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Panel Discussion: Decoding the MBA Entrepreneur

17 August 2009 No Comment

Panel discussion on “Decoding the MBA Entrepreneur” was organized with Panelists from various IIMs. This panel was moderated by Rashmi Bansal, the author of best seller – Stay Hungry Stay Foolish. The panelists included Satya Narayanan, the founder & chairman of Career Launcher, Sanjay Anandaram, Partner at JumpStartUp Venture Fund, Saumil Mazumdar, Founder & CEO at SportzVillage and Krishnan Ganesh, Founder, Chairman and CEO at TutorVista.com, who shared their experiences & lessons from their entrepreneurial careers.

This was one of the events which I organized. 🙂 I am extremely satisfied that this event came out really well. Audience thoroughly enjoyed it! It was a fun filled learning experience.

The following summary is given by Sridhar Turaga.

The last session of Eximius was a panel discussion on decoding the MBA entrepreneur. It was a very entertaining and engaging session anchored by Rashmi Bansal, the author of “Stay Hungry Stay Foolish”.

A few key points from the discussion:

– The most critical moments in a start-up come during the initial period. The take off is going to be the most difficult and getting the first few customers will be the most challenging task.
– Your network will open the doors for new business as well as new capital that may be required at any time. So, expand the network.
– The support of family is very critical. Krishnan Ganesh, the CMD of Tutorvista.com was the most humorous. He said, “Behind every successful entrepreneur is a devoted wife and surprised mother-in-law”. He was only emphasizing how important it is to have your family back you.
– The panel also felt that most MBAs (esp from the premium b-schools) don’t end up being entrepreneurs not only because of the huge opportunity costs but also due to their logical and reasonable thinking. To be an entrepreneur, you need to be stupid and foolish.
– Be very patient and also flexible in terms of the revenue streams you may have. Sometimes, you may have to do unexpected things to just keep the revenues flowing.



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