Posts

Showing posts with the label investment

How much investment have you raised for your Startup ??"

  It is a matter of vexation that the word Startup these days is associated solely with raising money and not what that concern is trying to do and which problem statement it is trying to solve. It was during a recent expo where I participated, that I had an otherwise well-meaning young chap with his own budding enterprise, constantly asking me the same question in one way or another "Heh, heh, so how much investment have you been able to raise??" Finally fed up, I made him sit down and told him," Zero"! But I have had over 20 outright rejections to my pitches( I stopped counting after 20) as my work of building safe, sustainable and affordable riverboats and nautical equipment is seen as very limited in size and scalability. I was also told that I was too old to start a Startup, was mocked for not having a formal technical education, that my designs were pinched from the internet, that I lacked a team, traction and that it is a matter of doubt whether my perenniall