My day job allows me to interact and learn from a wide range of entrepreneurs in various stages of their journey - from folks who have been contemplating to “screw the man” for many years to serial entrepreneurs who have created millions of dollars of value and are hungry for more. Each entrepreneur is unique with their own passion, ideas and motivations to pursue their dream. However there are a few common threads that are visible. Through this platform I hope to share some things I have learnt from entrepreneurs that I work with. Please note that all ideas shared here are my own, and not those of any organization/institution I am or was a part of.
The first question that often pops into ones head as you think about entrepreneurship - “Is it right for me?” and “When is the right time to try something entrepreneurial?” There are also the million dollar questions. Are you naturally inclined to create something on your own? When should you jump in the game? Interestingly early-stage investors also rack their brains thinking about the same question – are they backing the right team and is this the right time to take this idea to market! While I’m not sure if there is a blueprint for an entrepreneur, there are certain hints that might make you want to rethink the move, or the kind of opportunity to pursue –
Now assume you’ve crossed the first hurdle and decided that in fact starting something on your own is the way to go. You might have a few exciting ideas bubbling in your mind and you might try to figure out which one to pursue. Or you might be striving to find your unique idea, behind which you could then focus time and effort. What tools are available to research your ideas? How much time do people take to decide on “the idea”? Who should you definitely connect with at this stage? I will share some thoughts on this in my next post.
Nishant Verman has 8 years of operational, finance and entrepreneurial experience across Asia and the US. Prior to Canaan,Nishant was co-founder at Groovebug, a personalized music platform for the iPad. Nishant was part of team since inception and focused on multiple aspects including product development, venture funding and launch. Previously at Microsoft, Nishant was a Senior Business Development Manager for the APAC Online business. Nishant focused on strategic partnerships in India and China, including Microsoft’s partnership and investment in Affle, a mobile ad platform. Nishantjoined Microsoft in their Corporate Development team in Redmond where he was involved in acquisition of aQuantive and Tellme.