Startup - Biren Parekh

Angel Investment – Planys Technologies

📢 I’m excited to share that Planys Technologies, a deep tech startup I invested in early on, secured funding last quarter from the esteemed investor Ashish Kacholia.

Mr. Kacholia is renowned for his exceptional 🧠 ability to identify promising ventures with high growth 💹 potential. His recognition of Planys Technologies as a valuable investment is a strong endorsement of the company’s innovative technology and talented team.

While I may not have formal training in angel investing, this successful outcome reinforces my confidence in identifying promising early-stage companies. It’s particularly rewarding to see such a respected investor share my vision for Planys Technologies.

Tanuj Jhunjhunwala and his team have demonstrated amazing leadership in the past few years. I wish him continued success in scaling up further & globally.

deeptech investment startup PlanysTechnologies AshishKacholia angelinvestment

Innovation Jam

CRISIL Limited is a leading, agile and innovative global analytics company driven by its mission to make markets function better.

CRISIL Limited provides an excellent opportunity for all CRISIL employees to contribute ideas and became part of the strategic planning process and shape the future of the company. It stems from a desire to encourage co-creation, innovation, and entrepreneurial thinking. It provides an excellent platform for CRISIL-ites to showcase their ideas.

I am glad to share that they have selected my idea as one of the top 4 ideas for execution with the required funding. Thanks to the CRISIL management team for the recognition and prize. Looking forward to developing MVP in the coming days..

#innovation #management #future #agile #analytics #funding #planning #share #opportunity #team #markets

Startup Mentoring

I am happy to share that the #startup mentored by me made it to the finals of Ventura ’21 (E-cell of NIT Trichy).

Mentoring is a mutually rewarding and wholesome relationship.

Startup mentoring is a challenging and time-consuming job. Particularly early-stage startups require unwavering commitment and varied skills of engagement.

It’s important to remember that mentoring is not a magic wand that automatically creates success. However, seeing new founders walking smoothly on the road towards success is an uplifting experience. It’s a long journey although.

#startup #mentoring #entrepreneurship #leadership

ZERO To ONE

ZERO to ONE – By Peter Thiel

Recently, I again read this international bestseller after a few years. Its really a wonderful book.

As per the author, founders should ask one or more of the following seven questions related to their startup/business. If you don’t have good answers to these questions, you will run into lots of “bad luck” and your startup may fail.

1️⃣ The engineering question
Can you create breakthrough technology instead of incremental improvements?

2️⃣ The timing question
Is now the right time to start your particular business?

3️⃣ The Monopoly question
Are you starting with a big share of a small market?

4️⃣ The people question
Do you have the right team?

5️⃣ The distribution question
Do you have a way to not just create, but deliver your product?

6️⃣ The durability question
Will your market position be defensible 10 and 20 years into the future?

7️⃣The Secret question
Have you identified a unique opportunity that others don’t see?

If you nail all seven, you’ll master fortune and succeed. Even getting five or six correct might work.

Tesla nailed all seven, making it the most valuable company in a short time.

What is your view? Do you have any other points to add that might be secret sauce???

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