5 Ways to Start It Right

Looking to start up? Get your hands dirty and work your brain, VCs told new startups as they shared their experiences and insights over some freshly brewed coffee and revealed the nuances of the game at our Startup Kickoff event in March.

1. Validate your idea:

Starting your own venture? Do you have a clear vision of what you want to do? Thinking of being an entrepreneur is easy but to live a life of an entrepreneur is difficult. It is essential for any budding entrepreneur who is planning to enter the startup world to validate his idea.For entrepreneurs, the major challenge is to secure initial funds. To start any venture, you need to fetch the initial amount, and this can be done by getting 3Fs that is Friends, Fools and Family members on board to fund you in your initial days.

4. Go out, meet people:                   

If you are planning to start your own venture, you must go out and meet the maximum number of people instead of just sitting back and conducting researches on what people have done in the past.5. Be aware of the changed perspective of investors:

There was a time when investors used to say that a bootstrapped startup has more chances to excel in the market as compared to funded ones. But I think now investors have changed their perspective.

3. Get the right mentor:

If you are starting up, make sure you are getting the right mentor not for the money but for his time and connections that can take you forward. Let the mentor go out and get you connected to angel investors to get angel funds so that you can take it across to the next level.