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Diary Of #BajajFamily!
Is Success all about talent and hard work?
While it is inspiring to believe it’s true, evidence rather shows that circumstances and luck play a bigger role than we believe.
#RahulBajaj #RajivBajaj #SanjivBajaj
#Thread 🧵
Is Success all about talent and hard work?
While it is inspiring to believe it’s true, evidence rather shows that circumstances and luck play a bigger role than we believe.
#RahulBajaj #RajivBajaj #SanjivBajaj
#Thread 🧵
It is is grounding and humbling to cognise that. Many times we are in this constant race of ‘proving ourselves’ and ‘claiming our space’ and think too huge of our successes, and then the ‘I’ comes in.
It is important what we do with the privileges we have. But it's minor details in the big game of circumstances and luck. All the things had to happen in a certain way for us to be where we are today. Yet there’s this notion of ‘I did’ and ‘I achieved’. Sense of Doership and Ego.
My thoughts on #RajivBajaj (and alike) calling the national lockdown a draconian solution that is looking for a problem, and accusing the government of deepening the country’s economic crisis and perpetuating the misery of its citizens by endangering their livelihood. (1/N)
With all due respect we are in amidst an unprecedented pandemic, there is no historical data, no scientific study that can with certainty predict the mortality of a non locked-down vs. a locked-down India…all predictions are purely based on intuition and dispostion (2/N)
I agree the economic ramifications will be unmatched. But there is absolutely no evidence to suggest that country (& its economy) can survive the death of X number of its citizens. Or do you have a number in mind that you are willing to let die before enforcing a lockdown ? (3/N)
Clear directions from venture capitalists on fund raising
1. Acknowledge the new reality that revenues are tending towards zero. Prior valuations and also cost structures were based on revenue projections. Now, costs need to be reimagined from base levels (1/n)
1. Acknowledge the new reality that revenues are tending towards zero. Prior valuations and also cost structures were based on revenue projections. Now, costs need to be reimagined from base levels (1/n)
Investors are more than happy to support founders. No investor is saying NO to funds. However, such requests need to be practical and balance obligations. Every founder has to be rational and bring costs down. (2/n)
Founders need to be practical at this time. Valuations were based on GMV, however, now is the time to Be PRACTICAL and accept lower valuations. This also means that a company hoping for a Series D valuation might have to settle for Series C valuation. (3/n)
