“It’s a good team that makes a startup successful” is a hindsight statement

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While we agree with the fact that a visibly bad team from the starting itself is a recipe for disaster, I am not sure how to interpret the oft head statement saying “Startup is all about creating a good team”, or “good team makes a startup successful” or other permutations of the words, ‘Good Team’, ‘Startups’, ‘Success’. The reason – … Read More

VCs who move too fast

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Mayank Khanduja from SAIF Partners has an excellent post up on NBW on an unusual but important situation – where a VC moves quicker than is sensible to offering a termsheet. We all know of instances where funds move quickly to extend a term sheet, only to see it fall through at later stage, as some part of the due-diligence … Read More

The Ronco Principle in India

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Paul Graham’s essay Mean People Fail followed by the more recent Ronco Principle, in which he expands on the topic, has caused much hand wringing and teeth gnashing in startup circles. While I generally endorse the sentiment (the high incidence of assholes cannot be denied), I think the trend is more important than the current state. In other words, the … Read More

Difference between Angel Funding, Seed Investment & Incubation

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My Answer to the Question on Quora. Is there any difference between angel funding, seed investment and incubation? Quite some, 1. Angel Funding Mostly experienced individuals investing in personal capacities. This might by alone or in a syndicate (more often). Typical size of investment can be anywhere from $10k to $1mn. Sweet spots are $100k-400k. They tend to not care … Read More