An Open Letter to CEO’s, Tech, MnA Execs of Incumbents, Entrepreneurs.
This letter is greatly inspired by Dalton Caldwell’s open letter to Mark Zuckerberg and is aimed at making a corrective impression with those who drive the M&A in technology companies across India. This is an opinion letter written by me based on my experiences of over 6 years as an entrepreneur in the Technology and Internet space in India. I have only the entrepreneurs perspective to offer. But I do believe my experience and views will matter to you, especially if you are in any way connected to or affected by MnA’s of startups. This was not my first conversation around acquisition, I’ve had several in my journey. The funny thing is this story repeats itself every time. In fact, several entrepreneurs who read this post relate to it with their own stories which follow this pattern. Enough that we might even call it a broad trend.
A couple of months ago I was invited to meet with different executives of a potential acquirer with the purpose of acquisition of a technology that I’ve created. What we were selling was strategically ‘aligned’, could potentially expand the acquirers business, get them to-market significantly ahead of time, and in turn solve a valuable business problem for both.
Continue reading Why the MnA Market for tech. Startups in India is a joke.
(c) 2001, Saras D. Sarasvathy.
Professionals who work closely with them and researchers who study them have often speculated as to what makes entrepreneurs “entrepreneurial”? Of course, entrepreneurs also love to hold forth on this topic. But while there are as many war stories and pet theories as there are entrepreneurs, and researchers, gathering together a coherent theory of entrepreneurial expertise has thus far eluded academics and practitioners alike.
What are the characteristics, habits, and behaviors of the species entrepreneur? Is there a learnable and teachable “core” to entrepreneurship? In other words, what can today’s entrepreneurs such as Rob Glaser and Jeff Bezos learn from old stalwarts, such as Josiah Wedgwood and Leonard Shoen? Or even within the same period in history, what are the common elements that entrepreneurs across a wide variety of industries share with each other? In sum, is there such a thing as “entrepreneurial thinking” that can be applied across space, time and technology?
Continue reading What Makes Entrepreneurs Entrepreneurial?
The most amazing thing about experienced entrepreneurs is their ability to think effectually where instead of trying to predict the future, they make an honest attempt to invent it. Even if the future might appear to be uncertain or unpredictable, an effectual approach helps you quickly learn what you need to do now to change things. Earlier this evening, I had a marathon four-hour session with one such entrepreneur who carefully helped me draw connections between my background, aspirations and ground realities.
Over the last few months leading up to this conversation, I’ve researched books including the Startup of You, and articles on the web including my favorite Do What You Love. The writing merely helped by giving me a language to explain what it was that I expected from my future. Having someone to face and trade idea fits was unique in it’s own way. I came away with clearer options, and a bonus refreshed perspective on the same challenges that I earlier felt might be dead-ends.
There is still a whole lot of doing that remains before I can claim that the challenge has been won. This post is really to thank and to underline all that went into making this conversation possible. Common friends, common events, one-on-one discussions, email and phone exchanges that stretch out for well over a year. The threads of our journeys intermingle with so many different people we engage with at work and home. I can’t help but believe that this rich fabric might know some things about you that will surprise you as well.
Finally, both of us did not come into the discussion expecting this. It wouldn’t have been possible to have this conversation and its outcome if he did not firmly believe in the creative practice which teaches respect for intuition and encourages you to recognize that what we expect, and the practice itself are independent and yet interdependent. Without that freedom we make it difficult to welcome new objectives, or new goals that emerge out of any discussion on what is and what can be.
I hope that my own experience will convince you to see all those around you with a refreshed perspective.