Business
Siddhartha Ahluwalia
Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journey from our startups but lacked the experience of building 1-10 journeys. Hence was born the Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. 
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01/12/2019

Amrish Rau, Co-Founder, CitrusPay & Angel Investor

#100xEntrepreneur #Podcast with Amrish Rau, Co-founder at Citrus Pay, Head of Investments & Partnerships at PayU“Life is Game, Treat it as a Sport, Enjoy your time in the Field, & It will be Fantastic!” - Amrish RauAfter starting his career as a Sales Manager at Siemens Nixdorf in 1996, he later worked extensively with Teradata & First Data. He later started Citrus Payments in 2014, which was acquired by PayU for $130Mn in 2016, one of the biggest FinTech deals in India.As an Angel Investor, his Portfolio Companies are - CRED, Khatabook, Signzy, and OPEN Bank among others.In this podcast, Amrish shares his deep insights of the FinTech space in India & opportunities coming ahead.Notes - 00:56 - How did he grow from a Sales Manager at Siemens to one of the renowned names in Indian Fintech Space?05:20 - How does he treat his work life?06:36 - His experience of Investing in CRED, Mobile Premiere League, Khatabook, Dunzo & Bira 13:28 - Formation of Citrus Pay14:42 - Seeds of Entrepreneurship17:55 - First few years of Citrus Pay - Testing the Market19:26 - His thoughts on Business Capital requirement & Funding21:45 - “You should not tie your dreams to - How much funding I can raise?; Instead, think of - What problem statement can I solve?”23:11 - Pivots v/s Experimentation & Improvisation24:32 - Core Unsolved problems in FinTech for B2C & B2B27:15 - Will Startups in Credit Lending Space be able to make money?28:24 - Credit Lending opportunities in SMEs30:23 - Cost of money is extremely high through NBFCs31:37 - Other Markets he’s interested in - Transactions & eKYC32:52 - “The number of Quality founders, I meet every day, I’m soon going to end up broke being an Angel Investor.”35:26 - Preparation for the Big War in FinTech 37:33 - Advice to listeners - “Spend time in understanding the complexity of FinTech”44:45 - No.1 Golden Rule for a Cofounder is to put the Company FirstSend us a text
53m
17/11/2019

Alok Goyal, Stellaris Venture Partners

#100xEntrepreneur #Podcast with Alok Goyal, Partner, Stellaris Venture Partners“It’s essential that you find the perfect balance between passion and money” - Alok Goyal.After heading SAP India as COO for 3 years, he decided to become a Venture Capitalist and joined Helion Ventures in 2013 to understand and experience the Indian Startup Ecosystem. In 2016 he Co-Founded Stellaris Venture Partners, where he looks after the following markets - SaaS, Logistics, Recruiting.Some of the Portfolio companies of the firm include - Mamaearth, Whatfix, mfine and Shop101 among others.In this podcast, Alok shares, about Electric-vehicle & SaaS space in India and more.Notes - 00:35 - Journey - COO at SAP India to a Venture Capitalist05:38 - How he got introduced and joined Helion07:02 - Led investments in Software & Services markets at Helion 09:15 - How are Investment decisions taken at Stellaris?11:20 - Deals led by him - Whatfix, Signzy, noticeboard, LOADSHARE 15:05 - Reasons behind rapid growth in Whatfix and LOADSHARE18:05 - Does he needs validation on his investment decisions from a senior investor?19:05 - “If you are a reasonably sized fund, it’s not possible to build Theme sized funds?” 21:39 - Why is he so bullish in the Electric-vehicle space in India?24:53 - Two-wheeler & Three-wheeler vehicles would be first adopters of EVs in India26:36 - “EVs Market would be bigger than Ola & Uber combined due to Economies of Scale”27:42 - SaaS Startups Growth in India vs US32:20 - Evaluation of Founders - “Great Founders don’t fit into any pattern, they define new patterns”35:05 - Key Strategies in SaaS - “Ability to sell your solutions, Scale what works & Kill what doesn’t”44:22 - Role of Markets in Growth - “Great Entrepreneur + Average Market = Average Outcome” & “Average Entrepreneur + Great Markets = Decent Outcomes”Send us a text
1h 3m
10/11/2019

