Lesson Summary: 1. An idea doesn’t come up sitting alone and trying to Ideate. Most of the time it comes from discussions. It doesn’t matter whether the other person is understanding or not, you just need to start discussing one after the other. Have a conversation on problems you are facing, have conversations on the latest technologies that are emerging, have a conversation about startups working in some other markets. 2. The first thing that we should consider is to try finding a problem that we are facing and have a solution for that problem. 3. The second thing is to look at different segments such as various technologies that are coming up. We then need to figure out using the technologies, can we build applications to solve a set of problems. 4. The third one would be to replicate an idea that is working in some other market or segment. Try to find out which problem it is trying to solve and try to figure out if the problem exists in your targeted market and whether the solution is right for your market or not. 5. You do not have to create the market, you just need to find a problem and try to solve it. 6. Get few ideas that were not viable in the past may be because the technology was not present, the economy did not make sense, or maybe the solution was not optimal. But at present time, those ideas can be viable. 7. Engage with friends who want to pull you down because they are the ones who can find serious flaws in the solution. Good friends and relatives generally will tell you what you want to hear, they do not want to make you feel bad. Try to address as many why questions as possible as this will make the solution better and better. 8. No matter what business it is, you need to talk to the customers and get feedback. Also interacting with customers can open the door for something bigger. 9. One of the essential things about an idea is how much time can you afford to give it. You can have a great idea but your timing can be too early or too late. 10. Share your ideas without the fear of being copied by someone else. Sharing the idea would either result in the person criticizing it and telling you what are the flaws or they might join hands and start building the solution. People are engaged with their own lives and are not waiting for someone to give them some ideas so that they can start building them, hence we must throw away that fear completely and start sharing the ideas. Team: 1. When a great team meets a lousy market, the team fails. But if a lousy team meets a great market, the team wins. When a great team meets a great market, then unicorns are born. The market is a lot more important than product and team. 2. Look at certain values - core values of team members must match with that of yours, do they have the drive, are they curious, are they passionate? Do not try to build the co-founding team based on skills as they might not have the drive, curiosity and might not be passionate. After the startup gets to a particular stage, the reality is you will not be building products, not writing codes, or not do marketing. You will build an organization, focus on building the culture of the organization, focus on HR issues, and try to raise more funds. So the misconception that exists is that you require great skilled people in your co-founding team is not at all true as the founding team members will work on the product for a maximum of 2-3 years after which the rest of the organization will take care of those. 3. Most of the startups fail because of co-founder conflicts. It is better to have a co-founder, 2-3 is good enough not more than that.
If you're uncomfortable with the dialect of Raghu and premature exiting this video, then that is exactly why you should stay till the end. Very underrated! Some of the things he has done to solve tiny problems are freaking genius and handling those situations is amazing. Stay for the Q&A
1:00:00 I am not able to understand even a word, Ravhinandan sir's mic is totally Disturbed. In Session 1 you had subtitles to cover up with that, please provide subtitles here too.
why you don't have subtitle for these sessions even foreign colleges has subtitle for their lectures and u better know that in India everybody is not fluent in English
Very nice talk but organizers should check the batteries of wireless lepel Mike's transmitter and check the position of receiver and also check for anything is blocking the receiver of mike.
WTF!!! This lecture is going on in IIM (topmost management college) and still the quality of mic is so poor that it becomes hard to understand the conversation at many occasions.
I could have bought your opinion but when you said "boring talk", you gave yourself away. You are nothing but a troller because if you had actually watched this video you would have realised the practical knowledge this person shared here is worth in gold.
Lesson Summary:
1. An idea doesn’t come up sitting alone and trying to Ideate. Most of the time it comes from discussions. It doesn’t matter whether the other person is understanding or not, you just need to start discussing one after the other. Have a conversation on problems you are facing, have conversations on the latest technologies that are emerging, have a conversation about startups working in some other markets.
2. The first thing that we should consider is to try finding a problem that we are facing and have a solution for that problem.
3. The second thing is to look at different segments such as various technologies that are coming up. We then need to figure out using the technologies, can we build applications to solve a set of problems.
4. The third one would be to replicate an idea that is working in some other market or segment. Try to find out which problem it is trying to solve and try to figure out if the problem exists in your targeted market and whether the solution is right for your market or not.
5. You do not have to create the market, you just need to find a problem and try to solve it.
6. Get few ideas that were not viable in the past may be because the technology was not present, the economy did not make sense, or maybe the solution was not optimal. But at present time, those ideas can be viable.
7. Engage with friends who want to pull you down because they are the ones who can find serious flaws in the solution. Good friends and relatives generally will tell you what you want to hear, they do not want to make you feel bad. Try to address as many why questions as possible as this will make the solution better and better.
8. No matter what business it is, you need to talk to the customers and get feedback. Also interacting with customers can open the door for something bigger.
