Why startups abort?

2

Product market fit:  Let’s say you have built an e-commerce product targeting the local market but it has limited internet penetration &  online banking close to 0%. What happens to your product? It becomes restricted and misfit in the market you are targeting.

Uber changed its payment policy in India because only 25-40% of the Indian population owns a credit card.

Traction: When you have built a product with little dissimilarity from existing players in the market, how are you going to compete and get purchase?

Difference of opinion among founders: Building a startup is much more than entering into a relationship or finding a friend. It requires a lot of hard work, patience and dedication and is definitely not for everyone. In startups, it is common to see differences in opinions among the founders which results in a bungle.

Lack of funding: Nobody will fund you if you fall in the above three categories namely where you have no money, no traction, no product/market with illogical partnerships among founders.

 

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interesting reads #9

CLI: Command Line Programming with Go

Cory Lanou beginners guide on Go programming language.

How side projects saved our startup

Coming up with a startup never guarantees success.  It is always a good idea to have plan B. The post lists about how few side projects turned into real startup ideas & are widely used.

Answer by @jaltucher to Are there skills other than coding that I can learn to get a good salary job?

James gives a nice description & discusses every side of you. Coding is not “the” only thing to make money.

Southpark & drones

This episode of southpark shows the other side of drones. I will just hope it never become reality. :)

Y Combinators: How to Start a Startup

On the ongoing series one more video has come.

Lecture 18: Legal and Accounting Basics for Startups

As usual am behind the schedule & need to catch up with it.

 

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information overflow

yo

We are in age of information overflow. Everything is just click of a button for us i.e pizza/taxi/grocery. It has done wonders for us but at same time it has bought lots of noise which can distract you to new high.

1. Paid Opinions: It is too easy for a firm to get our opinion mapped the way they like. We have too many mediums for it like social media or advertisements via apps.

2. Privacy: Ooh, its past now. Your life is no more private we know where you are, what you are eating, whom you are partying with.

3. Too many source of Information: You have to choose your source smartly else you will end up watching, reading, listening crap. 24 hours news channels in India are live example of it.

My only suggestion would be to spend some time with yourself. It is good to be part of this new phenomenon. It was meant to make our life simpler/easier/productive not slave.

 

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How to Start a Startup note #5

startup

Today I spent listing to Paul Graham in the how to start a startup series lecture. Paul is fucking awesome, full of fun, honesty & blunt in giving an opinion. We need more such motivators in our startup ecosystem.

My notes from his lecture:

  1. Listen to your intuition
  2. Work with people whom you respect and have known long enough.
  3. Understand your user, make something people really want  & that is how your startup will grow.
  4. Success of your startup is not fundraising.
  5. Starting a startup during college is not a good idea.
  6. An idea & co-founders is what college can provide.
  7. Domain expertise is what will give you an edge over others when you are building your product.
  8. If you work on things you like you don’t have to force yourself 4 being efficient.
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interesting reads #8

 

 

The New Stack Analysts, Show 20: An Analysis of OpenStack’s Juno Blueprints

I did research about OpenStack that I covered in: A Guide to Developer Contributions in the OpenStack Juno Blueprints. In this episode of The New Stack Analysts podcast, I presented with Alex Williams and co-hosts Donnie Berkholz of RedMonk and Michael Cote of 451 Research about the research I did.

Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank gives a overview on how to expand your startup & why it is a good idea to adopt to local condition when you are entering in newer market.

Trends: Uber vs. Lyft

An interesting post summarizing all the reasons why Uber getting bad press and why people are choosing Lyft over it.

The Future Will Look Different From The Present

Bead Feld made a post about how technology is taking us to new age. He is in sabbatical & was reading Hyperion & The Fall of Hyperion

Y Combinators: How to Start a Startup

On the ongoing series 3 more video has come.

Lecture 15: How to Manage

Lecture 16: How to Run a User Interview

Lecture 17: How to Design Hardware Products

As usual am behind the schedule & need to catch up with it.

 

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How to Start a Startup note #4

startup

Moving on to how to startup series class, I spent time watching Lecture 13: How To Be A Great Founder by Reid Hoffman

 

My notes for his class:

  1. Network network network.
  2. VC always tends to invest in company with co-founders as they compliment each other.
  3. Right place to start a right business like finance related startup makes more sense in Mumbai.
  4. Go talk to smart people and listen to their suggestions on your idea.
  5. You have to be both flexible and persistent.
  6. You have to be both confident as well as cautious.
  7. Listen to feedback, criticism
  8. Data as well as vision are important for your product.
  9. Be smart & take intelligent, focussed risk.
  10. Solve short term vision immediately, but do keep eye on your long term vision.
  11. Product needs to go out in the market ASAP its ready, product distribution is key.
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It is good to be naked

flowers

 

Past few months been great.  I met few amazing people and Twitter got me  my life coach Kamal Ravikant & James Altucher.

