IIT Bombay E-cell selected Nurture Talent as their Training partner for the entrepreneurship summit. I conducted a workshop for all entrepreneurs participating in Vulture’s Nest and Eureka. It was a great experience, with lots of energy and talent among the participants.
It was a pretty exciting week. The pre-event workshop on how to make a business plan and pitch to investors was well attended, by around 25 entrepreneurs. More interesting than what I had to tell them about a business plan was what hey had to know about VCs and investors. Queries included issues like how can I put a professional touch – looks, finish to my presentation, VCs idea about my business, Consolidation of information in 5-10 minutes pitch, Financial breakeven issues, How much should be covered in 5 minutes, How do you negotiate with VCs, How important are Future projections, What stage to look for funds? How important are Risk factors in a pitch, What is the scene in Early stage investments, Why should I go for VCs and so on.
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 go out to reach investors. Some of the teams were too good at the final sessions of Eureka, where I was a judge, and I leave it to E-cell to declare the winners – rather than spill the secret! More workshops are lined up this week, will keep updating!