The recent failure of PepperTap is a wake-up call for the Startup community in India. The question on everyone’s mind is “what went wrong with Pepper Tap?”. They had the best of talent (IIM-Ahmedabad) as co-founders. They were funded by some of the best-known Investors. They were in a market touted as the next big thing in Indian Industry. They had the combo of “money-brain-market” at their disposal. So what led to the failure of PepperTap? Was it inability to raise more funds or bad management decisions?’ Was the last one year, The year of Indian Startup Failures? Most of the...Read More
In last few months, VC-backed Indian startup companies have finally come face to face with harsh realities of the startup world. The exponential growth, they claimed while taking funds from VCs had made way for a negative growth. Predictably, there is a huge cut in funding by VCs. Some had to scale down operations. Others had to shut shop. The list of failed startups in India 2016 could very well be a show where all top failed startups can walk the ramp displaying the amount of money they have tanked. In the 2016 startup world where terms like GMV...Read More
The sales guy in a Startup has the most difficult job in the world. You have to convince the prospective customers to buy from a company, which is new in the market. Every customer you pitch your service/product to has their own set of apprehensions. They do not want to buy from a company which might shut its office tomorrow. Add to it, the possibility of your company’s information getting misused in the market. Do customers overreact at times? No, they don’t. Do a little research. You will read stories of client’s losing money, time to the “game changer” startups....Read More
You have a million dollar in your bank account. The type of money any startup business would die to have. The million dollar question is “Is this money the only prerequisite to starting your business?”. I am sent a lot of A2A on quora (my Quora profile) where I am asked “I have 100K USD which business can I start or Can I start a business with 1 million USD?. The ones asking the question at least have some money to base their question on. The others are too generic with questions like “I want to start my business. What...Read More
Yesterday TRAI in a decision decided to show the door to Facebook’s baby “free basics”. The Net Neutrality debate was on for a long time. The decision comes as a shot in the arm for those supporting Net Neutrality. Mr. Zuckerberg must be a disappointed man. His sinister plan to control the internet in the disguise of free internet has taken a step back. Net Neutrality Defined: “Fee Internet by Free Basics”. The day I read about this plan from Facebook, I knew something was fishy. So many free-s do not roam together for free. Irrespective of how hard Facebook tried to sell the “We were trying to change the world” shit, I knew how much they wanted to get free users in disguise of public service. “Free basics” was anything but free for end users. It was an internet plan which allowed users to use the internet free of cost. The word “Free Internet” consisted of few websites approved by the social media giant. i.e, if I use free basics, I only get to browse the websites offered by the seller of free basics “Facebook”. Those of you who always wondered, where does Facebook make so much money from? You need to look at those ads on the right-hand side of your Facebook wall or sponsored ads in the middle of your Facebook wall. Facebook earns because of ads. It is all a number game for them....Read More
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