Sramana Mitra: So did you quit Uber?
Aparna Dhinakaran: The reason I left Uber was to go to a PhD program. No one in my family had ever gone through higher education. When I had applied to Uber, I had an offer from a PhD program in Computer Vision. I had a ton of debt, so I had to first go to work for a couple of years. I’m really glad I did because nothing beats real-world experience. I left Uber to do a PhD at Cornell.
>>>Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its fourth-quarter results that surpassed market expectations. The company continues to see significant benefits from its PaaS ecosystem.
>>>Deepak Gupta, Founding Partner at WEH Ventures, discusses his fund’s pre-seed and seed funding strategy for Indian startups.
Sramana Mitra: Tell us a bit about yourself as well as WEH Ventures.
Deepak Gupta: I had been part of the venture ecosystem over the last 20 years off and on. In the last six or seven years, I have been running a fund called WEH Ventures. We are now on our second fund. We do pre-seed to seed investments which are primarily focused on the Indian market. We have a few companies that are facing overseas. We are fairly sector-agnostic.
>>>We have a huge audience of developers, engineers, and programmers who want to transition to becoming successful entrepreneurs.
This conversation explores the journey of such a developer. Fantastic story!
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where did you grow up? What kind of circumstances?
>>>It is important to not just learn the secrets of success but also understand the reasons for failure. This feature from CBInsights is a compilation of startup failure post-mortems by founders and investors. For this week’s posts, click on the paragraph links.
>>>Risk tolerance in Indian professionals has risen significantly. It is no longer a goal to seek fat salaries at multinational firms. Finally, in India, like in the US, the idea of creating something new entices people, even if it means entertaining a high chance of failure.
>>>Sramana Mitra: My observation is that the higher end of the market is extremely active. I wouldn’t say crowded, but there’s a lot of competition. There is concept arbitrage. There have been successful companies built by copying models from elsewhere and then innovating on top of that. That’s happening in the global tech space.
Then there’s the higher-end B2C space where there is this large population of internet users who are quite affluent. The market that you’re talking about, is it as crowded? Is it as active?
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Bloom
Bloom | Sramana Mitra, 2020 | Watercolor | 9 x 12, On Paper