Sandeep Sinha, Lumis Partners

#100xEntrepreneur #Podcast with Sandeep Sinha, Co-founder & Managing Partner, Lumis Partners“The belief of the Entrepreneur & the team that you are building & serving for a larger potential market is one of the differential factors in startups which grow 100x.” - Sandeep Sinha.After completing his Post-Grads from London School of Economics, he worked at GE and 3Com Corporation during his early career. In Sept 2006 he started Lumis Partners an Operating Private Equity Fund, with some focus areas which include: Education & Skilling, Recruitment, Assessment, Human Resources and Career Community Solutions.Some of the Portfolio companies include - SHEROES, Wheebox, Altizon Systems among others.In this podcast, Sandeep shares, about role play as an Investor, building relationship with founders and more.Notes - 00:32 - From working at GE in his early career to starting Lumis Partners in 200601:30 - Working closely with Entrepreneurs gives you the opportunity to learn & experience a lot02:25 - Prioritizing select markets can be done by regular experimentation & persuasion 04:44 - Identifying Recession-Proof markets with opportunities of big wins07:32 - Can startups with great teams persuade an Investor to make an Investment?10:24 - The Kind of Entrepreneurs he as a VC would love to work with again & again12:45 - Some of his exists from Healthcare, Human Resource & Fintech14:55 - Being a Hands-on Investor & Methodology of Engaging with Portfolio Companies 16:43 - Pros of being an Open-Ended Equity Firm in case of having to deal with LPs17:56 - Identifying Founders with Deep domain Industry Experience & Understanding20:19 - Engaging with Companies from the start by testing Pre-revenue Models20:56 - Anti-Portfolio Companies - MakeMyTrip, OYO, ShareChat26:30 - Enabling Founders to discuss Challenges & Problems with Investors by building a strong relationship27:57 - Ideal Co-Investors - Clarity in terms of Role Play as a Co-Investor 32:27 - “At the end of the day deliver Great Financial Results, Make an Impact & Enjoy the ride of being a VC”Send us a text
38m
04/11/2019

Karan Mohla, Chiratae Ventures (Formerly IDG Ventures India)

#100xEntrepreneur #Podcast with Karan Mohla, Executive Director at Chiratae Ventures (formerly IDG Ventures India)“As a VC to add value, keep asking yourself, What are the one or two things which if the company does, based on your experience, they’ll thrive. And then Discuss & Communicate that with the Founders.” - Karan Mohla.After graduating from the University of Michigan, Karan joined Jefferies & Company in Silicon Valley, where he first experienced Capital raising, Strategic Company Analysis & Investment Banking.He was also the Youngest person admitted in the INSEAD Executive MBA program history. In 2010, after his Masters, he joined Chiratae Ventures (formerly IDG Ventures India) as a Senior Associate. Since then during his 9 years journey over there, he moved up the ladder to become Executive Director and Head of Consumer Tech & Media SectorCurrently, Karan is a Board of Member in Bounce, HealthifyMe, LittleBlackBook, POPxo, Tripoto and several other big names in the Indian Startup Ecosystem.In this podcast, Karan shares, about the Opportunities in Consumer Tech & Digital Media, Challenges faced by a Venture Capitalist and more.Notes - 00:50 - From being an Intern at E&Y to becoming Executive Director at Chiratae Ventures07:16 - “There are ways in life through which you can create an Impact, Entrepreneurship is one of them”09:40 - Challenges while Fund-raising as a Venture Capitalist & Being a Venturepreneur14:30 - His first Thesis based investment in FirstCry17:30 - What are the scenarios where Top-down or Bottom-up Strategy are suitable for?19:50 - Which markets & business models have been a big win in the past decade?21:37 - Why most Advertising & Ed-Tech Startups don’t work out in India?23:46 - Three Signs of a Bad Investment Opportunity 26:08 - Potential business models to look out in Consumer-Tech30:43 - Thesis for Digital Media Companies32:50 - Creating a Full Stack Business Model = Content Community + Commerce (not being a force fit)37:10 - Recipe to Scale Fast - Surround yourself with good people early on as an Entrepreneur39:55 - Proper Execution is more valuable than just having a Vision50:45 - Not having personal biases to your role as an Investor51:04 - “While making an Investment Decision, something or the other would always go wrong, it’s better to plan much in advance.”52:33 - Dealing with Uncertainties in the form of delayed results being a VCSend us a text
1h 2m
24/10/2019

