When I started my first business along with my partner, we were guilty of booking business expenses through our own savings accounts. Do not commit this mistake
It all began when I came across this Unpluggd event somewhere on Facebook and thought of attending it. Initially, I was little hesitant to attend; with the inconvenience of travelling between Hyderabad and Bangalore and spending nearly Rs 2600 for the whole ordeal.
At the time of the split, I thought – “Whoa! He used to handle so many things – Sales, Meetings, Presentations, Financials and what not. How am I going to do all that? I need someone”.
When Idea made that ad about the mobile representing an individual and everything in their life, they were closer to the truth than they probably realized. WhatsApp did, and that’s what made it so valuable to Facebook.
Many startups don’t apply because they make assumptions about how YC or other accelerators think. This applies to business development activities as well.
Here is what we asked : Which font do you use in your sales proposals ANd who is your target segment.
Offering silver-bullet prescriptions that are blindly lifted from the playbook of countries like Singapore is a wasted opportunity and a pointless exercise akin to jerking off in the dark and convincing yourself that you have scored!
How do VCs or angels value startups?
How much should I raise?
How much should I dilute?
“Worse yet, he has the right answer for everything. I’m just sick of the guy – I don’t think I can work with him!”
So if you are an entrepreneur, the next time there is an alumni get together in town, make it a point to show up. And whenever you need help don’t hesitate to flash your college credentials and reach out to your alumni.