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Seed to Start-up $20 to $20Million Sachin Duggal
You imagine the future. We Deliver it.
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“Get Rich or die trying…” 50Cent
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Trials and Tribulations Leadership traits My Story About SMX
Aims of this talk About myself What is a start-up? Seed to Start-up Double edged sword How to grow from seed to start-up How to get seed capital for a startup Trials and Tribulations Leadership traits My Story About SMX Questions (Large portion of the talk)
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Name : Sachin Duggal Born in London, 1983 Brief History Some awards
About myself Name : Sachin Duggal Born in London, 1983 Brief History Barclays Bank Deutsche Bank AG Imperial College London (Information Systems Eng with Finance, Management and Mandarin) SMX Now Focus on Nivio Some awards BBC Asian Achiever of the Year PriceWaterHouseCoopers Leader of Tomorrow Economic Times of India – Global Indian United Nations Youth Award My trip in life : To make a difference. To build a global trillion dollar company
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Innovation is the key to both
What is a start-up? A start-up company is a company recently formed, usually until IPO or acquisition Definition 2 Lower bootstrapping costs High Risk High Risk of investment Scalable Innovation is the key to both
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Key steps for transition
Seed to Startup Dream Seed company A concept – a thought (Pre)Embryonic stage of a corporate growth cycle Need to develop idea Need to make a plan for the idea Key steps for transition Think Big No-one wants to have high risk on a small company Think it through Make sure you can answer all the questions from the first 20 people you talk to about the idea Class your product Makes a big difference if idea/product/service is Niche Specific Global Product Why has it not been done? What is the super trend that it is riding on or will ride on?
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Key steps for Transition
Seed to Startup Key steps for Transition Create the pitch book for seed capital Start with the conclusion What is it in 3 lines Why is this the best thing since sliced bread How much money will it make Detailed Concept Market Research (if you have done some) Perceived Risks And the rest of the MBA jargon Forget the fancy presentation – Shows you are hiding something Investors will invest in you for your idea and if you make money not how well you use PowerPoint Market research This needs money and sometimes you can’t do this before the first pitch Very important Need to check colours, fonts, logos, images, name, brand Customer is king be it a business or consumer No room for ego
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How to get your first round of seed capital
Seed to Startup How to get your first round of seed capital Find a good investor (!) Be humble, honest and straight in the pitch Understand the character of your investor Risk taker Short snap decision (not likely to take months) Highly intelligent Wide knowledge, fast thinkers and deeply sceptical of guys taking THEIR money Elevator pitch Be the ultimate salesperson whilst keeping to the above Create energy and excitement Make sure they walk out thinking this idea is the next trillion dollar company
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Balancing Cashflow and keeping control
Trials & Tribulations Keep the faith People will tell you that this has been done, it’s got no hope Crude people will tell you that it has no legs Do not be pushed away In most cases they do not understand your idea Are not open to your idea Feel threatened by your age and energy Hiring top management Will be older Will most likely have some issue with working “for” a person younger Experience is not a accumulation of years but achievements This will be your toughest job I have still not even come close to mastering this How do you build a team? Evaluate Skill sets required People you trust – see the 4 Point Human View Diagram Balancing Cashflow and keeping control
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Inspire. Liberate. Achieve Some key points
Leadership Traits Inspire. Liberate. Achieve Never look to find a fault but look to solve them Some key points Joyous – Make a difference by marshalling talents of others Horrible – Sorting through the mess of human relations Cool – Impact on the world Lonely – Battle against doubt and dread where you have to rely on your own judgement Different – Inspiring not doing Accountability – responsibility for what you don’t control and didn’t do Not what you think – Not command and control but living in the depths (big egos and large orgs) and soaring to heights Top things leaders do Leaders create opportunity Leaders say I don’t know Leaders are rarely the best performers Leaders are talent developers
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Top things leaders do Leadership Traits Leaders are visionaries
Leaders are profit mechanics Leaders thrive on paradox Its not all about being consistent but being versatile Leaders love mess! Leaders do! And Re-do Leaders know when to wait Leaders are angry Leaders are optimists design Leaders convey a grand Leaders have HEART
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My Story No bullet points!
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Executive Summary Global Provider of innovative Technology Services
With a decade of experience in simplifying lives Turn-key solutions Outsourced Software Development Services Business Process Engineering Services Tier 1 clients in most operated verticals e.g. Finance / Banking Deutsche Bank AG Medical / Healthcare National Health Services (United Kingdom) Manufacturing / Electronics Videocon International Limited Varied and Experienced Management Team (“The Dream team”) Over a century of business experience in top management Leaders in Human Resources, Sales, Technology, Finance and Operations Valued at over 20mln US$ with over 70 Professionals Globally operating Locally ISO 9001 and CMM Level 5 in process
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FastForward – Why SMX? We will be the leading Information technology Innovator that simplifies people’s lives by fostering freedom of thought, we do this by Out of Box thinking Strong partnerships and Alliances Difference in approach in everything we do – Innovation in everything from Human Resourced to Development to Management ‘Lifestyle’ change to Customer Project Lifecycle Outsourced Projects start with an Ideas workshop and work to bring all stakeholders to the same page Invest in our customers & relationships Going beyond the call of duty to ensure extraordinary delivery of solutions Build systems that work with the customer than the customer with them Making software simple, modular and intuitive
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FastForward – What we are not!
SMX founded around the principle of treating every customer as a unique entity with a special set of circumstances – we do this by Not working with a wide number of organisations at once Not working with clients that don’t want us immersed in their business Not making software because it’s flavour of the month Not being Tolerant of wastage and inefficiencies Not having meetings for meetings sake Not employing unskilled or semi skilled personnel to fill seats Not behaving like an MNC when trying to operate locally – we believe in being Glocal
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Our Services We aim to deliver complete technology services as a one-stop provider. Business Process Engineering Brainstorming on new projects Process Mapping Process Analysis Process Innovation Software Engineering Services Offshore/Outsourced Software Services Enterprise Software Development Customer Relationship Business Management Resource Planning Financial Management Run-your-Business Workflow Automation Portal and Content Management Systems Internet Design Services - Web Design Services Search Engine Optimisation Web Development Web Site Optimisation eCatalogue Development Internet Data Centre Services Managed Hosting and Server Management Managed Networked Services (*) Corporate and Data Storage Systems and Network Integration HP, IBM, Acer and AMD Partnerships for Hardware Partnerships with leading network providers and network equipment vendors (*) Can be using partner services
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