First rule of first principle thinking, do not use first principle thinking when a mental model is available

Category: VC

Ashish Gupta Kamla Bhatt Podcast

Though I am regular listener of Kamla’s podcast show and I have been interviewed by her a few times, it was Rajiv who hat tiped me this podcast interview of Kamla with Ashish Gupta of Helion Ventures and it was an absolute delight to listen to it.

   I strongly recommend this to any entreprenuer, please take your time to listen to this three part podcast. Kamla raises some pertinent question to Ashish about entreprenuers, ecosytem and investment thesis and he answers them in his regular candid and graceful style.  Kamla has done a great job as an interviewer and I think is one of the finest podcast I ever heard.

TheFunded – Cool resource for entreprenuer

Rating your VC thefunded – whatever took so long for this to happen. As soon as I get an invite I will transfer this list here  and also add much more 😀

Internet and Mobile Connect

Arun Natarajan of Venture Intelligence is organizing an event called “Internet and Mobile Connect” in Mumbai on 15th of next month.  As he notes more than half of the investments in technology are happenging in the online service and Mobile VAS space.

The event has impressive lineup of experieced investors and entreprenuers to discuss about the space in detail.

TiE ISB connect

TiE ISB Connect this year is happening on september 20 – 22. The dates for the event was announced last year itself but their site has come up now.It is good that they launched their seperate website now. I will be covering this event this year as well.

Sequoia Capital India’s First Investment

Sequoia Capital India does series A round of investing in TutorVista. The investment is around $2 million. It is founded by Ganesh K who is a serial entreprenuer with earlier successes like Customer Asset(BPO). Tutorvista according him is a “new generation education company” that is challenging the “cyber coolie” label given to the Indian BPO sector and is offering a more specialized outsourcing service called KPO — or knowledge process outsourcing.

I have met Ganesh a few times in TiE bangalore meetings, he comes across a very energetic and is extremely analytical and he gave me some very good feedback on my ideas.

I found it very amusing that I could not find any link in any of the online space( online papers or blogs(like contentsutra or alootechie etc) or even Sequoia/Tutor’s website) where I could link to this piece of news. I read this news in todays edition of Economic times. We need some place(site or a blog) where we can gat information of what is going on in the startup scene in India.

update: Contentsutra refers to businessstandard article here

TiE Hyderabad Ajit Deora Interactive session

The interactive session with Ajit Deora was quite fun. Ajit shared his experiences as an entreprenuer and a VC which was quite interesting and helpful. The audience was very small but a selective one and session were as interactive as it could get. Infact towards the end many in the audience came onto the stage and discussed their thoughts/ideas and the rest in the audience provided feedback. I have never seen such kind of interactive sessions ever and that was the best part of it. ;-). Another nice thing was that Kopos won an iPod shuffle to talk about his ideas 🙂

Rajat has a detailed writeup on the session here

Update: Kopos has another detailed post on the session 

Action picking up at TiE hyderabad

TiE hyderabad is organizing an interactive session with Ajit Deora, Partner of Lightspeed venture over this weekend. Registration is free 😀 For more details check Rajat's post at HydTech blog.

Bourgeois in arms

      Madhu, Raji  & myself used to discuss and debate over coffee & lunch breaks at my previous organization on whether IT workers should form unions. I used to argue that IT workers incentives are way too differently aligned for them to form a collective body to address their common issues [One big issue that used to discussed in those context was over ergonomics & general health issues: un-ergonomical chairs, sedantary habits, Repetitive strain injury etc]. I used to sum up in the end that it was not a topic I thought that made a lot of sense for discussion in IT professionals context. [ Please don't bring in  to the argument Open Source community, they don't need unions anyway]

   Today morning when I read Peter Rip scream UNIONIZE, I literally fell of my chair :D. A VC wanting to form a union to protest/protect in a socialist way the way they used to make money in the free market economy. Is'nt this the last set of people on earth that one would want to see form unions :D. Are'nt the VC's the epitome of the success of what we call the capitalist economy.  

 Oh Boy this blowing of conches makes one thing pretty clear. There is an inflection looming/upon (albeit a huge one) the VC landscape. Btw don't make the classic mistake of thinking that this is event is causal in nature , it is rather a symptom. So what is the cause then, web 2.0 is ofcourse of one of them. This is classic schumpter at work and that is what makes technology sooo interesting. IMHO it is better the bridge the newly created gaps in the VC industry and embrace the change than to rise up in arms 😀 

    Fred, Feld, Cowan, Ed, Burnham, Brad, Anand, Alok, Sanjay,    … and all other VC's out there would like to know what you guys think. 

Rajesh Jain

Marketing, Entrepreneurship, India

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