Shalini Prakash, Co-Founder Epic.one and ex-Venture Partner 500 Startups

Shalini started as a Venture Partner in the Venture Capital Ecosystem with 500 Startups in 2015.Post which later she started her own Rewards & Loyalty based product Epic.one in early 2019.In this podcast, Shalini shares, the investment philosophy & thought process practised by her at 500 Startups.Notes - 00:20 - Unusual for a VC to become an Entrepreneur01:30 - How did your life shape up your background?02:30 - How did 500 Startups happen?03:20 - Purpose in life as a VC & Now as an Entrepreneur04:17 - Epic.one (Solving the fragmented rewards space)05:15 - Profiling a Customer07:16 - Building an Ecosystem of Players09:38 - Teaming up with Cofounder - Amit10:25 - Key learnings at GSF as an Investor12:20 - Wave of Financial Startups13:40 - Investment Strategy at 500 Startups17:24 - “In early stages folding of Companies is very common, 40-50% close in first 2-3 years”19:50 - “Sometimes your hypothesis is wrong & sometimes it’s not well executed”23:01 - Four things I learnt from the mistakes of Startups we invested in!P.S.I would like to give shoutout to my friend Swayam Prabha, who is the founder of Divine Rejuvenation.I signed up for Divine Rejuvenation wellness class online. It was 30 min session where the instructor uses state of the art bio-energetic tool for your physical, emotional and mindful well being.I had one of the most deep sleep that day and next day my meditation session was wonderful.For 100x Entrepreneur listeners they have launched a special one time 30 min session at 100% discount. Use the code “100X” while signing up on https://divinerejuvenations.com/appointments/Send us a text
32m
06/10/2019

Vishal Gupta, Bessemer Venture Partners

Podcast with Vishal Gupta, Managing Partner at Bessemer Venture Partners.“When you create a Network effect, your moats become stronger and your growth is also disproportionate.” - Vishal GuptaVishal did his MBA from IIM Calcutta, in 2002. Post which he initially worked with HCL and later joined Reliance Capital Private Equity in 2003.Finally, he joined Bessemer Venture Partners in 2006.Some of the portfolio companies at Bessemer Venture Partners India include - Bigbasket, Swiggy, Pharmeasy, Urbanclap and DocsApp among others.In this podcast, Vishal shares, about startups with Strong Distributions Channels, opportunities in Healthcare and more.Some Questions answered by Vishal in this Podcast -1. What’s his take on Operational heavy businesses like Bigbasket & Swiggy ?2. What does he think Distributions & Supply Channels in Startups?3. Why does he believe in Data-driven board meetings?4. What is his thesis for opportunities in Healthcare in India?5. What markets didn’t worked out for him?P.S. I would like to give a big shoutout to Qtrove.comQtrove.com is a content and community driven curated marketplace that exhibits and sells natural, organic and non-mass produced products made by small and local sellers driven by passion and purpose. Qtrove.com wants its consumers to 'MakeTheSwitch' to a sustainable lifestyle for a better tomorrow. Qtrove.com wants to change how you consume products IN your body (that is food), ON your body (that is personal care) and AROUND your body (Household Care). They are the G-Commerce (G stands for Good) guys. Use the code 100x to get exclusive 20% discount till 31st oct 2019. I have myself made lifestyle switch into more organic and sustainable products. For eg. the honey and sugar which I consume, the soaps which I use at my home are all made by these local sellers made by hand. Not only you are using something which is good for your body, you are also providing livelihood to so many people.Send us a text
1h 3m
19/09/2019

