Tuesday, January 31, 2012

rewards and accolades

The news papers are all over the news about the IPO of Facebook. FlipCart is getting a valuation of 850 million, amazon is soon going to shut down the legendary Barnes and Nobles and new innovations across the board are getting their due.

Standing in front of a bonfire last weekend, a new man appeared. He was a pals pal. When asked what connected them together, they answered - passion! a mutual passion.

Entrepreneurship. That was the answer that was what they were passionate about. Creating something new. something from a thought, to an idea, to a tangible outcome to a real product. service. something whatever form it took it did not matter

Its a good time to be in the space of doing your own thing, neednot be large. need not be life altering, there are more programs and spaces geared up to support your venture than ever before.

Attending a workshop in Bangalore, one was stunned by the level of support the Start Up Communities got. People created spaces for thought,  and mutual collaboration, there were people giving a how do start kits, vc's advising and funding options available aplenty.

Yet much like the Bollywood extras, that aim for the moon. Some land up with star dust and some with glimpses of spotlight, for every good idea there are a few that succeed and a few that dont. Having shadowed a few companies that have made it big, the core reason, seems in my view to balance 3 core things

- Clarity on what the idea is about - what is the purpose that it is trying to solve. Clarity on this allows the marriage to be with the intention and not the process. Hows give way to addressing why are we doing this

- Determination to make tough decisions - There are friends and then there are partners. Sometimes partners make good friends, and sometimes friends dont make good partners. who is who is a tricky bit. The challenge often is to create a system, that culturally has the feel good factor of openness, fun work space with allowance for a new set up to be created. Over time. Processes are not the enemies. Rigidity is.

- Dreaming Big - If you dream about conquering an empire. that is what you will do. If you dream about being an empire of the village then that is what you will get. That is the size of your aspiration shall dictate the actions that you undertake.  The larger the dream the larger the actions

Love the theoritical spool that I seem to be on for today. While the above may have a grain of truth in it, it all falls flat unless one has a deep level of risk taking capacity. A appetite for uncertainty, a conviction that its possible. Without that anything isnt possible