founder - his quote
“ I think fire in the belly, is so much important than on the face or lips”!!!
#startupVideo
Important for all startups to have a video to start a mtg - 90 sec is the ideal length. This should cover:
1) who is the customer
2) what problem you are solving
3) how you are solving it
4)key benefits of yr approach
5) call to action
Simple but effective!
Hey
@BajajFinanceLtd
- I will file a suit if I get one more call - offering me a 70000 loan - calling me at all hours of the day!
@Airtel_Presence
When will the real caller ID kick in - as per KYC?
Hopefully many of you find this useful - how to construct your pitch deck for a Series Seed/Seed+ round. A few points to note - keep it conversational to the extent possible.
I generally like to use takeaways as titles - and always recommend that if someone only read the titles,
#PitchDeck
#FirstPitchMeetings
For many entrepreneurs, the first pitch to any VC can seem intimidating - but there's really no reason for it. Here are things I personally look for and admire - I recently met a young company and I felt the founders had done a great job; so I now
@ishaanpreet
Goes against what an OTP is supposed to do!
Authentication has 3 factors
- what you know (like a PIN/password)
- what you have (eg. a mobile phone)
- what you are (eg. biometric)
An OTP is supposed to verify that you have possession of the phone - not that you remember a code!
For an early stage VC like
@Primevp_in
, announcing our investment in a new portfolio startup is one of those ultra-exciting moments!
Can't wait for tomorrow - to formally introduce the world to another exciting company that is solving a core problem today!
#Fintech
#startups
Is this the greatest use of technology or what - simply brilliant. Privileged to even see this - it's a
#MUSTWATCH
- do take 90 seconds to see how tech has transformed this life!
If you are an early-stage fintech (ideally in lending) & are open to brainstorming/pivoting & rapid prototyping new areas in fintech, drop me a DM!
3 requirements
* kickass tech chops
* domain understanding/learnability
* open mind
Unfunded preferred
RT/Share for
#GoodKarma
:)
My wife and I have inadvertently been on a piligrimage tourism binge this year. We've been to Varanasi (had heard a lot about it being cleaned up), and more recently to Jordan, Israel and Egypt.
On Varanasi - good lord, if this is the cleaned up version of the city, I shudder to
Just so you don't think the beautiful Sabarmati Waterfront is in a foreign country, these detestful paan stains at the entrances will remind you that it's very much in India.
#ZeroMDR
1/ Since 2006 I have been the bigget believer and proponent of in digitizing payments - ideally via mobile payments - lord knows I've preached this more than anyone else has! Even my 83-year-old mother is a convert, and I literally refuse to pay anyone in cash!
The
#IyengarBakery
#PotatoBun
is probably one of the most under-rated thrills of
#Bengaluru
- enjoyed a couple today and am skipping dinner!
If you're into Food in Bengaluru, it's not just about Idly, Vada, Sambar, or Masala Dosa or Rava Idly!
Think
#InsideTheBun
!!
Clearly the biggest story in Indian Fintech - by a mile! Kudos
@zerodhaonline
Nithin and Nikhil on a fantastic journey and milestone!
Zerodha Valuation: Zerodha's Rs 60-65 crore Esops buyback plan values firm at $1 billion, Technology News, ETtech
Hey
@ndtv
what is wrong with you guys?
@CleverTap
is merely an
#appanalytics
platform - not to be seen as sending data to a 3rd party. There is no scandal here - stop misleading people - EVERY app in the world uses such
#appanalytics
to analyze & improve their product!
#HappyEngineersDay2019
My 93 year old uncle was a superstar Engineer in his heydays - he asked me today - can my phone help me and tell me when I should eat and how many calories!
#EngineeringInspiration
#GoogleSheets
#MicrosoftExcel
- Can I have a view where USD is shown in Millions/Billions format & INR is shown in Lakhs/Crores?
- Can I have a toggle rather than having to create new rows for the same data?
We are living in 2021 with a 1985 solution of Lotus123!
Some of my biggest learnings was during my stint in sales - especially in a foreign country - early in my career. Some tips...
1) You have to take rejection well
2) People don't see your product the way you do
3) Most people don't care about your product
5) Price doesn't matter
Sharing some thoughts on the current situation in India.
First some positives
- Despite all the shortages - Testing, Oxygen, Hospital Beds, Remdesevir, you name it - the medical system in the big cities is really trying its best & its humbling to see! Deep respect & gratitude!
Meeting colleagues after 11 months, meeting new colleagues for the first time - a crazy set of thrilling emotions at the first
@Primevp_in
team meetup today.
Weird when you've only met someone on Zoom & don't even know their height/build!
#Resume
#MasksOff4PhotoOnly
#StaySafe
Hey
@bkartred
&
@sanjaynath
- you guys broke the
#StartupInternet
with this - kudos to you for tracking this level of detail, let alone sharing it in public.
While it was mostly amazing, I'm still smirking at the adjective used to describe me in the context of
#zipdial
"Old
The Omega Files (Inaugural edition)
————————————————
It has taken over a dozen years to get here. I was hoping it would be done by year 10. And we still have a few years before the Final Chapters of the Blume Fund I journey are entirely closed.
The First Edition of The Omega
OK - I'll say it - lessons for entrepreneurs from the
#Tewatia
innings are obvious - when things keep going wrong, have faith in your abilities, and focus on the basics - good things can still happen!
#ThanksRahulTewatia
for reminding all of us - and kudos/congrats!
Ten Years Ago, the local postman was happy yet very upset because his daughter had been admitted to an Engr college but he couldn't fund her. When
@rk_misra
offered to support her through our Rotary Club,
@rbitc
, the young lady promised us it was a 1 Lakh loan she would repay
I finally went ahead and attached a webcam to my car - front and rear.
While it was broadly painless, I couldn't help but feel that auto OEM's in the past several years haven't seen the opportunity to sell a software subscription and an app that just records the video in a
When
@primevp_in
entrepreneurs visit us for a pitch meeting, we do check out 360 deg skills incl. cricket capabilities.
@mfinecare
was backed as soon as the founder got our star batsman
@amitsomani
out second ball! 🤣
#WhosNext
(hint - keep
@shripati
happy, give him a few runs!)
Dear
@narendramodi
@CMofKarnataka
Whitefield is one of the highest per-capita tax generating parts of India. If we don't allow the rest of Bangalore to access it, we are choking one of the big growth levers for tech and startup India - I spent 1hour going 3Km & it happens daily!
H E L PLESS IN WHITEFIELD!!!
After 15 years of speculation & planning, we decided to dig up Kundanahalli - screwed the common man for 6 months and then filled it up & reopened it it worse state than ever before!
@CMofKarnataka
@ArvindLBJP
@kiranshaw
@rk_misra
@TVMohandasPai
Hey founder - how do you get the most out of your board?
Here are some thoughts from my experience.
1) Keep your board engaged frequently - outside Board Meetings. This is the best way to build a strong relationship and make them your "friends"