I am writing about being naked, what do I mean by that?

1. Please be as you are.

2. Do not  pretend to be someone.

3. Feel inner peace not materialistic one.

4. Do what you love not what others want you to do.

5. Money will come and go, your identity will remain even after your death.

6. Get out of “What if” state of mind, it will kill your creativity & will make you sick.

7. Please treat humans as they are i.e waiter, drivers, maid, shopkeepers, pantryboy they are one of us.

8. Travel, eat, drink, meet people, stay happy.

 

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How to Start a Startup note #3

startup

Moving on to how to startup series class, I spent time watching Lecture 9: How to Raise Money and Marc AndreessenRon Conway and Parker Conrad had an  interesting take on it.

Some of my notes from the class:

  1. Build something awesome which pulls  VC to you.
  2. Most VC invest in team, past success of the founders & product.
  3. If you have a prototype of product ready, some paid customer & solid co-founders getting money is easier.
  4. Getting a VC funding is easier than acquiring customers or hiring 20th employee.
  5. Most VC has a strict policy not to invest in competing companies.
  6. Keep a valuation real for first raisisng round.
  7. Don’t dilute too much in the initial round of raises.
  8. Always take money from VC who has partners with your product line, good connections for business development and  for later stage funding.
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Notes from Mysore Dussehra trip

mysore palace night

I was in Mysore for Dussehra this year. Mysore Dussehra possession is one of the famous events from India, It showcases rich culture and tradition of overall karnataka.  The event ends with elephant march especially Ambari carrying local goddess which is form of Durga for 8 km ride. The whole city gets into celebration mode & you will see light all across the streets. In simple term the city is decorated like a newlywed bride.  I was told over 6000 police were deployed to handle whole crowd. :)

Some advice:

1. Avoid autos and try local buses, they have good service.

2. Try to stay outside main city its more peace out there.

My thoughts about it:

Harmony

The city gave me a nice feeling about the overall harmony between many religions groups, it was welcome change to see everyone visiting the palace and enjoying the celebration.

Food

I loved eating almost available on the street next to the Mysore fort gobi manchurian, papdi chaat, chole bhature, local sweets, stylish cut watermelon, jhal mudi, dosa and many others.

Culture

I got to know more about overall culture of karnataka after attending the jhakki. We had  performers across all the districts and departments.

Lastly,

Govt needs to do more

It will be nice if our government does more for the upliftment of these performers, we will forget about them once the event gets over.

Some photos, most of it is taken by shiva and yogesh. I am adding these with their permission.

busy street, everyone is eating.

busy street, everyone is eating.

 

See the night decoration. looks awesome isn't it.

See the night decoration. looks awesome isn’t it.

 

Crowd eagerly waiting.

Crowd eagerly waiting.

And it starts.

And it starts.

jhakki 1

 

Ambari, carrying the goddess.

Ambari, carrying the goddess.

food walk.

food walk.

Clock Tower.

Clock Tower.

church

Last not the least 3 of us. :)

friends

 

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interesting reads #7

The 7 Factors To Consider When Pricing Your Startup’s Product

Interesting post talks about pricing your product. It is especially helpful for newer entrepreneur as they have to do it for first time.

17 tools for remote worker and digital nomad.

The post lists has great list of tools which remote workers use everyday, i have asana, workflowy & slack to add along with these as well.

11 free tools to protect your online activity from surveillance

Mashable article on tools to keep your online activity private it can. Overall a good read.

WhatsApp Used This Pricing Strategy to Win and You Can Too

Interesting read from from first round capital folks about how pricing was one of the reason which made whatsapp disruptive. It is a good read if you have built a product for mass.

Y Combinators: How to Start a Startup

On the ongoing series 2 more video has come.

Lecture 13: How To Be A Great Founder

Lecture 14: How to Operate

As usual am behind the schedule & need to catch up with it.

 

Good VCs, bad VCs

Looking to raise some fund, please read this post and then decide. :)

How SendGrid Built Its Developer Evangelist Strategy to Reach Critical Mass

Fascinating post on SendGrid how they encouraged everyone to code & built a great developer community around.

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