Girish Shivani reflects on early operational challenges and the extended timeline required to raise YourNest's inaugural fund.
Disclosure
Shivani: A leadership coach holds the only veto power on YourNest's IC
“Sanjay who's you know, who I told you was an executive coach and leadership development guy is the only guy who sits on the IC who has a veto power. So we will actually walk away from opportunities which Sanjay says are not, you know, people are not with banki…”
Insight
Shivani: Founders should view VC delays as genuine interest, not stringing along
“The fact that I am not saying no to you can, should be actually seen positively. Because, I can easily say no, you know. So, so therefore if I'm saying that, you know, we are interested, you know, get to a stage where we can, you know, relook at the opportunit…”
Insight
Shivani: Second-time founders are always better because they learned from past mistakes
“Second time is always better because they have either become very successful, or they have learnt at somebody else's cost.”
Opinion
Shivani: Proprietary venture deal flow is largely a myth in India
“Our feeling is that proprietary deal flow is not a very large chunk in this country, which means everybody gets to see everything.”
Opinion
Shivani: India's domestic B2B market is too shallow to build $20M+ businesses
“India from the B to B side is not such a deep market. It's very shallow, and therefore, if they have to build a 20, 30, forty million dollar opportunity, they will have no choice but to go out and explore beyond the Indian shores.”
Assertion Partly supported
Shivani: Indian startup founder average age shifted from 24-25 to 31-32
“We've seen how this entire journey has moved from the average age of the entrepreneur moving from 24, 25 to 31, 32 today”