building a "rocket" business
DESCRIPTION
How do you build a "Rocket" Business? In other words, how do you build a business that goes vroom, and can excite Venture Capital? A talk at IBS, Hyderabad.TRANSCRIPT
Building a “Rocket” BusinessHow to get “Venture” Funded.
Vijay Anand, The Startup Centre
IBS |
Hydera
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5th D
ece
mb
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20
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We support technology Entrepreneurs building Global Startups – leveraging Software to solve Real World Problems – through our Resident + Accelerator Programme in Chennai.
www.thestartupcentre.com
Building a “Rocket” BusinessHow to get “Venture” Funded.
Vijay Anand, The Startup Centre
IBS |
Hydera
bad
5th D
ece
mb
er,
20
12
We all have Problems. The way we solve them is what
makes us different.
- Unknown Author
What Business Are you in?
Venture Capital
Who Built Facebook?
Who Built Facebook?
How Many “Projects” Did Zuckerberg build before Facebook?
Less Than 2% of Startups get
Venture Funded.
The Fact
Vijay Anand | The Startup Centre | @vijayanands
Understanding “Cost of Capital”
Friends and Family
Small Business Loan
Bank Loan
Credit Card
Venture Capital
Almost 0%
~ 9% ~ 11% ~24% Min 20% - 500%
Venture Capital, is for the rare “moon-shot” ventures, where you can promise everything, or end up with nothing.
But Startups DO get Venture Funded.What are some of the commonalities with all of them?
1. Solve Big Problems
Vijay Anand | The Startup Centre | @vijayanands
Vijay Anand | The Startup Centre | @vijayanands
2. Leverage Technology
Vijay Anand | The Startup Centre | @vijayanands
3. Be Darn Good at What you do
Vijay Anand | The Startup Centre | @vijayanands
4. Lead. *Ahem*, that’ll mean you need a team
Vijay Anand | The Startup Centre | @vijayanands
5. Build a Business, solving Real Problems
Vijay Anand | The Startup Centre | @vijayanands
6. Experience Counts
Vijay Anand | The Startup Centre | @vijayanands
7. Build Your +1 SkillsetBuild your Spikes.
Vijay Anand | The Startup Centre | @vijayanands
If you don’t succeed at first,
try, try again.
Vijay Anand | The Startup Centre | @vijayanands
Are you really building a
rocket?
Winning, must mean something. There is no
point investing in a company, to win and
to not get a substantial return – or to not impact the world.
Vinod Khosla, Khosla Ventures – Co-Founder at Sun Microsystems
Questions?
Vijay Anand | The Startup Centre | @vijayanands
