For all my young friends, esp aspiring entrepreneurs:’An entire generation of new business in India is being built on a model that defies gravity…’
‘We would like to see more capital-efficient start-ups… Have a plan for building sustainable & profitable businesses’.
Defying gravity may sound cool! Defy it holistically. Look at recent (multiple) devaluations of big brands. Also placement fiasco!
Financial crisis of recent past was built on such models. They they remembered Asset-backed financial instruments were better!!
Valuation is not the ultimate test. It is depth, character, sustainability.
Entrepreneurs can choose build institutions, not make a quick buck & exit. #Legacy
India’s e-commerce start-ups are setting a dangerous precedent http://www.livemint.com/Opinion/rgOCDAf3T9Ll8hZHQ8kWAM/Indias-ecommerce-startups-are-setting-a-dangerous-precede.html
#Entrepreneurship
#BizCoaching at RegalUnlimited