Arun Pandit (R) The official website of Arun Pandit
Interaction with Ashwin Damera CEO Emeritus
Interaction with Ashwin Damera CEO Emeritus
Thank you Ashwin Damera sir CEO Emeritus for your heart-to-heart master class: sharing the highs and lows in the journey of Emeritus becoming a unicorn.
Emeritus is more profitable than the next four EdTech startups.
The key takeaways from the interaction with Ashwin Damera CEO Emeritus were:
* Ask investors: Why are you saying no? What can make it go right?
* Don’t take rejection to heart.
* Share periodic updates with prospective investors.
* Keep the conversation going. Keep them updated.
* The best form of fundraising is customer validation and revenue.
* Product market fit = paying users
* Angel investors are more flexible.
* Reference works. No cold calls! Calling is like the “spray and pray” method.
* Build your network. Personal Brand.
* Less what you know, but more whom you know
* Approach: I don’t know, but I’ll figure it out.
* First 10 team members: A+ managers
* For every hire, have three final selections, so that you can hire anyone.
* Hire through networks: references
* Look for investors with patient capital: support companies in lows
* Don’t look only at their valuation but also at the value they can add.
* Be thick-skinned: Dheet (Hindi) – Leech
* Passionate about startups, not becoming unicorns. Go all in!
* 24 months of cash flow before starting up
* Founders are generally extra confident in revenue and cautious about costs.
* Sustainable business. Mitigating risk
* Good Read: Disciplined Entrepreneurship by Bill Aulet
* Culture is overrated at an early stage.
* At 0–1 stage, culture is difficult to build.
* Product market fit is very critical.
* Among two employees with the same performance level, choose the one who set higher targets and was more ambitious.
It was a pleasure learning from you while representing Hyphen SCS during Phase 2 i.e. ” Bootcamp ” of the “Leap to Unicorn program”.
Leap To Unicorn, is a flagship initiative by IDFC FIRST Bank in association with moneycontrol.com, CNBC-TV18, and Headstart Network Foundation as an Ecosystem Partner, is a massive opportunity to learn, evolve, and get a chance to pitch on national TV.
Interaction with Ashwin Damera CEO Emeritus
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