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Explore The better Next- Success Has Many Yardsticks At India Internet Day (IID) 2015

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India Internet Day 2015 is being held in Delhi on 17 April. India Internet Day aims to bring together internet industry experts together to chart future course of action in this industry. India Internet Day is the brain-child of TiE Delhi. TiE is a global organization with presence in 18 countries. Tie purely focuses on giving a platform to entrepreneurs, mentoring start-ups, arranging networks for them, educating them, incubating them and finally funding them. It believes an entrepreneur has the potential to change the world with its tag line of fostering entrepreneurship globally. Tie was created in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives and senior professionals with roots in Indus region. TiE is dedicated to virtuous circle of wealth creation and giving back to society.

Here is an excerpt from one of the sessions : The Better Next.

Speakers: Manmohan Agarwal, Entrepreneur, Hitesh Dingra, Co-founder trulymadly.com, Dhruv Agarwal, Co-founder and CEO of Proptiger.com, G Raghunandan, C0-founder and CEo of TaxiforSure.

Sanjeev Bikhchandani, Vice-Chairman, Naukari.com who is the moderator.

Learnings from straight from their heart, their mistakes and their new perspectives which emerged while working in their ventures.

1. There is a lot of money these days available for entrepreneurs but entrepreneurs need to differentiate between good and bad money. Money that comes with tough restrictions and regulations should be given preference than loose money without any strings, because those investors that emphasize on compliance with various metrics would surely stand with the business in thick and thin. Money that easily comes also goes easily. That has the fundamentally capacity to alter the structure of business.

2. Second venture is a like a second marriage where experience triumphs hope. Entrpreneurs make a lot of mistakes in their first venture, the market is overestimated, cost of running business is underestimated, no emphasis is laid on regulations present or future, individual capacity is again over-emphasized. All these short-comings are potentially taken care of in the second venture.

3. Entrepreneurs go through emotional volatility-feel extremely euphoric when things come easy, fat pay checks are flowing in but things are not always rosy, despondency sets in when going gets bad, no money is coming, people stop believing in entrepreneur’s ideas. An ideal situation would be take help of mentors who themselves have gone through all this, who empathize with them, who would share their wisdom and present him with a complete picture of the situations which sometimes gets blurred. Not getting carried by euphoria in good times is a an advice given.

When in 1990’s India got liberation and economy was newly opened, India had few billionaire stories, these days we are bombarded by such stories everyday, So the going is getting stuff day by day and what is required is inconqurable passion for the product or service the entrepreneur feels about.

Regarding e-commerce, this a trend which is here to stay,it has touched all sections of society, ample examples of success stories are there even in countries which are on same page with India like Brazil and China. Initially investors had to be convinced about dot.com businesses but all this has changed because entrepreneurs have numbers to show.

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