“Fair or Not, Startups Are Ranked All The Time” NEN’s Laura Parkin

Parkin has been a serial entrepreneur and venture capitalist prior to NEN

Parkin's career, prior to NEN, spans serial entrepreneurship and venture capital

Last Saturday, Mint put out a half page interview with Laura A Parkin, executive director, National Entrepreneurship Network (NEN) and Wadhwani Foundation, clarifying some of the issues/controversies around the Tata NEN Hottest Startups 2008 nominations — Tata NEN Campaign Addresses Early Hiccups. Mint is a media partner for the startup ranking contest. As on Saturday (September 20th) the contest had received 350 nominations. Parkin, who is currently also an advisor for Acumen Fund’s water portfolio, sent me detailed responses to questions that I had raised separately on the contest. Edited excerpts from the email interview:

One of the key objectives of the awards, as you state, is to engage the public, which would be beneficial to the startup eco-system in the longer term. Voting, therefore, is public. Why did you consider ‘nomination by public’ also necessary? Since startups would ultimately self-nominate via the verification check, wouldn’t self nomination in the first place have helped avoid all the confusion and miscommunication that has arisen?

Why have the public nominate? Two reasons, both boiling down to increasing inclusiveness. One, we are trying to include people in the identification and appreciation of startups. Voting is one way to engage, but nomination is another. Our intent is to get people thinking about their own regions, their own cities, fellow alumni from institutes. Has someone they know started a great company?

You need to login to view the rest of the content. Please . Not a Member? Join Us

Guest Column: Venture Capital is About Investing in the Right People

Why do some entrepreneurs grab venture capitalists’ attention more easily than others? How do some startups manage to raise multiple rounds of venture funding with apparent ease while others struggle eternally? What is that elusive quality that venture capitalists look for in an entrepreneur? Suvir Sujan, co-founder and managing director of Nexus India Capital, a Mumbai-based venture capital firm that has $320 million in funds under management, says a good venture capitalist looks for Six Sigma entrepreneurs. Sujan has been an entrepreneur himself (he co-founded and led online marketplace Baazee) and explains why being a Six Sigma entrepreneur is not as complicated as it sounds.

By Suvir Sujan

Markets change. Competitors change. Customers change. Regulations change. Suppliers change. But people rarely change. What differentiates a great venture capitalist from a good one is the ability to identify and invest in the right people or ‘Six Sigma’ entrepreneurs, as we like to call them at Nexus India Capital.

Top Ten Traits of a ‘Six Sigma’ Entrepreneur

  1. Smart – High on common sense
  2. Passionate – Really believes in the idea
  3. Quick – Acts on things immediately
    You need to login to view the rest of the content. Please . Not a Member? Join Us

Terms Sheets and Wedding Planners at Startup Saturday

The July edition attracted over 60 registrations

The July edition attracted over 60 registrations

This weekend (August 9th) belongs to the Startup Saturday club — there are four taking place in Mumbai, Bangalore, Hyderabad and Ahmedabad. I missed the last one in Mumbai — details here — but the around-the-camp-fire like sessions that bring together entrepreneurs, old and new, investors and others in the startup ecosystem seem to have grown into quite a cult. Why is Delhi missing from the list?

The Mumbai session is being hosted at SP Jain Institute in Andheri West (close to home 🙂 ) with Kaushal Sarda from Collcraft Technologies and Anand Lunia from Seedfund as speakers. Lunia talks about ‘term sheets’ and what to watch out for in them.

You need to login to view the rest of the content. Please . Not a Member? Join Us

Proto ’08 July: New Delhi Notes

Proto.in kicks off tomorrow in New Delhi at 9.00 am sharp — registrations open at 8.30 am. I haven’t got my ‘entry ticket’ because I didn’t register but I hope they will let me in anyway. The media registration link on the website doesn’t seem to be working. Anyhow, moving on, the agenda looks interesting in parts — the very articulate and distinguished Kiran Karnik (former president of Nasscom) opens the event with a keynote. I will miss it, unfortunately — don’t get into the city before 11.00 am. Most of the other Day 1 sessions are just about alright. The post-lunch session, actually well after lunch, with Jumpstartup’s Sanjay Anandram ‘Reconciling Entrepreneurs and Investors’ should be worth listening in on, simply because it seems like an impossible thing to do 🙂

Day 2 is the day to look out for — the startup showcase starts at 9.45 am. It might be a good idea at this stage to do a recap, even a post mortem of startups previously showcased at Proto.

I’m personally looking forward to meeting the huge contingent of venture capitalists Vijay has been promising at the event. I spoke to a few firms ahead of the event on what they expect and here are some of their responses:

You need to login to view the rest of the content. Please . Not a Member? Join Us

Proto '08 July: New Delhi Notes

Proto.in kicks off tomorrow in New Delhi at 9.00 am sharp — registrations open at 8.30 am. I haven’t got my ‘entry ticket’ because I didn’t register but I hope they will let me in anyway. The media registration link on the website doesn’t seem to be working. Anyhow, moving on, the agenda looks interesting in parts — the very articulate and distinguished Kiran Karnik (former president of Nasscom) opens the event with a keynote. I will miss it, unfortunately — don’t get into the city before 11.00 am. Most of the other Day 1 sessions are just about alright. The post-lunch session, actually well after lunch, with Jumpstartup’s Sanjay Anandram ‘Reconciling Entrepreneurs and Investors’ should be worth listening in on, simply because it seems like an impossible thing to do 🙂

Day 2 is the day to look out for — the startup showcase starts at 9.45 am. It might be a good idea at this stage to do a recap, even a post mortem of startups previously showcased at Proto.

I’m personally looking forward to meeting the huge contingent of venture capitalists Vijay has been promising at the event. I spoke to a few firms ahead of the event on what they expect and here are some of their responses:

You need to login to view the rest of the content. Please . Not a Member? Join Us