Everything Sid Talwar said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Talwar: Building a truly successful startup takes 18 to 21 years
“A truly successful business will take, ah, 18 to 21 years, ah, to truly find stability and where its potential is.”
Talwar: Lightbox backed what became the world's largest cloud kitchen business
“Most people invested in food delivery businesses. We invested in a brand. That wasn't even a cloud kitchen, which there was no such thing as a cloud kitchen, converted itself into a, what today is a cloud kitchen, and then built that out in a manner that today…”
Talwar: Foreign startup models cannot serve as blueprints for Indian problems
“Whatever happens in another country might be an interesting thought to look at, but it will not be a blueprint for how to fix an issue on the ground here, as no No thing that, nothing that's happened in, in India will be a blueprint for another country in the …”
Talwar: Legacy FMCG feminine care brands generate massive revenue without innovating
“These brands exist today in the market and are sizable companies. All part of FMCG businesses. Larger FMCG business that have this arm. Each doing, you know, thousands of crores of business. But none of them really trying to think of how to innovate the produc…”
Lightbox's $200M+ fund will be highly concentrated in just nine companies
“Our current fund is over two hundred million, and we will be investing in up to nine businesses.”
Lightbox preferred not to sell edtech startup Embibe to Reliance
“If we could have held on to imbibe we would have. It would, it wouldn't have been our desire to sell a business of that nature being led by a founder of that nature. But it was in the best interest of the business.”
Talwar: Solo founders face extreme isolation and struggle relying on employees
“A lot of the Aditi or Ajit, they're single founders. And so, their ability to be able to lean on anyone else is much more difficult because they're more working for them. And I found when I was an entrepreneur, I was a single founder as well, sometimes it's sc…”
Talwar: Lightbox's prior $154M fund invested in eight companies
“So our last fund was a hundred and fifty four million and we invested in eight companies.”
Lightbox Fund 1 was secondary; Fund 2's only exit is Embibe
“Our fund one was actually a secondary purchase. So which was being, which was originally Kleiner Perkins and Sherpaulo. But our first fund from a blind pool perspective was what we call fund two. We've had one exit Imbibe, which is an EdTech play which we sold…”
Talwar: Pitching what investors want forces founders to build what investors want
“Don't try to think of things that someone else wants to hear, because then you're going to build a business according to what they want and not what you want.”
Lightbox took 8 to 10 months to finalize investment in Furlenco
“From the time that Ajit actually came to us, to the time that we finally made the decision and the money went in the bank, was almost eight to 10 months.”