Valuations often have seemed to be a “Black Art”, but they seem to be crucial in determining your strategy for outside investment! Are they really? How is the early stage entrepreneur going to decide what is reasonable? Some other questions that routinely come up in the mind of entrepreneurs: 1. How does the process of creating value effect me, my co-founders, my team & investors? 2. How do I...
A mentor and guide to many, Ram Shriram, managing partner at Sherpalo Ventures and one of the first investors at Google, addressed a rapt audience last week at the Bangalore office of [24]7. Opening the hour long session with his reaction to the start up scene in India, Ram Shriram applauded the dynamic vibe of the IT capital of the country, even as he lamented the lack of infrastructure and the...
A ‘startup’ is a company that is confused about – 1. What its product is, 2. Who are its customers, 3. How to make money. – Dave McClure As a startup we all struggle either with the Market Fit, the right price for the product and finally the sales. There have been times when we have wondered if the product is perfect or I could have added some new feature, all the while loosing time...
