lessons from my startup failures by muki regunathan
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lessons from my startup failuresmuki - founder and CEO
9th April 2011 – Microsoft Campus, Bangalore
www.peppersquare.com
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this presentation is about GYAN
GYAN - Go on Yapping About Nothing
a brief personal history
first gen entrepreneur
neither an MBA nor studied in a ivy league school
from a small town and intimidated easily
language barrier - studied math in tamil
no financial support
self doubt
no chance of girlfriends
template for failures - failed 5 times in math (12th grade)
and 7 failed with ventures before pepper square
my learnings
die a virgin OR experience - If you
want to experience you got to lose
your virginity
fail fast - can't wait for the right
time
addicted to this new high
of challenging the known for
the unknown
idea you die for - last night idea is
not your long term idea
being a perfectionist you never
finish the job - graduate to detail
orientation
the day you become more than your
job, you start falling
internal navigation - problems attack
you from all the side and you got to
align
people are most afraid of financial
crisis - show your face to the banker
even when you don't have the
money
you don't go to people when you
need - you are always with them
look for opportunities to learn with
minimal resources
show leadership with family, friends
and society
define your own style - brand,
network and smile
metric > measure > monitor
it has taken me JUST 17 years…
today…
started in 2002 with Rs.550 in my pocket
never taken loan or VC money
12 entrepreneurs were born out of pepper square
over 50 companies have been incubated
today we are 70 people
“first they ignore you, then they
laugh at you, then they fight you,
then you win” - Gandhi
www.peppersquare.com
thank you for your time
bangalore . delhi . dallas . portland
Kudos to Anna Hazare
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