“If opportunity doesn’t knock, build the door“ – Milton Berle.
The guest of the 5th episode of TuriyaTalks, Season 6 was Ninand Karpe, who is the partner of 110X.VC since 2019, accompanied by the host Sandhya Sutodia, the co-founder of Turiya Communications LLP. This session was held on 17th November. The topic of discussion was- ‘Evolution of Start-up Culture in India & the Way Forward.'
He discussed start-ups needing an execution but the most important thing is start-up requires some sort of a tailwind which is provided by the government. He talked about his book 'Bond to Baba' which is all about business strategy. He gave guidelines on what a VC investor looks for in a start-up founder. The first being, if the person is really interested or passionate about it as a founder. Secondly, they look into the market size as they are not interested in the small audience they focus on the large market group which grows. Also, they look into the competition and its unique practice. Lastly, will the founder be able to withstand the competition and have the ability to execute their plan properly. They have funded 29 companies so far. Some of the companies are really new and are in the growing process yet the VC invested in them because of their technology and their ideas. He stated that if a person is really willing to make a start-up the person does not have to prove for a long period of time to get an investor as he further said VC is a higher risk-takers. He concluded the session by speaking of today’s time that- it is really important to have a relevant talk which encourages and enlightens the people.
Link for TuriyaTalks S6E5 : https://youtu.be/zv5H_B9czDc