1/6 Future Retail raised close to 6000 Cr ($1.5 bn) to build a business with a top line of $2.5 bn with marginal profit/loss #StartupBubble
2/6 @Flipkart has raised $3.5 bn to build a business with a top line of $ 3bn in its 6th-year #StartupBubble
3/6 In the time of crisis, between Flipkart and Future Retail, who will be able to cut their costs drastically? #StartupBubble
4/6 Which brand is touching more consumers and reaching remote parts of India? #StartupBubble
5/6 So despite all gyan by Bizz Gurus and all maths, e-commerce is for real and nowhere near bubble #StartupBubble
6/6 In any bizz, there r winners & losers, Some bizz will die & some flourish, that’s not a bubble but usual Darwinian world #StartupBubble
1. If 2001 dot-com bubble was Type I (false positive) error for analysts/columnists etc, 2015 is going to be type II error (false negative) to all wise women/men.
2. About impending Startup bubble burst, there is unanimous certainty among newspapers, ex-CEOs, Missed the bus-VCs/ entrepreneurs !!!
3. However, as it always happens, Crisis won’t hit the Startup bubble but might come from a totally unexpected quarter.
4. Debt overhang at Indian corporate is going to bite and bite it big time. Amtek Auto and Now Jindal Steel, debt rating crisis are here!
5. Debt contagion will spread and may start from debt mutual funds who
don’t have the luxury of public money to ensure perpetual liquidity.
6. Debt at top 10 stressed Cos is 10x> all startup funding!! and all startups are not stressed!! So worry about debt MFs / Indian Banks.
7. Brace up for debt crisis at Indian banks. So yes winter is coming but to a lot of other sectors than startups!!
Awesome poem by Milton Berle. Captures the mind of an entrepreneur –
“I’d rather be a could-be if I cannot be an are;
because a could-be is a maybe who is reaching for a star.
I’d rather be a has-been than a might-have-been, by far;
for a might-have-been has never been, but a has was once an are.”
Came across this piece by Diana Nyad who swam from Florida to Cuba (full 53 miles) at the young age of 64.
I think nothing captures the struggle of an entrepreneur more beautifully than this note by her where she captured the ordeal of swimming for 15 hours. I think every entrepreneur will recognize this pattern where he struggles with short-term reality to achieve long-term dreams.
“Imagine swimming continually for fifteen hours. Fifteen hours in rough, cold ocean water. Fifteen hours of unconsciously doing the same stroke that you have been doing since you were 10 years old. You can’t hear because of the caps, and you can’t see because of the dark, fogged goggles. You can’t think because the human mind is not geared to focus for any lengthy period of time, so your thoughts drift into delirium, and soon, time is more distorted than ever. As far as you know, you are in the middle of nowhere, and any effort you might produce to stroke again won’t necessarily bring you any closer to your goal, because much of the time you can’t remember what the goal is. It is clear that your ordeal is without end, and there is only one thing you somehow sense — that the choice to abandon the struggle and climb aboard the ship would be to fragment your pride beyond repair. Survival is keeping one’s dignity intact.”
Source: The New York Times