Nobody's coming to give you a head start. Sometimes, you have to build the advantage you were not given.
That is what Andhra Pradesh, Chhattisgarh and Bihar are doing.
They cannot rely on outspending India's industrial heavyweights. So they are building a different edge.
Google got a dedicated power licence in AP.
Chhattisgarh passed a statute expected to cover 15 lakh MSMEs. Bihar's ethanol producers got long-term purchase contracts.
Now these challenger states are gaining ground by giving investors something money alone cannot guarantee: predictability.
Healthy competition among states is good for investors, businesses and most importantly people.
Read our full story, with @PremManukonda and @AdithCharlie here -
https://t.co/iUwfWoNoZN
Bharat Bhagya Vidhata. The shaper of India's destiny.
Our national anthem has carried these words for over a century. And in every era, India's builders have answered that call, and willed a stronger India into being.
Today we stand at the biggest platform shift of our lifetimes. The scoreboard is being reset, and every advantage is up for grabs. The opportunity in front of us has never been bigger; neither has the challenge.
We have zero doubt this generation of founders will step up. They always have. And this time, we will not just ride the shift; we will capitalize on it and propel India into a different orbit.
With that belief, we are excited to announce Elevation Fund IX - $500 million for audacious founders building an unstoppable India. Sharply focused on Seed and Series A. We will continue to partner early, partner deeply, and partner for the long run.
All in on India, as we have been for the last 25 years.
Jai Hind 🇮🇳
https://t.co/oBoQhUjddx
@ElevCap
@shaileshlakhani Heartiest congratulations @shaileshlakhani on the many successes and a massively impactful journey! Wish you the best for future endeavours! 🙏🙌
China venture ecosystem is F'd
VC's are hounding failed founders, pursuing personal assets and adding them to the national debtor blacklist
It's brutal - they can't start another business, fly, take trains, stay in hotels or leave China
In 2022, when Bitcoin dropped below $15k, I created a basic price prediction model that suggested it could reach $100k by mid-2025. It seems recent US political developments expedited the model!
Disclaimer: This was just a hobby project; I do not invest in crypto.
Heartiest congratulations @banglani , @rchowdhri , @alokgoyal1971 and team @Stellaris_VP for the successful fund raise! Big win for the homegrown domestic VC ecosystem! More power to you! 🚀🙌🙏
In VC, ‘early-stage investing’ can mean a hundred different things depending on who you ask. Some understand it by the stage of entry, while others consider revenue milestones or investment size.
To us, ‘early-stage’ is more than just a label. It's a philosophy
Quick thread🧵
Someone who doesn’t have much can be more generous giving a little than a rich person giving a lot. Some people respond to the generosity while others respond to the money. You want the first type with you, and you always want to treat them generously.
#principleoftheday
Heard from VC LPs this week:
For our AGM, we asked @StepStoneVC (best VC data) to analyze return distribution in VC. @fredwilson@pmarca have discussed; this is 25+ yrs of data. TLDR: Even Top 5% underperform underwriting on ~3/4 of deals. Great = $$ in big winners #powerlaw
The attitude that helps most with intense stress is not mindfulness. It’s hope.
In hard times, it’s overwhelming to live only in the present. What brings strength is anticipating a brighter future.
Resilience lies in remembering that today's burdens may be lighter tomorrow.
The best way to gauge others’ values isn’t to ask them directly. It’s to see who they respect.
Shallow people are impressed by superficiality. They look up to beauty, fame, money & power.
Deep people are drawn to substance. They admire wisdom, kindness, creativity & integrity.
First-time founders, CEOs, and even employees should understand the playbook of the Incompetent Leader (IL).
The IL is savvy & charismatic, and excels at 4 things:
1) Feign competence
2) Create confusion
3) Buy time
4) Fail up
The IL playbook & what to do about it
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