Everything Harpreet Singh Grover said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Every billion-dollar company survives a near-fatal rock-bottom crisis
“I am of certain belief that there is no billion dollar company out there, which has been made without this point, you know, having occurred. And, you know, also there are like thousands of companies out there which have given up at this point.”
Startups combining EdTech, HRTech, and B2B are dead on arrival in India
“The bad part is we did not realize the idea was in ed tech, in HR tech and B to B. If you're doing all these three, you're dead in India, right?”
Solving simple problems repeatedly is the only way to generate ARR
“You need to be able to solve a problem, simple problem repeatedly. That is how you get annual recurring revenue. This is the only way to do it.”
CoCubes laid off 70% of staff after $5M funding round collapsed
“This was the point when, you know, we had a term sheet for raising a five million dollars. And at that moment, it didn't pan through. We were a team of about one, 21, 30 people. We had a fancy office and we had to, you know, let go of, 70, 80 folks. 66%, 70% o…”
CoCubes founders took 2.5 crore INR in personal debt from parents
“But we had debt from, you know, about two and a half crores from people whose money was not supposed to be addressed. This was their life savings. My parents, you know, my parents, the board's parents, you know, was on our board. He was a VC, but you know, he …”
Founders at rock bottom must seek counsel from experienced mentors
“At that point, I think, you know, the thing that entrepreneur doesn't want to do is talk to somebody about it. Because you are feeling so low that I don't want to talk to somebody about it. But the thing you have to do, and this is true for personal situations…”
Founders fearing deal collapse will always end up with bad terms
“If you need to be in any deal, you need to be, have the ability to say no. If you are always worried whether the deal will fall apart or not, if I do this, then you will always end up with shitty terms. That is a given, right?”
Attempting to proactively shop a startup typically yields terrible acquisition offers
“And the key to thing is that companies are not, you know, sold, they are bought. That is a, I think that is super critical to remember because at that point we wanted to actually went to all the folks, all the large companies saying, you know, we want to buy a…”
Founders can build companies at 60 but cannot recover lost family time
“You can build a company when you're 60 again, but you know, can you have your parents back? Can you have your child back? I don't think so.”
CoCubes grew 60% year-over-year with all growth hitting the bottom line
“Our company, so continued to grow month on month, year on year and thing, and only we were growing at about 60% and we were, and all of it was actually going to the bottom line because we were keeping our costs low and, you know, it was B to B almost no market…”
CoCubes founders would have accepted a $1M buyout early in talks
“If actually at the start of the acquisition, somebody had given us a million dollar, two million dollars cash offer, we would have taken it.”
The CoCubes acquisition took two and a half years to close
“The entire, actually the entire acquisition took about two and a half years actually. Yeah. So not even in 10 to 12 months, it took two and a half years.”
the Neon Show 2