Everything Alok Mittal said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Alok Mittal: Startup success is 50% assessment and 50% luck
“I think we as entrepreneurs tend to give too little credit to luck and timing, you know, is 50% assessment and 50% luck, right?”
Mittal: Most Indian founders start businesses out of necessity, not choice
“So even the notion of doing a startup is very much driven by choice you know, rather than majority of Indian entrepreneurs, small businesses who tend to do a startup because there's no other alternative.”
Mittal: Indian Angel Network is Asia's largest and potentially the world's
“It's the largest angel investment network in Asia, probably in the world.”
Mittal: MSME Underfunding in India Stems from One-Size-Fits-All Lending
“In our mind, the root cause of that is that this industry suffers from a one size fits all problem. Where the product as well as the credit assessment criteria are the same regardless of what small business you're running. We think, and the more people we meet…”
Mittal: Startups rarely fail from lack of founder commitment
“Most startups that I go in have not failed because the entrepreneur wasn't committed. So in fact within my failed portfolio, there are entrepreneurs who I would back again if they came up with an idea.”
Mittal: VCs Do Not Solve Problems, Only Back Problem Solvers
“As VCs, we are not really solving the problems. We are backing problem solvers, right? And so the only problem we are solving is how to pick the right entrepreneur.”
Mittal: Founder anxiety strikes during idle time, active work relieves it
“My down moments are moments when I'm not working. Right, because then I get to think about the problems, and when you're working, then you get to solve the problems.”
Mittal: Conviction is the only trait founders must beat their team in
“I honestly believe that the only thing that the entrepreneur
Carries more than anyone else is conviction. And rest everything should be better in the team around you. And the entrepreneur's job is to bring those resources together.”
Mittal: Skip the cold pitch deck; send a four-sentence email instead
“Normally you know, I don't tend to go over the full pitch deck if one is attached with a mail or something. So, you know, a quick description of what are they doing? You know, why are they doing what they're doing? You know, literally four sentences, if you wi…”
Mittal: Indifi's average loan ticket size is about 5 lakh rupees
“We provide access to unsecured loans from one lakh to 50 lakh rupees. That's our range. In our case, the average lands up being about five lakh rupees.”
Mittal: Top 10% of Startup Investments Drive Almost All Returns
“Like it often happens in the startup business you know, almost all of your returns are driven by, you know, the top 10% of your investments.”
Mittal: Bharat Matrimony, Equitas, and CarTrade were Canaan India's best bets
“So you know, in Canon, some of our more successful investments included Bharat matrimony, Equitas microfinance, car trade. So broadly you know, internet services did well for us. Also services did okay for us. And then, you know, Equitas was actually the sole …”
the Neon Show 11