🤯Narayana Murthy just said that!!!
E-Cell IIT BHU's Weekly Newsletter
Hey, there! 🌟
Before we dive into this week’s newsletter, we can’t contain our excitement to announce that the count of IIT BHU Indian startups that are unicorns has increased to 5! 🦄
With PhysicsWallah entering the Unicorn league as the 101st unicorn of India, we couldn’t have been more proud.
Narayana Murthy on ‘Leading A Startup’ 🚀
75-year-old IT industry tycoon NR Narayana Murthy delivered a session on ‘Leading A Startup’ 🚀 as part of an international conference on startups. Here are a few key highlights: 📝
IPO is not the answer: “IPOs have been taken as the surrogate for the next round of financing🤑. It is not a good thing (for the ecosystem) as it comes with tremendous responsibility🧑💼”
The stock market is like a treadmill: 🏃♂️“Investors always expect the earnings or stock price to keep going up ↗️. Having an IPO is not fun 😬. The billion-dollar net worth is all illusory 😶🌫️. Think of the poorest retail investor before deciding on an IPO as you have the responsibility to redeem your pledge (by giving them returns),”💰
Mr. Murty suggests following the PSPD model 📝: It is the predictability of revenues, sustainability of the business through cold calls and timely delivery⌛, profitability through cost control 💲 and prudently incurring expenses💵, and Derisking, or not being dependent on one product💻, market or customer. 🌐
“Even if your ambitions are huge, start slow, start small, build gradually, build smart.”
― Gary Vaynerchuk , Chairman of VaynerX, CEO of VaynerMedia
How Spotify designs products using constraints
We know that everyone everywhere doesn’t live the exact same way. In reality, our users have very diverse everyday experiences that impact how they use our app.📲 It is important to ensure we build for everyone. ⚒️
Spotify came up with the Designing and Building for Constraints Heuristics tool ⚒️ as a way to test products with the billions of people around the world 🗺️ who face technological challenges i.e., device, data, and network constraints. 🌐
Learn more about it by scanning a QR code or clicking here.
Ever wondered which skills make entrepreneurs different? 🤔 And how to master the skills that underlie entrepreneurial success? 💡 Watch this video by Amy Wilkinson as she reveals the skills underlying entrepreneurial success.🚀
Amy Wilkinson is the founder and CEO of Ingenuity, a lecturer at Stanford Graduate School of Business 👩🏫 and author of The Creator’s Code: The Six Essential Skills of Extraordinary Entrepreneurs.🧑💼
That’s all for this week.
We will be back 🔙 again next week with exciting stories and more fun!
Goodbye👋👋, Happy reading 📖