Truly impressive story. As Mahesh Murthy puts it "no iit/iim whiz kids", just a bunch of people willing to work hard and create "Value" (such an over-used word, especially by us MBA's).
Why am I happy about the story
1) Demonstrates to all aspiring entrepreneurs that it is all about identifying a problem and solving it with passion. Yes, you need investment to support your livelihood when the company is not generating revenues, but the focus is not just on multiples. I dont think the founder team ever aimed only for a sell-out/listing. Dont drink the start-up koolaid; just identify a problem and focus on solving it.
2) Success stories are good for the ecosystem. Bangalore has always been panned for being just a back office for IT Services and not being the right comparison to silicon valley. Stories like redbus (and of course inmobi/flipkart etc) help create more positive energy in the city
3) And of course the financial returns; the ESOPs im sure have been effective and the team members can pride themselves in getting what they deserved for taking a risk and believing in making an impact on people's lives.
Why am I happy about the story
1) Demonstrates to all aspiring entrepreneurs that it is all about identifying a problem and solving it with passion. Yes, you need investment to support your livelihood when the company is not generating revenues, but the focus is not just on multiples. I dont think the founder team ever aimed only for a sell-out/listing. Dont drink the start-up koolaid; just identify a problem and focus on solving it.
2) Success stories are good for the ecosystem. Bangalore has always been panned for being just a back office for IT Services and not being the right comparison to silicon valley. Stories like redbus (and of course inmobi/flipkart etc) help create more positive energy in the city
3) And of course the financial returns; the ESOPs im sure have been effective and the team members can pride themselves in getting what they deserved for taking a risk and believing in making an impact on people's lives.
No comments:
Post a Comment