The Startup Guy™. Ecosystem builder since '04. On a mission to build a vibrant Innovation Ecosystem in India.
Apr 16, 2023 • 4 tweets • 1 min read
Whenever we talk about Innovation, the first reaction is "Yes! startups". Startups are in fact the most expensive way of going about innovation.
To build a sustainable innovation ecosystem the key is to enable large companies to innovate and for the academic R&D machine to boot
Case in point: between 2014 and 2021, 5.6bn$ of capital went into the edtech space with 346 startups funded.
Even with that much funding and nearly a decade later the Indian education system is not even remotely close to being better by any meaningful metric.
Mar 21, 2021 • 39 tweets • 13 min read
Over the years I've been jotting down ideas in a #BlackBook, hoping that someday someone would build a startup around that space. As a way of accelerating that serendipity, I'm putting out those ideas - one, every week.
Here is the thread of them. 🧵
#1 : The way we evaluate startups at the moment is quite inefficient. We are only going to be creating more startups as we go forward. And it helps to build a better framework.
I get this question often. So putting this out here. 🧵
You CANNOT raise capital with just a deck.
Exceptions are, a) if people know you and your career and are willing to write you a check.
b) you are a second or third time Entrepreneur who had a remarkable exit before. (1/4)
Remarkable - something worth remarking about. That means, no "undisclosed" amount sales or aquihires. (2/4)
