From 600+ conversations with the world’s leading thinkers.
One entrepreneur likened getting venture capital funding to strapping a rocket onto a car; if the car isn't stable, secure, and ready, it leads to a disaster. Similarly, hiring salespeople prematurely can indicate a probable failure because you're still figuring out your direction. Thus, the sustainability of the business gets compromised.
We don't necessarily hire the best CV, we hire the right CV. We try to hire the right people. If someone is 10/10 skills-fit, but doesn't seem interested in our long-term vision? I'd rather have the 8/10 candidate who's passionate about where we're going.
True goodwill is cultivated over time through building customer relationships, fostering employee bonds, and nurturing ties with the community. But trying to pin a numerical value on goodwill, expecting it to annually increase or decrease on a balance sheet, is where the essence gets lost.
If you have a great show, you have a great business. If you don't have a good show, you have no business. What it means is that show has to come first. Don't start the day by saying 'how many tickets am I going to sell today?'
Our model is very much investing in media cash-flows. We don't take positions in quoted media stocks, as that introduces too much exposure to volatile equity markets- and media tends to get hammered more than other sectors when the markets have any degree of turbulence in them.
I don't think culture is the bean bag or the Ping-Pong tables or the free food or the happy hours. Those are great opportunities to connect as individuals and have a little fun, but I do not think those things define what a culture really is.
To me, a great leader should be empathetic, authentic, entrepreneurial, creative, ethical and lead from the front.
Many people speculate in BitCoin. It is approximately 8 times more volatile than the stock market. However, that is not the primary use of BitCoin. BitCoin is designed to efficiently and securely aid in transactions.
I got into boxing promotion by accident. One of my cousins was a boxer, so I used to go watch him fight as an amateur and then when he turned pro. He had a fight, I went to watch it… he got beat and had a return match… he beat the guy… they had another match, but they wanted to pay them crap money. I went to the meeting, turned around and said, '…I don't need you, we'll promote it…' I don't know why I even said that! The next minute, I was in the promotion business and helping to get this thing together; I got bitten by the bug, and it went from there.
I'm genuinely convinced that the upcoming decade will be the era of India as a product nation. The product revolution has begun, what we're terming as 'India SaaS' – the development of global SaaS products originating in India, not merely for the Indian market, but for the world.
When you love what you do, when you're excited about your field, when you've chosen a path that connects with you personally- you will learn fast, you will accomplish in 5 years what it would take others 15 years to do.
Remember, no one views themselves as unethical. This is why it's crucial to construct categories that people can identify with. If we, as organizations, continue to treat ethics and compliance training as a mere box to be checked off, individuals will never see themselves in these scenarios.