Me … A Geek … No way!

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The HIGH Performance Entrepreneur

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The evenings at TiE seem to get better with each event. This was yet another occasion when the GardenSide Hall at Taj Gateway was brimming with people but luckily I was at the venue in time and comfortably positioned myself in one of the front rows waiting for the event to start.

The guy in the frame was Subroto Bagchi, co-founder of MindTree Consulting. I had read his columns in some dailies a couple of times and already was impressed by his thought-process.

At the outset he promised that the evening would be long and educative and not entertaining.

Well … educative it definitely was but contrary to the promise it was highly entertaining as well. πŸ™‚

‘Long’ – it wasn’t but then whatever insights the 6 out of 10 founder members shared in the little time was invaluable.

A lot of long established myths were shattered as the evening progressed!!

He kicked it off with a 30 minute video (will post a link soon) featuring the entrepreneurial journey of 3 stalwarts – V G Siddhartha (Cafe Coffee Day), Capt. Gopinath (Air Deccan) and Kiran Mazumdar Shaw (Biocon)

This was followed by a talk cum discussion where some of the other founder members also pitched in now and then.

Some key points which I can recall are –

#1 The greatest attribute/must-have to be an entrepreneur is “Love for Money”. (Sounds a lil too blunt but it was well supported) πŸ™‚

#2 Everyone has ideas but not everyone has a Business Plan and that is the differentiator. (This makes a lot of sense … A case in point is yours truly)

#3 The team members must be complementary and mutually exhaustive. Having friends as members of the team is fine as long as the professional competency is not compromised.

#4 Hating ones job/boss OR goodwill for the country are not good enough reasons to start on ones own. (Change jobs to deal with the former and sign cheques for the latter) πŸ˜€

#5 There has to be a cultural fit between the VC and the mission/vision of your enterprise. Mr. Bagchi rejected a VC coz the latter was in his pajamas when he turned up and this to him was a sign of disrespect. (He confessed that this VC represented a bigger corporate name at that time)

#6 One should enjoy going through balance sheets and making sense out of them. (As already stated – It is all about money, honey)

#7 It is better to have to more than ‘just a garage’ when starting out. In other words, processes are important and should be in place at the earliest.

#8 Juggling through various roles during ones jobs adds a lot of value which can be leveraged as and when the need arises. (It is basically being trained at the employers cost which is not a bad idea at all) πŸ™‚

There was so much more and this post cannot justify the experience!!

MindTree Consulting has been doing great since its inception in 1999 considering the fact that it wasn’t the best of times to start and 9/11 followed soon. Kudos to them and best of luck for the future!!

The QnA was held differently with each participant being handed a sheet of paper at the door which was collected later with their queries. Some of these made it to the speakers. Rest(like mine) never saw the light of the day 😦

A lavish dinner ensued where I noticed a lot of PYTs which made me wonder what kinda business proposal they might be having. πŸ˜› Later came to know that it was some educational tour for an Israeli university. Interesting!!

Anyways, this TiE membership is paying off well. Frankly speaking, there is a lot of opportunity out there …

Btw, the title of this post is the title of the book by Subroto Bagchi which I purchased a few days back!!

Written by Sangfroid

July 20, 2007 at 11:30 pm

2 Responses

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  1. sounds quite enlightening!!!! and the book is goooood!!! πŸ™‚


    July 24, 2007 at 11:11 am

  2. @ani: As I said, “a lot of myths were broken” πŸ™‚
    I am not done with the book yet, Have u read it ?


    July 24, 2007 at 12:25 pm

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