Entrepreneurship workshop on “Finance for Entrepreneurs” at Mumbai, organised by Nurture Talent Academy and Mumbai Angels, was a huge success. To talk in terms of numbers, it had 100% attendance (sorry to the entrepreneurs who had to be denied registrations at the last moment) and overall satisfaction score was > 90%.
The topics covered in the 2-hour workshop included basics of finance, financial projections, breakeven analysis and valuations for a startup. The audience included a variety of entrepreneurs – some planning to start in future while others running their startups for some years (but still in a startup mode!). From Mumbai Angels, Rajiv Dadlani and Nilesh Gandhi were the guest speakers – both have done over 10 early stage investments and got a few exits too! The workshop started with a presentation by Amit Grover, Founder, Nurture Talent Academy, which was interspersed by questions from the audience entrepreneurs. The questions and discussions ranged from valuation of a service related startup to a highly technology oriented startup, how to estimate market size and targets for a startup, how to estimate costs correctly and what are the ways to price a product.
Led by the success of the workshop and interest shown by all entrepreneurs, more such workshops are planned in the future.
About Mumbai Angels:
Mumbai Angels (www.mumbaiangels.com) is India's premier angel investment group. Founded in November, 2006, it has done over 20 deals in last 3 years. It has over 85 members and has previously invested in companies like mKhoj (now Inmobi), Myntra, Apalya, Reverse Logistics and Speakwell. The group is sector agnostic and members primarily invest upto 2.5 crore in a company.
About Nurture Talent Academy:
Nurture Talent Academy (www.nurturetalent.com) is India's 1st Institute for Entrepreneurs. It provides training and mentoring to entrepreneurs and conducts a 1-month Nurture Talent Program, which covers all aspects of starting a venture like sales, marketing, finance, HR, legal, taxation and how to make a business plan.