Ash Lilani, Saama Capital

Ash started his career in Banking and joined Silicon Valley Bank and has been since associated with them.He is credited with bringing the major VC & Investment houses of Silicon Valley & San Francisco Bay Area to India in 2003 (also known as the birth of Venture Capitalism in India).He later started Saama Capital in India with the vision of being an Active Co-Investor.Saama Capital is also well known for being an early investor in Paytm. Some of the other investments of Saama Capital include – Raw Pressery, Sula Vineyards, Shaadi.com, and Games2Win among others.In this podcast, Ash shares his journey and experience of bringing the VC culture in India, setting it up and investing in several well-known Consumers Brands & Fintech companies.Some Questions answered by Ash in this Podcast –1. How did the birth of Venture Capital happen in India back in 2003?2. How was his experience during his first meeting with Vijay Shekhar Sharma (Paytm) during his investment pitch?3. How does he see a Startup doing pivots and what was some of the successful Pivots in his investments?4. What has been his philosophy during all of his investments?5. Where did his market thesis didn’t work out?6. What are some of his big companies & exits in Consumer brands?7. What habits does he attribute to his successes?8. How is 2019-20 for founders?9. What are some of his advice for new VCs?A big shoutout for my friends at Sleepy Owl Coffee. Sleepy Owl makes super smooth Cold Brew Coffee and Hot Brew Coffee that requires no equipment to brew. Their Brew Packs are made from the best Indian Coffee beans, carefully roasted and packed immediately to seal in the flavour. Ready to brew, anywhere. Just add water & let it brew overnight. Apart from cold brews, Sleepy Owl recently announced their entry into the hot coffee segment with the launch of an entirely new category- 100% biodegradable, Equipment-free 5 min Dip-N-Sip Brew Bags. . Real coffee that’s made at home. Available at www.sleepyowl.co – use the code 100x at checkout to get 15% off your first order.Send us a text
1h 3m
09/08/2019

Sukhbir Singh, Bollywood Singer & Startup Investor

Sukhbir Singh is a well-known Bollywood singer. He is also called the prince of Bhangra. He has recently become an active startup investor. His first investment is in the beverage market in India.In this podcast, Sukhbir shares his journey of how living hand to mouth in Kenya, in a Gurudwara taught him humbleness and never letting your success or work change your human principles. His parents migrated when he was just two years old from Jalandhar, India. His father was into singing, classically trained, but he was spiritually inclined. So he worked as a Gyaniji in Gurudwara in Kenya.He learned different instruments by being in a band in Kenya, started off as a keyboard player, then progressed to a drummer, guitarist, and then eventually a singer, started from backing vocals and then lead vocal. More on his journey in the podcast.When being asked on:1. How do you feel when you meet young founders today?I see myself in them. I see when I was their age and I had that desire and passion to create a song, would take an idea from just a melody to a song. And, for Startups I see them in a very similar fashion it starts with an idea and then the passion behind the ideas of people actually take that idea and make it into a reality. 2. How music production and startups are related?It's the same thing with startups you don't know if that is going to work. It's unless and until you put it into practices. Similarly, with music production, you take an idea to make it into song and then let you know the masses decide whether it's a hit song or not.Sukhbir also shares:1. What he is looking in startups and founders that he wants to fund2. His advice to founders to deliver excellence in business3. His learnings from 25 years in the music industry that can be applied to startups4. His advice from his own experience on dealing with failure in startupsFrom Siddhartha: A shoutout to India’s first start-up to create shoes with Natural and Sustainable Fibres. Neeman’s shoes are extremely lightweight and flexible. I wear them without socks, and I don’t have to worry about odour anymore. Plus, if they ever catch a stain, I dump them in a washing machine. Overall, after wearing Neeman’s – I don’t think I can wear any other shoes. So, go ahead and try them. Just for the audience of 100X, my buddies at Neeman’s are offering an exclusive 15% OFF using the code 100X on https://neemans.comSend us a text
11m
30/07/2019

