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@EmergeOut Conclave Nasscom 2008 - Evolving A Strategy For Startups & Emerging Companies @EmergeOut Conclave NASSCOM 2008 - Financial Planning: Before and After your funding @Emerge Out Conclave 2008 Delhi - “Don’t try to change the survival rate. Ensure you are the one surviving” - Subroto Bagchi More Recent Articles Search WATBlog.com - Web, Advertising and Technology Blog in India There are 3 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India" @EmergeOut Conclave Nasscom 2008 - Evolving A Strategy For Startups & Emerging Companies Are you the one who gets up early in the morning and think to snub your tempting jobs of lakhs of rupees to start your own? Well if you fall in the category then you must be definitely wondering how to go about it? Do you wanna know the success mantra or right strategy which leads a startup to success? Well to all those rising doubts of yours here's the sneak peek at one of the session at Emerge Out – 2008 which focused on the need of a an early stage startups and emerging companies  "Evolving a Strategy for Startups & Emerging Companies" . The session was all about  the basic parameters rather to say basic essence which can take a company to make big and an entrepreneur successful. The session was presided over by an eminent panel with significant experience in evolving the strategy of their respective organizations. Read further to hear what they have to say.   Sashi Reddi, Founder & Chairman, Applabs: Sashi drove the point -  Even a flawed strategy with great execution can make a successful company of course one cant deny the fact that a CEO in an Emerging Company need to use strategy and execution like a paddle in the boat.   Partha Parthasarathy - Chairman and Chief Executive Officer, NuStreet: Partha ,an Engineering graduate, who worked for Wipro in its early days and then went about creating Computer Garage,  a computer services company and then Aztec Software and finally NuStreet. Truly an entrepreneurial journey. He summarized strategy in 5 very promising convictions for gen next entrepreneur. * Work on an idea which has potential to "Change the World" ( might be in their own little way) * Its must for an organization to have "Right People" to grow.   Navyug Mohnot – CEO & Founder, QAI India: The  strategies which  works for entrepreneurs in long run and build strong foundation according to Navyug are : 1.      Believe, intend, wish, visualize 2.      People are not your Most Important Resources – It's the "RIGHT PEOPLE" 3.      Execute, Execute, Execute 4.      Reinvent, Re-imagine, Re-Define yourself constantly.   Madan Padaki, Co-Founder & CEO, MeritTrac: The most effective of all was Madan with some valuable tips ( which I personally feel is often ignored and is essential to build a successful  foundation) Well here it goes: * Develop a network and genuinely help others cause it will pay you back one day * Manage the Image -  Have an advisory panel consisting of people who are well known, and it would help you grow your credibility. * Use press effectively. * Talk to people about your business everywhere. * Woo your customers and win in the long term! There is no better sales person than a satisfied customer. Most Commented Posts Be a BIG part of the next BIG thing! Join WAT! Salman Khan Joins Bollywood Brigade Of Bloggers.. Starts Blogging On Dus Ka Dum Blog! Now Women Meow On FM Radio! Pulsar Mania goes Viral WATSearch - The World’s First Social Search Engine Raises 3 Million in Funding! Also check out Our Jobsite: WATJob Our Video Show: WATShow Our Gaming Blog: WATGame Our Consulting: WATConsult • Email to a friend • Article Search • Related • View comments • Track comments • • @EmergeOut Conclave NASSCOM 2008 - Financial Planning: Before and After your funding How shall I run my processes? How to retain talented people? How to build brand value? How to go ahead with marketing scheme? Yes, these are few questions which whirls in the mind of an entrepreneurs ! But if its an early stage start up then entire thing boils down to.. How to get Funding? It would not be wrong to say that as minerals to plants so is VC funding or angel Investment to startups.  The post lunch session which was an interactive session at Emerge Out had answers to  the million dollar questions for startups. Sanjay Anandram Founder, Jumpstartup (Jumpstart is not making any investments at this point but Sanjay however is involved personally with lots of startups) , Manu Parpia, Founder & Vice Chairman Geometric Ltd and  Sanjiv Mital, Vice Chairman Bharti Telesoft took up concerns of  SME’s on various funding related subject.   