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Tag Archives: Clearstone Venture Partners
He said, “Alok, we have taken a good look at mobile2win India. We like the business, the Company and the management. We are moving towards sending the board a term sheet to make a large investment. However, we have also decided to acquire your shares since we believe you are not adding any value to the Company.” Continue reading
If there was ever a perfect ‘Al Dente’ moment, it was when Steve Case sold AOL to Time Warner. A small fledgling company positioned itself so cleverly to an old media behemoth and the values that it extracted are now historical and soul shattering. Unfortunately, in the case of Time Warner, what they thought was ‘Al Dente’ Internet Pasta turned out to be Al Dente Rotting Garbage. Continue reading
Entrepreneurs I know shiver from the word ‘failure’….We failed at this project but learnt an important lesson all entrepreneurs must imbibe – Even before you create an amazing solution, ask your consumers if they even want it? Your consumers will not use something made ‘easy’ if they never had a problem in the first place!….Everything in life cannot be ‘technologized’…Lesson – don’t try and automate what pains you. The pain is what brings the profits…I dedicate this post to all those entrepreneurs out there who have had hits and misses. The important thing to remember is what a famous man said – ‘a journey of a thousand miles begins with a single step’. Who cares if the first step begins with a sprained ankle? Continue reading
One day, when I was on my regular ‘contest begging’ trips, I was stunned when the brand manager of Liril Soaps (a Unilever Company product) said, ‘Alok, don’t harass me. We make soaps here – not contests. If you like contests so much, why don’t you make them and pitch them to me, rather than the other way around’……. On introspection, it was so clear why the games succeeded in China – with no mass entertainment options available (TV and films are state controlled) and very cold weather, Chinese teens were happy to lock themselves into gaming dens and play away for hours non stop. On the other hand, in India, with 3 bollywood movies releasing a week; 500 channels on TV and very warm and ambient weather, teems cared a damn to sit in suffocating game parlors and play online games with silly dragons and elves Continue reading