IIT Bombay E-cell selected Nurture Talent as their Training Partner for the Eureka and Vulture's Nest events of the entrepreneurship summit. The pre-event workshop on how to make a business plan and pitch to investors was well attended, by around 25 entrepreneurs.
Amit Grover, Founder, conducted the workshop, covering all aspects related to making and presenting a business plan, and VCs and investors perspectives on investments. Entrepreneurs' queries included issues like how can they put a professional touch – looks, finish to their presentation, VCs idea about their business, consolidation of information in 5-10 minutes pitch, financial breakeven issues, how to negotiate with VCs, how important are future projections, what stage to look for funds, how important are risk factors, what is the scene in early stage investments, why should they go for VCs and so on.
Speaking on the occasion, Amit Grover, said, "What I liked particularly was the loads of energy and talent in the entrepreneurs. Though I must add, lots of them had severe misconceptions - particularly about valuations. However, what is important for an entrepreneur is to keep an open mind and keep moving. There is nothing better than going out there, and showing the proof of business execution - and then to reach investors". Inspired by the experience, Nurture Talent Academy (www.nurturetalent.com) is planning to launch a series of workshops for entrepreneurs.
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