Sanjeev Aggarwal, Founder The Fundamentum Partnership & Helion Ventures

Sanjeev Aggarwal is the Founder of The Fundamentum Partnership, Growth stage fund.Sanjeev has also been the Founder of Helion Ventures, one of the earliest Venture Capital Funds in India established in 2006.Sanjeev started his entrepreneurial journey as the Co-Founder of Daksh, one of the largest BPO in India which sold to IBM for $150 Million in 2004.Sanjeev shares his investing thesis in the podcast where startups need to solve a big problem for a large market. And if the participants in the market is very diffused which is the case with most consumer businesses, then organising that market can deliver you a very big impact.Eg Daksh was participating in $100 Billion outsourcing industry.MakeMyTrip $20 Billion travel industry.BigBasket $300 Billion grocery industry.Common theme is that very large market, highly under penetrated in terms of how it is organised and how digitally influenced it is.In founding team Sanjeev looks for First Principals thinkers. Reason that element is you are solving problem that has never been solved before so you can’t use a template to replicate. You have to create you template on the run.He is looking for Co-founders who are like Hindu gods Brahma and Vishnu, who are very complementary to each other, one if the visionary and other executes and builds on that vision.Why story tellers win ?Storytelling is as much about your thinking process as it is about communication process.Capital goes to those founders who are thinking big and who are thinking scale. Investors make their own mistakes but that is what is very attractive to investors. Are you solving a big problem. Do you have vision of the future. While you will solve actual problems bottoms up but do you have bigger picture very clearly in front of your mindThere is value in how you communicate but to me communication skills is an outcome of your thinking skills. And therefore they are the rightful recipient of large capital because in India GDP is growing and digital GDP is growing even faster. So there are lot of big problems which are waiting to be solved which is what these entrepreneurs are doing.Journey of scale up think in horizontal. It’s really about 4 things:1. Strategy: How are you thinking of shaping a market2. Structure: What is the organisation design. 3. Putting the right people 4. Having a very strong governance mechanism.Send us a text
52m
21/07/2019

Prashant Pansare, Co-Founder, Eagle10 Ventures

Prashant Pansare is the Co-Founder of Eagle10 Ventures, Seed Stage Fund investing $150,000 to $450,000 as the first external check in the startup.Eagle10 has invested in 6 startups which include TravelSpice, Zestl, Pi Beam Labs, Mate Labs, Net Analytics.Prashant has been founder of Playerify, Online Prasad, Medissist.Excerpt from the podcastPrashant's 5 favourite mistakes from his entrepreneurial journey:1. When we were building Playerify, Just Play sports, we kept on building considerable amount of time. We should have shipped lot faster, we should have iterated lot often. Key thing that I have learned the hard way that iterate faster, make mistakes.2. Being overworked as an Entrepreneur. Most of the entrepreneurs think that they need to keep clocking the hours. But I learned the hard way that it is important to take a pause. Moment of reflection really helps to see, to reassess. “Even Ferrari takes a pitstop”. 3. I have made tons of mistakes in hiring and not hired the best way in my earlier journeys. You need to always hire the people who are committed to you in your vision. People who come with a short term vision of may be making quick money or not understanding your vision they usually fall apart first. They don’t contribute to you as meaningfully as you would expect. 4. I didn’t do really well which I picked up in 4th year is peer to peer learning. You need to talk to more founders, share yours and listen to their challenges and not build in silos.5. Not just go for your passion. Most of the entrepreneurs tend to start their journeys with something they are extremely passionate but it may not be a business worthy idea. Passion is something you really love but is the market large enough. Because what you are doing if doesn’t have a wider acceptance, it’s really hard to build a large company even to be self sustainable forget about raising venture capital.Send us a text
32m
16/07/2019

Mayank Khanduja, SAIF Partners

In this podcast with we explore Mayank Khanduja’s journey as an investor at SAIF Partners India. SAIF is among the Tier-1 early stage investors in India, investing across all sectors.Mayank comes from a family of engineers so getting highest education was the top priority in his family. After completing his engineering from Delhi, Mayank went on to MBA from IIM-Calcutta.After working 5 years in Technology consulting in McKinsey, Mayank itch to work closely with technology companies brought him to world of early stage investing with SAIF Partners. Some of the companies at SAIF, Mayank has been involved and invested in, are Sharechat, PropTiger, NoBroker, Playsimple, Treebo, TravelTriangle, Airblack.Mayank has spent most of the time at seed stage of the companies. SAIF had invested in 2015 in Sharechat. Back then there was no wave of content startups. It was a thesis from SAIF looking at growth of content consumption in China and asked themselves will India get to that stage in 3-4 years. Yes of course it will. And once data and handsets are available to Next Billion Users, which is a big term now. Back then they thought next 200-300 Million users what will they do first. They will like to access some content, some entertainment on their phones. And that was SAIF thesis when they invested in Sharechat there was a new wave of users coming in India and they would like to access some form of entertainment content on their handsets.In the podcasts Mayank continues to share his insights on:1. Importance of storytelling in building a large company. Can it be learned or great founders are born with it ?2. What happen when your competitor in a large market raise tons of money from VC like Softbank ?3. How to spot the Founders who create 10x - 20x value for their stakeholders ?4. Key skills for Founders to learn and keep building on ?5. The current exit scenario in India and some of the SAIF portfolio exits ?6. Book recommendations by Mayank for founders on scaling and thinking ?7. What habits Mayank attributes in his success as a Venture Investor ?8. What is the one most important factor which will have disproportionate impact on the size of outcome you generate ?Send us a text
57m
14/07/2019

