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Tag Archives: VCs
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
I purposely say ‘dropped cricked catch’ because not executing a great idea can be as painful as dropping a cricket catch – you will not be able to forgive yourself. Example – the Winklevoss twins who had the original ‘facebook’ idea and innocently assigned someone else (hmmm…we know who) to execute it. Continue reading
People with speech impediments and Start up Entrepreneurs have lots in common. There stand out in the crowd, work relentlessly to solve their problem, turn to guides and friends for help. And when they succeed, the God’s among other people stand up and give them a standing ovation…. Continue reading
In the early 90s, a lovely girl called Somya from a prominent business house was engaged to marry Mahesh (a scion and inheritor of one of India’s biggest business families). Theirs was to be the marriage of the decade. Somya’s father – Gulshan was the head of the family and managed the joint family business that included his brothers. One of the Gulshan’s younger brothers Sushant was not on good terms with Gulshan and was constantly litigating with him to separate the family assets and split the family fortune. Theirs was a raging bitter battle that had carried on for years………
………….I still remember a pre-board meeting in which one of my investors asked my CEO to change the business direction fundamentally and present it to the board. He refused. The investor indicated that he would fire the CEO and that he had the support of the other investors if he didn’t do as instructed. My CEO asked him to ‘Jump’. In the board meeting the next month, we went through the usual rigors and my CEO and I were dreading the dismissal motion to come up any moment. It never did. The investors stayed on the ledge and climbed back in.
So, you can burn the dance floor, but can you tango in the Corporate Board room? I have had the pleasure of attending many board meetings and am happy to share some experiences and tips in the lessons on how … Continue reading