As far as I am concerned, his passing was no longer a matter of sympathizing or for that matter empathizing with someone else who has lost a dear one. This is as close to home as it can get. This is Papa. Papa was special. He wasn’t just papa, he was my friend. My friend is gone, and he’s not coming back, ever….
Amol and I were with a leading captain of industry, and an authority on the Startup ecosystem, just this past Monday, and the discussion centred around the rather vexatious subject. We discussed Scale challenges, operational challenges, skill challenges. We also discussed specifics about how certain well-known Private Equity, Venture Capital firms were struggling, and were facing serious challenges in finding viable exits or the ability to cash out.
Startup success sin’t measured purely in terms of funds invested. The Punt or the exit isn’t the measure of success, Profits are.
That was not to be, and instead, despite my considerable stints with considerable and financially sound national and international corporations, in seniormost roles, both in India and four continents, I would still continue to deal with businesses, with roles and assignments, that all had in some way, shape or form, “startup” as the central pivots of the roles that I played
60 million? Back in the day, and I’m talking some 17-20 years ago, that was a lot of money, and all I could think of is the fee based income that would follow suit. Would it? How? Well 1.5% as a Syndication Fee was a tidy bit of pocket money.
Having seen failure myself, and having seen others around me fail, its given me a deep perspective on what not to do, how not to do it, and when not to do it.