Last Saturday, I had the pleasure of joining ABHISHEK from Naapbooks Limited, Swati from Mantras2Success.com, Ravi from Univia and Nirav from WOGOM on a panel to discuss 'Growth Stories' organised by eChai Ventures and moderated by Aditya from Cibos Techno Solutions Pvt Ltd
Here are some notes:
๐ ๐๐๐ซ๐จ ๐ญ๐จ ๐๐ง๐ ๐๐ง๐ ๐๐ง๐ ๐ญ๐จ ๐๐ฎ๐ง๐๐ซ๐๐: One of the interesting conversations was around how to align/retrain people who have taken the company from zero to one and have them effectively contribute in the company's journey from one to hundred. This is required because it takes very different people to bring something to life vs people who take something that is alive and take it to scale. One of the things we do at Momentum91 is to build a 'New Initiatives' team. This is our 'zero to one' team and it always works on the frontier. Things that have not yet been figured out completely yet. This team builds solutions on those lines. This way, once they have charted the path, the rest of the team comes in and makes the path more 'followable' through processes, frameworks and templates.
๐ ๐๐ง๐ ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ ๐ฏ๐ฌ ๐ฆ๐ฎ๐ฅ๐ญ๐ข๐ฉ๐ฅ๐ ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ๐ฌ: I am of the opinion that starting a company is like entering a haunted house that might have a treasure buried inside. I would not go in alone. I need someone to keep me honest, be sad when we have lost, share joy when we have won. I need someone to fight, debate and argue with. It's a personal and arguable choice. Some folks are comfortable going at it alone as well. If you are like me, consider finding a co-founder who has complimentary skill sets. A person whose thought process is different than yours and a person you fully trust.
๐ ๐๐๐ฎ๐๐๐ญ๐ข๐จ๐ง ๐ฏ๐ฌ ๐ฌ๐ญ๐๐ซ๐ญ๐ฎ๐ฉ: Almost everyone on the panel had degrees in things that were drastically different from the nature of the company they were running, including myself. It's important to understand that half of running any company is the same - whatever one builds, they still have to build a team, figure out marketing, learn sales, read balance sheets and keep the company compliant - things that are not taught. A good way to look at education is to think of that as 'time allotted to build an approach' - an approach of problem solving. If one is able to build that approach, most things get easier.
It was fun listening to other people's stories around recruiting their first 5 team members, journey of meeting their co-founders and approach towards making difficult decisions under uncertain circumstances with less than accurate data.
Thank you Jatin for the opportunity. Until next time.
Here are some notes:
๐ ๐๐๐ซ๐จ ๐ญ๐จ ๐๐ง๐ ๐๐ง๐ ๐๐ง๐ ๐ญ๐จ ๐๐ฎ๐ง๐๐ซ๐๐: One of the interesting conversations was around how to align/retrain people who have taken the company from zero to one and have them effectively contribute in the company's journey from one to hundred. This is required because it takes very different people to bring something to life vs people who take something that is alive and take it to scale. One of the things we do at Momentum91 is to build a 'New Initiatives' team. This is our 'zero to one' team and it always works on the frontier. Things that have not yet been figured out completely yet. This team builds solutions on those lines. This way, once they have charted the path, the rest of the team comes in and makes the path more 'followable' through processes, frameworks and templates.
๐ ๐๐ง๐ ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ ๐ฏ๐ฌ ๐ฆ๐ฎ๐ฅ๐ญ๐ข๐ฉ๐ฅ๐ ๐๐จ-๐๐จ๐ฎ๐ง๐๐๐ซ๐ฌ: I am of the opinion that starting a company is like entering a haunted house that might have a treasure buried inside. I would not go in alone. I need someone to keep me honest, be sad when we have lost, share joy when we have won. I need someone to fight, debate and argue with. It's a personal and arguable choice. Some folks are comfortable going at it alone as well. If you are like me, consider finding a co-founder who has complimentary skill sets. A person whose thought process is different than yours and a person you fully trust.
๐ ๐๐๐ฎ๐๐๐ญ๐ข๐จ๐ง ๐ฏ๐ฌ ๐ฌ๐ญ๐๐ซ๐ญ๐ฎ๐ฉ: Almost everyone on the panel had degrees in things that were drastically different from the nature of the company they were running, including myself. It's important to understand that half of running any company is the same - whatever one builds, they still have to build a team, figure out marketing, learn sales, read balance sheets and keep the company compliant - things that are not taught. A good way to look at education is to think of that as 'time allotted to build an approach' - an approach of problem solving. If one is able to build that approach, most things get easier.
It was fun listening to other people's stories around recruiting their first 5 team members, journey of meeting their co-founders and approach towards making difficult decisions under uncertain circumstances with less than accurate data.
Thank you Jatin for the opportunity. Until next time.
The eChai Effect - In Their Words
โWhen we launched LegalWiz.in back in 2016, concept of procuring legal and compliance services through a digital commerce platform wasn't as prominent in India. eChai played a significant role in providing the early adopters, and building significant positioning in the startup fraternity.ย Overtime, eChai grew to be a massive network of like-minded entrepreneurs and extended that benefit to all the members in a true "co-rise" spirit. I personally love to attend eChai events, learn from subject matter experts who share relatable and actionable insights and experiences.ย For startup journeys, it is so important to be surrounded by people who can add relevance, perspective, and push you to do better. Most importantly a group of people where you aren't being judged about things going right or wrong, but be a motivational force that keeps you going, yet keeping you in check. eChai is that place for me!โ
Shrijay Sheth
Founder at LegalWiz.in and Hire4Higher Consulting
"eChai is playing biggest role in my personal and professional life together. Its a community where i meet like minded people to share idea and learn from their idea. Even while playing cricket i learn something and i implement something new from that learning. Its my entry point for building network in different countries where my base is not established yet. Personally my only fun activity day in a week is eChai cricket and social."
yash shah
Chairman, ES Group of Companies
"If thereโs one phrase that sums up my journey, itโs truly โThe eChai Effect.โ Six years ago, I simply walked into my first eChai event, not knowing what to expect. The honest conversations, energy, and inspiration from founders and entrepreneurs struck a chord within me. That eChai spark became the catalyst for everything to follow. I proudly say: my entrepreneurship journey startedโand keeps evolvingโbecause of eChai. Redicine Medsolโs story is integrally linked to this community. Iโve gained so much, not just as a founder but as a forever volunteer and grateful member of the eChai family. With all my heart, thank you Jatin Bhai and everyone at eChai for shaping, guiding, and supporting my dreams. The eChai Effect will always be a part of my story."
Kush Prajapati
Founder, Redicine Medsol
eChai Partner Brands
eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.
