In this frothy financing environment, many founders (understandably) try and position their companies based on what they think investors want to see/hear. Often at the expense of what they actually believe. This is a problem....thread 👇🏼 1/n Its a problem because founders, not investors, are the source of original ideas.

Original ideas are the source of innovation, inspiration and value. 2/n

The India venture opportunity:

10 years ago: clear business models but small addressable markets.

Now: large addressable markets but unclear business models.

Thread 👇🏼 Given a choice I prefer the latter b/c strong entrepreneurs can solve for business model whereas market size is outside everyone’s control. (2/n)

Conviction is a word we use a lot @LightspeedIndia.

Building conviction takes time, effort and courage but the benefits are massive. 1/n Conviction is the foundation on which you make long-term decisions without worrying about short-term consequences or optics. 2/n