Ajay Hattangdi, Co-Founder Alteria Capital, India's largest Venture Debt Fund

Ajay Hattangdi is Managing Partner and Co-founder of Alteria Capital, India’s largest venture debt fund. Ajay started the country’s first venture debt program while at Citibank in 2005. He subsequently went on to create the first dedicated venture debt business in the country as the founding CEO for InnoVen Capital’s flagship India NBFC which he ran from 2007 to 2017. Alteria Capital was started by Ajay Hattangdi and Vinod Murali in 2018. It has invested in almost 20 companies including Stanza Living, Dunzo, Universal SportsBiz, ZestMoney. Vogo, Country Delight and Toppr among others. Here are some of the key takeaways from the podcast:1. Venture debt is very helpful for companies to add to their cash runway between equity rounds. It can help the startup improve valuations while minimizing dilution when taken as part of an equity round. Companies should not take venture debt where there is a binary element to their business or if the business model is still in the proof of concept stage.2. Entrepreneurs should not underestimate the importance of serendipity in achieving success. Serendipity is the combination of preparedness and timing. Once you have the opportunity and the timing is right, execute the heck out of it.3. It is very important for entrepreneurs to balance passion with cold logic to chart the path forward in their business. Passion provides the fuel that entrepreneurs need to obsess about their companies and drive forward relentlessly. But entrepreneurs that work with only pure passion may miss the signs that the business is off course. Knowing how to balance these two forces is critical for success.4. The best teams always include people with complementary skills which compensate for each other’s weaknesses. Build your teams accordingly.5. The best advice is to find something you enjoy doing, stay curious, not be afraid to revise your thinking if the facts change, take ownership for your mistakes, and don’t take life so seriously.Send us a text
36m
08/07/2019

Ameera Shah, Metropolis Healthcare (The Journey to IPO)

Ameera Shah is Founder and Managing Partner of Metropolis Healthcare, one of the largest and most trusted Healthcare Diagnostic company of India.Ameera joined Metropolis when it was 1 lab in South Mumbai started by her father. Over the years she expanded Metropolis to 120 Labs and 2400 collection centres. Metropolis Healthcare went IPO in April 2019. The company in recent fiscal year posted Rs 760 Crores revenue and Rs 205 Crores EBITDA.The podcast shares her journey to make Metropolis one of the most trusted names in Healthcare in India.Some notable quotes from the podcast:1. I started building Metropolis at the age of 21 in 2001. When I started building this firm the biggest issue people had with me was with my age, the lack of medical qualifications and with my gender. People couldn’t see me as somebody who could be relevant as I had none of these three attributes which people assumed to be very necessary to build something.2. To me the principles and the values that built Metropolis are probably the most important pieces of the journey. And we are very happy and proud to say that we accomplished that. Whether we accomplished the size we wanted is secondary. What we wanted is reputation. Whenever we meet anyone in the fraternity, Metropolis and I are recognised for being a clean promoter, for always being fair to people, for giving credible results and for making sure we take care of patients.3. In healthcare industry commercialisation, corporatisation and profit are all bad words. Because in India we are conditioned to believe if you make money you are not good.4. I discovered along the way that expressing your emotions in your work life actually can be a huge strength because it allows you to relate to people, it allows people to feel like they are understood, that we are not all robots coming to work and just doing our jobs but actually we are human beings. That allows ourselves to engage with each other on non professional fronts and that actually helps huge amount in building connections. Along the way I started showing my emotions. Some of my employees have seen me cry.5. I have 3 investors in Metropolis and I have made sure to deliver excellent financial returns on their investment: ICICI Ventures in 2005, Warburg Pincus in 2010 and Carlyle group in 20156. A lot of people used to ask me how are you so confident ? And what I realised where does confidence come from. Confidence doesn’t come from trying to be confident, confidence doesn’t come from suddenly you being born with confidence. Especially for women confidence comes from actually confronting the biggest, deepest fears that you have. And when you come through the biggest fear on the other side, that’s the thing that builds confidence. 7. Governance is a mindset. It’s not for everybody. But for me I was very clear I would build a company like HDFC or Kotak which is about good governance, transparency, good communication and not being overly aggressive but being consistent and delivering what we say.Send us a text
59m
07/06/2019

