Recently, I attended an entrepreneurs’ group meet at Bangalore. The group comprised of a number of entrepreneurs from all walks of business. While a few were running their own successful companies, a few were testing the waters of entrepreneurship.
Till now, I have attended conferences that were mostly like corporate functions. The entrepreneurs at those conferences concentrated mostly on the financial aspects ignoring other aspects of business such as planning, co founding and execution. In this group meeting however, money was not a big discussion point. Instead the meeting focused on other important areas of venture management.
Taken from the groups philosophy
It is now widely understood that less than 3% of start-ups get funded at Idea stage
and <15% pre revenue in India; Given that situation a group of young entrepreneurs felt it would be meaningful to create a pragmatic platform for entrepreneurs where entrepreneurs can come and talk about their pain share their problems/issues
The format is simple:
- Meet at 8:00 AM at a place proposed by the organizer
- Talk about yourself and things that you are doing
- Summarize the issues
- Hold discussion on them
- Network , pay the bills and take pictures
The focus was on topics such as
- How to find a cofounder
- How to price your product
- How to create trust between the user communities of your product/service.
- Various models for SAAS ( software as a service)
A discussion point was about the need of getting a cofounder. The experts had opinion that at some stage, inclusion of additional team member would strengthen the business.
Pricing is never easy and it takes some brain wrecking work to get it right. The group members provided their inputs and lessons from their experience about pricing.
All in all, it was a wonderful exercise in learning. I congratulate the organizers and also thank them for providing such an excellent opportunity to learn and network.
The group meets every two weekends on Sunday. Here are a few links related to the group
https://www.facebook.com/groups/bootstrap.blr/ : Facebook Group
http://www.meetup.com/Bootstrap-Bangalore/events/80480822/ : Event registration
So next time when you are in Bangalore, do not forget to meet this group of wonderful people. It is a great place to exchange your thoughts and learn from each other.