How to build a Startup in India? | How to find a Co-founder & Hire Employees with Mukul | Ep #12

Dive deep into the entrepreneurial universe with Mukul Shah, a luminary in the startup realm with a triumphant exit and the current visionary behind Lifechart Ayurveda. Mukul unravels his entrepreneurial journey, offering valuable insights into what it means to be a genuine entrepreneur. From dissecting the anatomy of startups and sharing personal learnings from his previous venture to revealing the method behind his meticulous research for Yolobus, he sheds light on the nuances of spotting viable problems worth solving.
But how did the idea of Lifechart Ayurveda germinate? Mukul recounts the inspiration and the road thus far. As we delve deeper, he navigates the world of Venture Capitalists, explaining the machinations of their investment strategies. With sharp reflections on startup valuations, founder dilemmas, and candid reactions to notable events like SVB's fall at SaaSBoomi 2023, Mukul's perspective is a treasure trove for aspiring entrepreneurs.
The episode also takes a philosophical turn as Mukul contrasts free will with destiny and underscores the paramount importance of self-care for entrepreneurs. As he shares the ethos behind Razorpay's commendable work with ESOPs and how startups are redefining the balance between skills and pedigree, it's evident that Mukul is not just a business maven but also a thought leader.
As a cherry on top, Mukul imparts his top 5 pieces of wisdom he'd give to his younger self, making this episode an essential listen for both startup enthusiasts and seasoned entrepreneurs alike. 🌱🚀
--xxx--
- Introduction: 01:50
- Who is Mukul Shah? 3:00
- How did his entrepreneurship journey start? 4:00
- 3 dreams of an entrepreneur: 5:50
- What is a startup? 7:00
- Mukul’s top learning from his past startup: 10:15
- Why do investors pump money in a startup? 12:40
- How to build a real business? 13:51
- How to conduct research for a startup idea? 15:15
- How did Mukul research for Yolobus venture? 15:55
- How does an entrepreneur identify a viable problem to solve? 18:00
- How did Mukul found inspiration for Lifechart Ayurveda? 19:10
- How to be an entrepreneur by an entrepreneur? 28:10
- How does a VC invest in a startup? How do VCs work? 30:30
- 3 things every startup founder must have: 32:30
- What’s the current valuation of Lifechart Ayurveda? 35:30
- Is it fine to build a startup as a founder with an exit strategy in mind? 37:00
- Is Zomato still considered to be a startup after an IPO? 41:20
- The founder’s dilemma: 43:30
- Founder’s reaction to SVB falling at SaaSBoomi annual 2023: 47:20
- How to increase your risk taking appetite: 50:40
- Goal of Mera Pehla Crore Podcast: 52:55
- How does free will work in comparison to destiny? 57:00
- How should entrepreneurs take care of themselves? 58:37
- How do failed funded startups pay back VC money? 1:01:15
- Any company or startup should keep their employees on priority: 1:04:27
- Founder’s POV on their life: 1:05:50
- What are ESOPs in startups? How is Razorpay doing a great job? 1:09:05
- How have startups levelled the playing field in terms of skills vs pedigree? 1:10:40
- How to find a job in startups by solving founder’s problems? 1:14:10
- What is Mukul doing to breed more leaders out of Lifechart Ayurveda’s team? 1:18:50
- Top 5 pieces of advice that Mukul would give to his 20 years old self: 1:21:15
--xxx--
Welcome to "Mera Pehla Crore" - your weekly dose of innovative business insights. Hosted by Osama Nayyar from Uninspired Marketing and Keshav Sharma of EPYC, we're all about trailblazing journeys to the FIRST CRORE.
From strategies and start-ups to tech trends, we've got it all covered. Get ready for tales of grit, determination, and innovation, delivered fresh every week.
Remember, at "Mera Pehla Crore," we're not just telling stories; we're exploring the roadmap to success together. Covering the most important milestone of earning the FIRST CRORE, one episode at a time.
Come, be a part of this exciting journey.

[@RASTA_458]

This is Very Inspiring Mukul sir

[@vishantsingh]

Value Adding Podcast

[@madhavmittal4835]

Podcast was really great !! It have many things to learn as well. 30th-40th min was the skeleton of the video according to me rest the journey was really inspiring!!

[@factorystore4168]

Good great👍👍👍👍

[@MPCPod]

Thank you! Cheers!

[@gagan.rajput]

This is inspiring. ✌🏼

[@UsmanKhalidQuraishi]

Inspiration makes life fruitful, not only for inspired, but for the society also.

[@UsmanKhalidQuraishi]

❤❤❤

[@taheranayyar8298]

An inspiration from The Uninspired 😅

[@shalinibhardwaj9292]

Qwality content...keep it up !!

[@MPCPod]

Thank you!