Amit Somani, Prime Venture Partners

Amit Somani is Managing Partner, Prime Venture Partners, an early stage fund investing in Technology startups in India.Amit previously was Chief Product Officer at MakeMyTrip, which went IPO in 2010. Before MakeMyTrip Amit was Head of Product at Google India.Few notable quotes from Amit Somani at 100x Entrepreneur podcast:1. "Came back to India in 2007 from Silicon Valley when I though India was a really really tall building and I am getting in the ground floor. Now 11 years later now I still feel India is going to be a really really tall building but hopefully we have now come onto the second floor."2. "Every 10 years people should take a year off on a self-imposed sabbatical or jobbatical. Take that time for self discovery, take that time to find yourself, take that time to learn about what else is happening. 3. There is Alvin Tofler who is this futurist has this beautiful quote, that people who are going to succeed in 21st century are not going to be the gyanis or the wise people. It’s the people who have the ability to unlearn, re-learn, learn all the time because you are seeing new situations all the time.4. Number 1 reason for startup success is not market, not team, not the product, nor some bell and whistle feature but TIMING. And you can’t predict it as an entrepreneur.5. If you have tailwinds behind your back, or timing is right or market is ready for your solution that is often the big difference between the companies that really break out and those that don’t.6. So really timing and getting some wind or current behind your back so you can get velocity that is often the predictor between the 100x startups and the 3-5x startups7. I have mantra called MEDS - Meditation, Exercise, Diet or Nutrition and Sleep. I try to follow daily all of those and recommend the same to all entrepreneurs because entrepreneurship is a marathon and not a sprint.Send us a text
50m
22/05/2019

Rajul Garg, Managing Partner, Leo Capital

Rajul Garg is the Founder and Managing Partner of Leo Capital, a Pre-Series-A Venture Capital Fund. Rajul has been the founder of two Billion Dollar companies Global Logic and Pine Labs. Rajul is counted among the top 10 early stage investors from India. Some of notable quotes by Rajul from the podcast:1. On purpose in life ?"My view of life is to be more in the present. I like to think here in this moment how I can be most productive. So my main focus now is how we make this conversation most productive for the listeners. So in my ideal state I would like to blank myself from everything else and be fully here in this moment. I feel if I can achieve that in every moment, in every hour that would come closest to my purpose."2. I do think when you look at any success including the companies I founded there definitely an element of topicality in the time they happened. Lot of different things come together to make a big company. There were so many points in the journey where the two companies could have totally shut down. Lot of ducks have to line up to make a company successful.3. "The quality of people you assemble in the company is really really important."4. Every big success is death by thousand cuts, it not one big thing but a combination of small things.5. Out of the three things - Market, team and traction, Market is something you can’t just fight with at all. Team you can still work with, you can hire more people, chip and chop, thought it's still difficult. Market is very very hard to fight. If you find yourself in a market which is small, hard to penetrate or super competitive or timing wise wrong, that is the number one reason why things don't work out. Number 1 predictor of success for investment has been timing.Getting the timing right of why this make sense to do it today is a very difficult part from an investment perspective and you often get it wrong as an investor.6. The magical thing which leads to scale of 50-100x? "I think it’s Product Market Fit. Product Market fit is one of those non-deterministic problems. It’s like asking - How do I fall in love or How can I be happy. It is not a problem that you can solve with money. It goes back to the timing thing, Is the market ready for the product today ?"7. "For me what I seen over the years I tend to let the process take over instead of thinking too much about the outcomes. I get into action mode and do things which need to be done instead of thinking what will happen tomorrow."8. On strengths and weaknesses “Because I am so aspired to be in the moment I am a good tactical thinker. Given 3 options I quickly able to latch on to what to do now and move forward, sort of bury the past, keep going. I am able to quickly correct mistakes and navigate my way through complex problems step by step. At the same time I don’t think of myself as a big strategic thinker like how will the market evolve in 5 years or 10 years.”9. The only way you can really judge an investor is look at their portfolio. Everything else is just talk. I can talk endlessly but you have to look where I have put my money in. That defines me more than anything else.10.Philosophy I life by:"You can’t make your happiness conditional to everything else. You can’t generally say if I do this then I will be happy. Specially for entrepreneurs if you say if I raise the next funding then I will feel happy. I feel there is an intrinsic fallacy in this. Chances are if you are not happy today you will not be happy tomorrow either. So I think happiness is something which comes from within and has to run like a fabric parallel to every thing else. Find a way to be calm, joyous and happy today because its not contingent on your business success or any other success, find that place today work on everything else alongside."Send us a text
49m
15/05/2019

