GSF Accelerator, Bangalore had a great session with Sharath Potharaju, CEO of Mobstac on Managing Finances at early stage start-ups. One of my favorite take-aways from the session was, “It is very important to have a plan; you may completely change it later”.
Here’s some quick, uncensored footage from the session – Sharath talking about the importance of selecting good lawyers and auditors. This is not the place to save money!
Aloke Bajpai of leading online trip planner and guide, iXiGO, has been an incredible mentor, advisor and friend to GSF. Back in October, he sat on our Investment Committee in Delhi, drawing from his years as an entrepreneur to select the best and brightest on our short-list. In this clip, he speaks about why and how iXiGO pivoted over 5 years after launching, in pursuit of a larger vision and problem to tackle.
Angel investor, Sid Talwar, has been a huge supporter and advisor to GSF. We had him come in and speak to our startups in Delhi on the critical importance of developing and learning from your MVP, or otherwise known as your “Minimum Viable Product.” In this short, and admittedly blurry clip, he talks about why just copying companies from abroad and dumping them into India without going through a customer development process does not work. In fact, most fail.
Last week in New Delhi we had Shyam Kamadolli from Fidelity Ventures share his thoughts on developing and conveying your startups business strategy. In this short clip, he breaks it down into the most common buckets, and, even shares his favorite quote! Check it out.
Although three weeks at GSF have flown by, lets take a peek at Day 1 in New Delhi. Going against conventional wisdom, we asked our startups to come up with the “Worst Business Idea” they could think of, then give it to another team to pitch it for the chance to bragging rights. See what they came up with, and who won the challenge!