Jul
4
I watched this short piece on Current TV a while ago. While I was intrigued by it, I wasn’t blown away with the business model. First, it’s hard to scale and secondly, there are no barriers to entry. If this takes off, there will definitely be new entrants. But looks like Forsche has had a [...]
May
3
Kiran Karnik, former President of Nasscom, was the closing keynote speaker at the Indian Business Conference 2008. Karnik said, Innovation will the key to India’s future. And good innovation doesn’t just mean product innovation (new products coming out of India), but could also include process innovation. For e.g.
For anyone that has traveled in a crowded [...]
Jun
16
Practical Lesson In Financial Accounting
June 16, 2007 | Leave a Comment
If you are a small business under 10M in sales revenue, you have the option of either using cash-based or accrual-based accounting. And if you’re in a business that has a high percent of Account Receivables, you’re better off using cash-based accounting. Why? Because you’re paying taxes upfront on income you won’t [...]
Apr
1
What do investors look for in a start-up?
April 1, 2007 | Leave a Comment
I attended an entrepreneurial forum at Stern recently. It had 5 VC’s on the panel sharing their wisdom and experiences on what VCs, angels and private equity investors look for when investing in start-ups. Some takeaways:
Quality of Idea
Defensibility (Intellectual property)
Revenue addition or multiplication (little equity required)
Huge profit margins to accommodate startup mistakes [...]
