New startups embody the creativity, the innovation of young people, and for me, it was and is a very worthwhile experience to interact with them.
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Young entrepreneurs will make a difference in the Indian ecosystem.
If a founder has passion and innovation, he needs to be supported. I am more intuitive than a numbers person, and I recognise that not all investments are going to be positive. Some may fail, and some may have problems for other reasons. That is life.
It is important for young entrepreneurs to be adequately self-aware to know what they do not know.
A founder who is in for the short run, or has no passion for the sector he is in, doesn't give me a great deal of comfort.
Some entrepreneurs talk of a high burn rate, high advertising rate, and so on, with no outcome, so it doesn't impress me. But an entrepreneur who has that kind of a feeling of responsibility towards his investors is somebody who will have all my support.
I hate it when people call themselves 'entrepreneurs' when what they're really trying to do is launch a startup and then sell of go public, so they can cash in and move on. They're unwilling to do the work it takes to build a real company, which is the hardest work in business.
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