Discover New@Mrigank's

A small recap- You have build your product, you have a small but meaning full team, who is chugging along with you and working as hard as you are, you have a co-founder which as strategically involved as you are and you have money from your elder brother and an angel investor. You have a valuation of 12 crores and a well distributed pie chart. By the dilution which has happened in recent past, is it healthy? It is good too and bad too. Good because you have a larger chunk of money to utilize and bad because you have lost certain amount share and hence control over the company. Now your employees, your co- founder, elder brother and the investor will have right to say in most of the decisions.  But that’s alright as you are the boss and you will always have the last say till you own major chunk of your company. But make sure, you involve those people only who respect your work, your product and your plans rather than shoving their plans in your mind. So, what now? ...

Opening a startup teaches you many things and researching over some taught me many things. Equity sharing is one of those learning. Let’s start a hypothetical startup called “DiscoverYou”. It has been started by you and you have done some initial work on it like some market research or initial product designing. It looked amazing and you thought about going forward with it with whatever money you have right now. Let’s us discuss the stages involved in my first article of two article series- How to manage your equity? Stage1: Your Company is still un-registered, but you have started gaining some value out of it. You look happy and have not thought about equity yet. Don’t worry just chug along for some time and enjoy the feeling of being your own boss. :-) Stage 2: Phew! It’s harder than you thought. What to do? Idea, let’s get a co-founder. You find someone who can help in making the prototype little better and is as crazy about your idea as you are for it. You find som...

Your company has zeroed in on a product or service; you have a nice team of young, fresh and energetic people who are raring to go, a cool company name and a thought after logo for the same. But, where is the money to start? This might or might not work with your pocket money or your dad being generous enough to increase your pocket money to experiment on something. Some actually do!! Let us share some knowledge about finance, in a broader prospective, from which a young budding entrepreneur would want to start her business from. Seed Capital: This is little different from other finance you can look for when you are little confused or don’t know where to start. Some venture capitalists are happy to fund you; if you need some more time to  organize  your product or company. The amount is just enough to hire some people, do some research in the market, get your things organised and up and running. Startup capital: The things look settled now. At this stage yo...

A startup starts and expands, depending upon two entities: Consumer and Government. While consumer forms the base of service initiation or product launch and maintenance, the government plays a pivotal role in supporting a new firm to get proper platform and adequate ecosystem to start and grow with time. It is like a gardener, who takes care of saplings and provides proper nourishment and environment to grow and bore fruits in future. In this article will talk about how a government can play a role in today’s generation startups: India is a hub of eight unicorns (companies having a “bank balance” of more than a billion dollar) and several rising companies which are here to stay, grow and provide benefits to consumers and gain revenues for themselves. It becomes important for the government to believe in these firms and put some of their time and money into them, to gain returns and to provide platforms. Why Bangalore is the hub of startups? Bangalore is the hub of ...

Last night, I made myself comfortable on my bed, switched on my laptop and started watching “The wolf of Wall street” for the 17 th time. The more I watch this movie, the more the urgency comes to do something with my life. There is something Jordan Belfort said, which hangs on my desk at office: “I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.” There are 9 things which you can do then taste success in your life: 1. Sleep : Yes sleep, sleep is the most important activity of someone’s daily routine. Sleep compresses the data your brain is carrying for whole day and makes way for new things for downloading next day. A good sound six hour sleep is must. So take your first step and dream about being something. 2. Don’t squeeze 25 th : We only have 24 hours to manage and do our activities. There are fe...