Always aim at complete harmony of thought and word and deed. Always aim at purifying your thoughts and everything will be well. – Mahatma Gandhi
All thought is software, Buddha is the original software engineer. The suffering we inflict upon ourselves by playing the same thought over and over is called looping in software he says. We must break free form that load new code into our minds.
Mahesh Murthy, Seed Fund
Factor of 3 = 3*2
Every time you reach a factor of 3 you need to reboot your company.
It’s not always about the entire team.
They build businesses over 10-15 years.
Consumer Insight + Engineering can do wonders.
Great companies are created during bust not boom.
Other lessons learned
Don’t follow the crowd, when they zag, he zips.
College – A good place for creating networks.
IISc – Robert Bosch Center
Workshop on Wearables
Sensing Units
Processing Units
Algorithms
Data Analysis
Applications in Healthcare – Search for wearable sensors in Pub Med
What cannot be done today will surely be done later on. No effort for progress has ever been made in vain. – The Mother.
Bear; thou shalt find at last thy road to bliss – Sri Aurobindo
Rishi’s saw three levels of sun. Sun is the symbol of truth.
2 Sets if Forces
Forces of Darkness
Forces of Light
Darkness cannot exist without light.
Light can exist without darkness.
Darkness – Forces exist for our development.
Startup – The Fundamentals
Strong business model with differentiation.
Strong team with complementary skills.
Investors who understand our business model.
Scaling Up – 5 Tips
1. Structure – People – Empowerment
Get your structure right at every stage.
Identify the right people.
Empower for performance and measure.
2. Choose your battles
Stick to your core
Target Markets
Reserve Deployment
Identify the correct opportunity and that will be 60% of your job done.
Prasoon Joshi
Travel the road less travelled, you will find beautiful things on the way. Follow your passion.
Those who succeed as entrepreneurs, lead with the heart. Learn the rules and then chase your heart.
Entrepreneurs think long term , vision should be long term.
Adversity – Good entrepreneurs are not shaken by adversity , they see it as an opportunity.
Tata’s and Birlas get as much good will as they can.
Stay focussed , stay simple.
Remember You and the below people started out at the same time. – Oct 16th 2008 you started India Microfinance
- Shraddha Sharma
- Niraj Pareek
- Amar Sharma
- Kiran Tikare
- Vikash Kumar
- Dhruv Goel
Ravi Gururaj
VUCA – We live in a world of VUCA
- Volatility
- Uncertainty
- Complexity
- Ambiguity
This is the state of our professional world and our personal lives.
People matter, relationships matter. Don’t burn off bridges.
Dreaming – Doing – The time has reduced
Business models are altering rapidly.
Architecture,Cloud,self services, Api etc
Imagination
Allows you to see it before it actually happens.
Takes 30 minutes.
Imagine – 10 years, 20 years.
Fear is an illusion / choice. Only those who risk going too far will ever know how far they can go.
Where you are is temporary ?
First step is you have to believe.
Every second your eye takes in 82 GB of data.
If there is no enemy within, the enemy outside can do nothing.
Greatness is a lot of small things done well, day after day, Workout after workout.
Failcon 2014
Insanity , Doing the same thing and expecting different results.
Develop trust before developing Beta.
Play together as a Team.
Communicate Constantly.
Everyone must understand the risks.
Spend less money.
