I had organized the third leg of our Entrepreneurship Workshops, titled E-Boost III upon the topic "Boot Strapping", as we had got an amazing repetoire of guest speakers both of 1st generation Entrepreneurs and Venture Capitalists. Refer to the guest list
Mr.R.Sriram started off the lecture series by pointing out that entrepreuners need a "CAN DO" attitude, and quoting from an example these days Indian V.Cs though have started funding it is pretty less (in the past 24 months a prominent V.C fund had invested in 14 companies after going through 800 B-plans). He shared across a few experiences mostly about how to manage a business without any capital; and later on went ahead to give us a 1-2-3 (or) step-wise plan for the same :- (a) Look for specific customers (b) Work in the industry (c) Define the exact problem.
He was followed by the prolific Vishal Gondal (India Games) who started from NOTHING TO NOTHING, which was incidentally the topic of his presentation. His presentation was pretty candid and shared across his personal experience of how to garner a V.C and how to go ahead with just your plan. He gave us examples of how to THINK BIG while walking on a tight-rope.In the end he finished with saying, "The Management Principle which really works to start your own business is -JUGAAD"(a hindi slang for boot-strapping)
Next on the menu was Mr.Manoj Gupta (VP , Nexus india Capital) his presentation was mostly peppered with the takings from the previous two speeches and a lil bit of Q&A.
Followed on was Mr.Jay Gupta (Founder, The LOOT retail chain) who talked all about his experience with starting the entreprise.
Definitely a evening of lot of takings. Couple of pics ...
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