Here are the excerpts of the discussion: Q :What is the interest of Investors in the IT Service Company in today’s market? Sanjay: Very low and If it is Vanilla IT Services it is even lesser ! Q. When to generate Money from VC’s? Sanjiv: Business plan is not enough! Before going for funding, do make sure that you have revenue stream and working Business Model. Q: How to choose a VC? Sanjay: Go with a VC if you like the person and not just because he is expert in your domain or because he is bringing in money. If the chemistry factor is missing, that might not lead  the decision in the right direction. Q: What are the critical aspects that an entrepreneur need to take care after funding has been received? Manu: Make sure to highlight risks/problems clearly and keep reviewing business plan. Be honest and acknowledge error or failures and when it goes wrong raise the issues before anyone else. Keep your investors updated!!! Q: What makes a VC invest in a venture and what can be expected from a VC? Sanjiv: At an angel stage, VC invests because they see a wining team and workable model. At more mature stage VCs  invest in a venture who they think is more advanced in idea and execution in terms of scalability and sustainability!! Q: What time does a VC give up or move out? Sanjay: I invested in a company and in few months I realized that it will require much more investments than estimated. It was a hard decision but had to walk out. At times the business does not look unviable anymore. VCs continuously scan all the key parameters and take the call at the required time. Related Posts @Emerge Out Conclave 2008 Delhi - “Don’t try to change the survival rate. Ensure you are the one surviving” - Subroto Bagchi Also check out Our Jobsite: WATJob Our Video Show: WATShow Our Gaming Blog: WATGame Our Consulting: WATConsult • Email to a friend • Article Search • Related • View comments • Track comments • • @Emerge Out Conclave 2008 Delhi - “Don’t try to change the survival rate. Ensure you are the one surviving” - Subroto Bagchi With Lehman Brothers and Merryl lynch going bankrupt leaving  an average Indian  wonder will that hit even out biggest outsourced market viz. IT/BPO. But far away from these anxieties the IT/BPO SME’s assembled in the conference room of LA Sangrila  on 29 September to share views on the emerging trends of their sectors and to talk about hardships of walking the uphill path of entrepreneurship. The speakers spoke about the horror and hope of entrepreneurs and of course on how to knit the network for business opportunity. The inaugural session had eloquent Subroto Bagchi Gardner, Mind tree Ltd. The message he passed to the upcoming entrepreneurs can be summed up in three words -> leadership, self-confidence and law of Creativity . Mr.Bagchi gave an interesting example, to the entrepreneurs, of the Salmon fish- Out of 2500 Salmon eggs produced by an adult Salmon only two survive- the message is that “Don’t try to change the survival rate. Ensure you are the one surviving.” Also he added that ideas don’t get perished. Increase your idea; increase your chances of survival. The other highlights of the day were  Confessions of Entrepreneurs which had Mr.Suvir Sujan, Nexus India Capital ( Co-founder and Co-CEO of Baazee.com) ,Pavan Vaish, CEO, IBM Daksh and Anand Deshpande CMD, Persistent Systems, Interactive session on Financial Planning: before and after your funding and session on  Evolving a Strategy for Startups & Emerging Companies. (Detailed review of this session in the next post) A Worth mentioning session conducted by Emerge Out was - On the Spot mentoring  for startups called “Being Mentored”, where industry leaders helped startups with their road map and building up value proposition. On the whole Emerge Out was a must visit for any startup as the speakers gave pearls of wisdom from their vast experiences. As a WAT Team member we were happy to be present and covering the event. For a detailed coverage of the event you can head to the emergeout blog, Related Posts @EmergeOut Conclave NASSCOM 2008 - Financial Planning: Before and After your funding Tie Ups Update: Makemytrip Ties Up With IBM Daksh While Paymate Ties Up with Tata Tele What VC’s think of Web2.0 Also check out Our Jobsite: WATJob Our Video Show: WATShow Our Gaming Blog: WATGame Our Consulting: WATConsult • Email to a friend • Article Search • Related • View comments • Track comments • • More Recent Articles BharatMatrimony Ties Up With Airtel - Consim Info Founder Murugavel Upbeat On Mobile Matrimony Arzoo.com Goes Offline With ArzooLife - A Leisure & Lifestyle Magazine Indian blog Mutiny, Taking the Print route Five Industry Players Answer WATBlog On Where Mobile Search Is Headed In India? BCCI Goes Live With BCCI.TV - Indian Cricket's Official Web Home

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