Pawan Raj Kumar, Founder Supa Foods and Angel Investor in 15 Startups

Pawan Raj Kumar is the Founder of Supa Foods and Hoi Foods. Supa foods is known for products like Supa corn and misht which are available in more than 3,000 retail outlets in India.Pawan is also an active angel investor in 15+ startups. Some of well known startups, where is an angel investor are Qikwell(Acquired by Practo), LifCare and Leverage Edu.Pawan has an entrepreneurial experience of 24 years. He started out in his family venture of Industrial Food Equipment, supplying and servicing to Large Food Chains like McDonalds, Pizzahut and Dominos. Some key quotes by Pawan during our conversation are:“After Graduating from IIT-Delhi and IIM-Lucknow I joined my family business as a welder. Spent first 3 months as a welder.”“If I am salesman of discounts then it’s not a business I want to be in because I am not adding any more value.““Businesses have to be built without emotions. Emotions about passion in business are important, but emotions about making business like a child of yours is wrong emotion to have for a business. I stopped having those kind of emotions long time back and I think that has served me well. One of the biggest mistake I have seen a lot of entrepreneurs make is that they can’t just let it go. There is a time when an entrepreneur’s passion cannot grow the business anymore. You need either professionals to come and run your business. You need to take a backstep, you should be ready to do that. The old mentality of building a legacy out of business is over. One should look at business as generating value for the society and hence you make money out of that. And the minute you are not adding any more value to the business, you have to step out.”“Whatever has happened in the world so far and whatever will happen in future is because of entrepreneurs. Because somebody is taking a risk in innovating something, coming up with something new, trying to change something small or big. And that what keeps on improving the world. So I want to be part of that journey in my small way and that’s what drives me towards investing in startups.”Send us a text
51m
01/04/2019

Sandeep Aneja, Kaizen Private Equity

If you want to know how Private Equity investors can help in your entrepreneurial journey you must listen to the podcast with Sandeep Aneja, Founder and Managing Partner, Kaizen Private Equity. Kaizen is the only home grown fund which has scaled across geographies.Kaizen is investor in companies like KLAY, Toppr, Varthana Finance, Insofe. Sandeep shares his thoughts on1. Why he choose to start a fund focussed only on education2. He was a very successful Investor with Outlook Ventures in USA which was early investor in Yahoo3. How he missed investing in LinkedIn in 2004-20054. How he is riding on the back finance as a vehicle to drive quality education for everyone in India irrespective of their economic strata.5. What differentiates the companies which are able to scale 50-100x and which are not able to scale ?6. Do PE Investors take control of the company once they partner with the company ?7. Working with Founders on exit strategy from Day 1 and Introducing the companies to potential buyers so companies can see the exit route 10 years down the line.8. How he sees Exit as a natural path of companies growth, and it should be viewed as process to change investor set. 9. Why Having an open conversation about financial disengagement from each other is very critical though the event happens 7 years down the line from when they partner with companies.10. How he felt lost when he started Kaizen and didn’t budge his values for the sake of money.11. 4 advises to all entrepreneurs from Sandeep:a. To identify the problem you are solving very clearly. The problem should be clearly identified at a deeper level. eg. Problem of online education is a symptom or solution. The problem is personalised education.b. Continuing to identify the problem as the world changes as you changec. Communicating the identified problem with a differentiated perspective to the investors. d. Being ready to hire and being capable of hiring people who could scare you."OMG this person could take my job". Hire the person to help you grow. Once you get such people in they stick with you through thick and thin.Send us a text
59m