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Panel discussions are discussions conducted by Awaremonk
If we want some sort of a mentorship then what needs to be done? We got to hear about your thoughts on the generic questions here, but what if i want to discuss about my product financial models in mind etc with you, is that feasible? If yes then how?
It probably does not matter.
Usually, people are a bit afraid to startup and they should be, a lot is at stake. During these times, one of the ways to feel confident is to surround yourself with people who would support you through thick and thin. This is where starting up with friends might be a good thing.
However, Friends are friends and they may end up supporting you even if your solution does not solve a real pain point. In fact, they are not even expected to know, they are not experts themselves.
However, I wouldn't call big company achievements as hollow. It is for the individual to decide. You shouldn't expect your friends to lead similar lives as your own.
There are technology products that have come out of India. Tally, Freshdesk, Exotel etc. Perhaps you mean that we don't churn out as many brands as the US does. In this sense, this problem may not be just with tech products but with products in general. Paper boat, Amrut etc are fine examples, but the market is loaded with Unilever and Cadbury's. I suppose we are behind the west when it comes to creating large brands and impactful services, but it will happen. Patience.
You are right. Shitty interface and horrible UX seems to be unrelated to people's ability to raise funds. And raising funds, well, that is a pretty large topic for another day.
Would love to know your thoughts on the practice of raising premature and bloated funds
SaaS companies are trading weaker in the US public markets than a few years ago. On that basis, we might conclude that the excitement around subscription businesses are waning away. However, it still might be better than on-premise product companies.
Anyway, SaaS or not - we should not start there. We need to start with the pain point and then work everything else from there.
A few weeks ago, a leading IT company posed this as the topic of their campus selection GD, to the students:
Is the latest rise in starting up, just a fad or is it here to stay?
What's your take on this?
Starting up is certainly not a viable career option. Statistically speaking, you are more likely to end up broke than to end up with an IPO.
I think it is here to stay. You see, people have always started up. It's just that with technology, it is easier, faster and bigger. The question really is - Is the entrepreneurial spirit of humans a fad or is it here to stay.
So i have been working mindlessly since ling and to be honest even earn well finally, but things keep popping up in the head, which truly excite me, what bothers me is my family. I have a typical middle class family, Dads not there, mom is old and needs medical attention and i am the only one earning. Now everyone says just do it, things will get figured out and also dont expect to raise a penny without an excellent product, but for the product i need to be free in thoughts and mind which i am not. So what do you suggest?
I gauge my success in my ability to be happy and hopefully keep others happy. So, my personal success seems to be unrelated to the company.
Funding - Unfortunately, most people will not have the luxury to decide when they want to take the money. If you are in that position, you are already doing really well :)
Disclaimer: I don't have an MBA, so I am already biased in answering this question. Take this with a pinch of salt:
Nakul Rawat - Usually, people end up with an MBA because they are looking for a high(er) paying job. I see no co-relation between an MBA degree and the ability to successfully create a company.