TiE Mysuru reposted this
The session on “The Founder’s Compass” at the TiE Global Summit 2024 featured a distinguished panel of industry leaders, including Mr. Srikanth Iyer, Co-Founder & CEO of HomeLane; Ms. Vani Kola, Founder and Managing Director of Kalaari Capital; and Mr. Sudhanva Dhananjaya, Chairman and Managing Director of Excelsoft Technologies. The session was moderated by Mr. T.M. Veeraraghav, Executive Editor at NDTV. • Ms. Vani Kola offered invaluable advice to budding entrepreneurs, emphasizing the importance of building everything step by step and staying true to their purpose. She encouraged founders to focus on living in the present and making the best decisions based on the knowledge and circumstances of the moment, rather than worrying excessively about the future. • Mr. Srikanth Iyer shared his insights into entrepreneurial growth, discussing the concept of the ‘3X rule,’ which provides a strategic lens for scaling businesses. He also advised founders to delay fundraising as much as possible, focusing instead on sustainable growth. Reflecting on his journey, he highlighted the importance of learning from failures, which often teach more valuable lessons than successes. • Mr. Sudhanva Dhananjaya echoed the sentiment of not rushing into fundraising, recommending that entrepreneurs first focus on building strong fundamentals for their companies. At the same time, he advised founders to nurture relationships with VCs and investors early on to establish trust and alignment for future opportunities. Additionally, he shared insights on the advantages and disadvantages of operating out of Bengaluru versus Mysuru, providing a balanced view of how location impacts growth. This session illuminated the guiding principles for entrepreneurs, stressing the importance of purpose, patience, and learning from experience in navigating the entrepreneurial journey. #tieglobalsummit2024 #founderscompass #entrepreneurship #scalingbusiness #learningfromfailure #olympicsofentrepreneurship