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Double down on things that work and know when to step back: Ganesh Balakrishnan’s mantra for entrepreneurs

YourStoryYourStory · 1y ago
Double down on things that work and know when to step back: Ganesh Balakrishnan’s mantra for entrepreneurs
Medial

Ganesh Balakrishnan, serial entrepreneur and co-founder of Aurm, a fintech firm, discussed the key to success in entrepreneurship: understanding decision-making, learning from mistakes, and doubling down on successful strategies. He emphasized the importance of external perspectives and objective opinions to gain insights that may not be apparent when deeply entrenched in the business. Balakrishnan also talked about his experience on Shark Tank India and shared lessons from his entrepreneurial journey, highlighting the need to balance emotions with objectivity and be open to pivoting when necessary. He credited his father for inspiring him to give his best effort in everything he does.

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“But I don’t know any VCs!”

InternetInternet · 7m ago
“But I don’t know any VCs!”
Medial

What if you have a startup for which you’d like to raise venture funding, but you don’t know any VCs? This blog addresses the common challenge entrepreneurs face when seeking venture capital without existing connections. It emphasizes that venture capitalists (VCs) primarily rely on referrals from trusted sources, making unsolicited submissions ineffective. To increase the chances of getting noticed, entrepreneurs should focus on building a solid business plan and presentation. The author suggests that entrepreneurs should network strategically to position themselves among the few startups VCs consider each year. Ultimately, having a well-prepared pitch and a strong understanding of their business will help them stand out when opportunities arise.

Build for customers, not VCs

YcombinatorYcombinator · 3m ago
Build for customers, not VCs
Medial

It’s easy to analyze your way out of taking the first step. It’s something YC sees a lot, particularly when founders try to choose what to build based on what they think VCs will like. These founders will find a great problem that they could solve, only to convince themselves it’s not “venture scale.” Before they’ve written a line of code or even talked to a single person about it, they’re trying to predict market opportunities and exit strategies a decade down the road. That’s just not how early stage startups work. In this one, they talk about the risks of “thinking like a VC”, how to know when you’re stuck in this mindset, and how to unlearn it (spoiler: stop reading so much about who’s raising what.) They’ll also cover a short list of things that we’ve found actually matter when starting a company — it’s simpler than a lot of people think.

Peak XV’s Shailesh Lakhani and Abheek Anand to step down

EntrackrEntrackr · 5m ago
Peak XV’s Shailesh Lakhani and Abheek Anand to step down
Medial

Peak XV’s managing partners Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led investments in Southeast Asia, have decided to step down. Lakhani has confirmed his departure from the venture capital firm through a post on micro-blogging platform X. “As my time at Peak XV/Sequoia India reaches 17.5 years, I’ve decided it’s the right moment to step back from the firm. It has been an incredible journey—one that began in August 2007, when India’s startup ecosystem was in its infancy, to today, where it stands as one of the most vibrant in the world. I wouldn’t have traded this courtside seat for anything,” said Lakhani. Anand has not made an official statement regarding his resignation, but TechCrunch first reported it this afternoon. Lakhani and Anand were appointed as Managing Directors of Peak XV during the company's rebranding from Sequoia Capital. This is a developing story. Stay tuned for updates.

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