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1ENTREPRENEURSHIP AND STARTUPS
SHIVAM VAHIA FOUNDER AND CEO,EOTO TECHNOLOGIES@SHIVAMVAHIA | [email protected]
IN ASSOICATION WITH
2WHAT IS EOTO?
3WHAT’S OUR STORY?
TEAM EOTO
From Left: - Parth Shah (Exec. Editor)- Aakash Jhaveri (Chief
Evangelist)- Vikrant Patankar (Exec.
Producer)- You know me!
4WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Jeff Bezos CEO of Amazon Inc.
5WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Vijay Shekhar SharmaCEO of PayTM
6WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
Your Grocery Store wale Uncle!
7WHO IS AN ENTREPRENEUR?
He’s an Entrepreneur!
The Bhel Puri wala!
8Entrepreneur-ship!
A person who sets up a business or businesses, taking on financial risks in the hope of profit. Also known as Businessman / Tycoon.
The activity of setting up a business or businesses, taking on financial risks in the hope of profit. Also known as Business.
9HOW TO GET STARTED?
1. Idea!2. Business Model 3. Team 4. WORK 5. Overcome6. Eureka!
10BEFORE YOU START OFF…
Clear out Legal Aspects (Partnership Deeds, Company Registration, Contracts / Agreements, Patents / IPs)
Understand your Business / Revenue / Income Model
Get INVESTMENT! A. Bootstrap B. VC / Investor C. Angel Investor / Incubator
Get started!
11
WHAT SHOULD YOU EXPECT?
12
WHAT YOU SHOULDN’T EXPECT?
13
A FEW MISLEADING / MISUNDERSTOOD THEORIES
14VALUATION
“Unlike valuing companies with revenues, assets and longer track records there is no agreed upon standards for startups. Valuation of a pre-revenue company is often one of the first points of contention that must be negotiated between angels and entrepreneurs.” - Forbes
15VALUATION
Back in 2014, Xiaomi received $1.1 Billion in funding and was valued at a whopping $45B while investors were aiming at valuation increasing two-fold to $100B. But, in two years, today Xiaomi is valued less than $4B. Obviously, multiple factors are responsible for the fall of Xiaomi, often dubbed as “Apple of the East”.
CASE STUDY:
16REVENUE / REVENUE GROWTH
A Business needs to sustain. For sustainability, you require Profit / Income. If you’re in loss for a long period, it’s not business.
Revenue growth is necessary, but it needs to be along with Profit. Positive Revenue Growth along with negative Profit is of no use to anyone.
It’s good that your business crossed $1 Billion in revenue, but it’s of no use, because you lost $250 Million at the same time.
17
OHH AND….
18
KEEP MOVING!
19THANK YOU! BY SHIVAM VAHIA AT TCET @SHIVAMVAHIA [email protected]
20A FEW SITES I RECOMMEND:
HTTP://EOTO.TECH – OBVIOUSLY! ;) HTTP://TRAK.IN – BUSINESS / STARTUP NEWS HTTP://THEVERGE.COM – TECHNOLOGY /
SCIENCE NEWS HTTP://TECHCRUNCH.COM – TECHNOLOGY NEWS HTTP://FACTORDAILY.COM – GENERAL NEWS HTTP://ANANDTECH.COM – In-DEPTH TECH NEWS HTTP://ZDNET.COM – TECHNOLOGY NEWS