9. One of the essential things about an idea is how much time can you afford to give it. You can have a great idea but your timing can be too early or too late.
10. Share your ideas without the fear of being copied by someone else. Sharing the idea would either result in the person criticizing it and telling you what are the flaws or they might join hands and start building the solution. People are engaged with their own lives and are not waiting for someone to give them some ideas so that they can start building them, hence we must throw away that fear completely and start sharing the ideas.
Team:
1. When a great team meets a lousy market, the team fails. But if a lousy team meets a great market, the team wins. When a great team meets a great market, then unicorns are born. The market is a lot more important than product and team.
2. Look at certain values - core values of team members must match with that of yours, do they have the drive, are they curious, are they passionate? Do not try to build the co-founding team based on skills as they might not have the drive, curiosity and might not be passionate. After the startup gets to a particular stage, the reality is you will not be building products, not writing codes, or not do marketing. You will build an organization, focus on building the culture of the organization, focus on HR issues, and try to raise more funds. So the misconception that exists is that you require great skilled people in your co-founding team is not at all true as the founding team members will work on the product for a maximum of 2-3 years after which the rest of the organization will take care of those.
3. Most of the startups fail because of co-founder conflicts. It is better to have a co-founder, 2-3 is good enough not more than that.
thanks bro, audio quality is not good so i was finding some comments to give me insight
Thankyou very much man!
Thank you so much for summary.
May god bless you dont know why i wanted to say that but you did a great job by taking your time and writing us this summary thanks a lott.....
Thanks guys, I always take notes on important videos that I watch. I thought sharing it for this video would help many. I am glad you found it useful.
This is 'THE' lecture for any entrepreneur in it's earliest stage.
Excellent video but poor quality audio made me miss the most important answer for the question at around 1:02:00!
The whole speech is filled up with one word "Essentially".
30:00 golden advice
So share your idea with me
Don't look out for skills in co founder but values ethics and bonding 🔥🔥❣️
audio quality is really poor. please do rectify in next episode.
A very "essential" speech
This is really core of any startups, kudos and thanks for sharing!
If you're uncomfortable with the dialect of Raghu and premature exiting this video, then that is exactly why you should stay till the end. Very underrated!
Some of the things he has done to solve tiny problems are freaking genius and handling those situations is amazing. Stay for the Q&A
Wow.... the topics and issues he covered are some that never get raised in any forum esp. selecting cofounder. Great Video.....
1:00:00 I am not able to understand even a word, Ravhinandan sir's mic is totally Disturbed. In Session 1 you had subtitles to cover up with that, please provide subtitles here too.
I'm loving it virtually
wow its really worthy video thanx for it all member for such a wonderful creation .
Thanks for sharing this for public.
One of the best pitch ever heard.
It wasn't a pitch lol
why you don't have subtitle for these sessions even foreign colleges has subtitle for their lectures and u better know that in India everybody is not fluent in English
11:25 "No one is watching me so let met explore what's in my nose"
hahahahahah
🤣🤣
So u were watching this video with full concentration
Lovely pickup values
Don't atall miss 23:44 to 24 :10 . :-)
Thanks for uplaod
Great speech 😊 but audio quality is poor😢
Video and audio quality has been poor consistently maybe that's a reason these videos doesn't have the amount of views they deserve
Don't spend too much time making a right decision
Take a decision and the make it right.
sir please give subtitle and there is some problem with audio. in both 1 episode and 2.
Please help me find out this types of startup and entrepreneurs video in hindi language.
Never go for a co founder if you are missing some skill actually look for integrity and all sorts of things
Very nice talk but organizers should check the batteries of wireless lepel Mike's transmitter and check the position of receiver and also check for anything is blocking the receiver of mike.
GEM
Essentially Essentially Essentially 🍻
❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
Did that guy really picked his nose at 11:45 with a camera behind him.
WTF!!!
This lecture is going on in IIM (topmost management college) and still the quality of mic is so poor that it becomes hard to understand the conversation at many occasions.
How to start a startup wow by using low quality mic that was too irritating atleast provide subtitles
audio capture
Audio quality is insult to these great peoples.
Such a poor quality video from such a prestigious institute. Disappointed
He is too early at 33:10 to see signal app
Who’s here after his series A?
to skip directly to talk 2:40 yes thank me later
Session is nice bt plzz make sure that video audible clearly to the people...
Audio is breaking lots of time, this very annoying
u r wasting ur energy.....lazy people r sitting there
Awaz kat kat k aa ri hai :P dubara bolo
2/10
He sold his company as he could not handle it. Boring talk.
Says the Person who never Foundered a company
what are you doing ? he build and sold a company .. have you done anything closer to it ?
I could have bought your opinion but when you said "boring talk", you gave yourself away.
You are nothing but a troller because if you had actually watched this video you would have realised the practical knowledge this person shared here is worth in gold.
@@NishGurjara ys..
It was very interesting