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Why you should quit your job and join a startup.

  1. 1. Why you should quit your job for a start-up. By: Nishant Soni (CEO, Cobaan) [email_address] , 9350353067 Dec 21, 2006
  2. 2. Why Startups <ul><li>Startups present the only (and the best) opportunity to make you stinking filthy obscenely rich. </li></ul><ul><ul><li>Think 50-200 Crores over the next 2-5 years </li></ul></ul><ul><li>Catch </li></ul><ul><ul><li>Be at the right place at the right time </li></ul></ul><ul><ul><li>Understand what is the right place (company) and what is the right time (cofounder, post-angel, post-seed) </li></ul></ul>
  3. 3. Understand Startups to Win with Startups <ul><li>Why? </li></ul><ul><ul><li>Odds are very heavily stacked against startup success. </li></ul></ul><ul><ul><ul><li>Think flipping a dice 10 times in a row and getting a six each time. </li></ul></ul></ul><ul><li>The good part </li></ul><ul><ul><li>Very Striking and Identifiable predictors behind Startup success. </li></ul></ul><ul><ul><ul><li>Team, Experience, Funding, Marketing, Leadership, Board of advisors, Opportunity Size (Valuations), Focus, </li></ul></ul></ul><ul><ul><ul><li>References: Google(“paul graham”), Google(“guy kawasaki”) </li></ul></ul></ul>Start-up which has these predictors in place and is at the ‘right time’ to join is extremely rare (think needle in the biggest haystack you have seen) . Consider it an opportunity of a lifetime .
  4. 4. Get the Startup State of mind <ul><li>Why ? </li></ul><ul><ul><li>So that you can startup next. </li></ul></ul><ul><ul><li>A new way of life – the right way </li></ul></ul><ul><ul><ul><li>TAKE CONTROL and CREATE opportunities </li></ul></ul></ul><ul><li>What is the startup state of mind ? </li></ul><ul><ul><li>GTD-WIT </li></ul></ul><ul><ul><ul><li>Getting Things Done, Whatever It Takes. </li></ul></ul></ul><ul><ul><ul><li>If you try hard enough something’s gotta give. </li></ul></ul></ul><ul><ul><ul><li>Approaching people – everyone wants to help. </li></ul></ul></ul>
  5. 5. What is the best way to ‘Understand start-ups’ and learn the ‘Start-up way of life’ <ul><ul><li>WORK AT A START-UP </li></ul></ul><ul><ul><li>Ref: Google (“paul graham”) or anyone who has done or been at a startup </li></ul></ul>
  6. 6. Why ?
  7. 7. Cobaan is the right place <ul><li>Team : </li></ul><ul><ul><ul><li>Nishant Soni, IITG Computer Science, Trilogy Software, Drishti-soft ( another startup ), Cobaan </li></ul></ul></ul><ul><ul><ul><li>Amitabha Bagchi, Assistant Professor, IITD CS </li></ul></ul></ul><ul><li>Funding is in place </li></ul><ul><li>Focus: </li></ul><ul><ul><ul><li>Product Focus: High Impact, High Innovation, Research based </li></ul></ul></ul><ul><ul><ul><li>Singular Focus: We don’t do services, not now and never will. </li></ul></ul></ul><ul><li>Market: </li></ul><ul><ul><ul><li>US Only, Size of opportunity is big. </li></ul></ul></ul><ul><ul><ul><li>There is little reason to believe that Indian market can absorb innovation. </li></ul></ul></ul>
  8. 8. It is the right time to join cobaan. Co-founder Risk Reward High Risk High Reward Post-Angel Pre-Seed Post-Seed You are here ! Low Risk, Highest Reward Monetary Risk

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