if the deal goes through, it may be the biggest signal yet that the Indian technology ecosystem is evolving to its next phase. It will pave the way for the emergence of a future consolidator in India’s technology market.
Arranged with witty office banter, and the weekly team lunches, Lightbox truly reflected what they were here for; to support innovation that enriches lives. With a culture that promotes thinking, questioning and collaborating, their space and their people weren’t here only to be the next biggest VC, there was heart behind it.
The advice to entrepreneurs is to experiment, fail, learn and repeat. Try things at a small scale and at a low cost, and quickly assess if they work or not and then take a call on what is worth scaling up. The experiments should either stop or continue based on consumer feedback.
During my time at Lightbox VC, I had the freedom to work on things that interested me. I came away from these experiences having a new understanding of the startup ecosystem. However, the value of Lightbox is not only in the jobs you perform but also the people you meet.
There’s this great visual most people have of being an entrepreneur or a founder. It’s a poster of a young college dropout, next to the logo of a billion-dollar company they founded, surrounded by famous people and, money.
I respect the government’s desire to increase the tax net, curb black money, money laundering and build transparency in our tax system. What I don’t understand is why they make us a part of a guessing game with unheard of potential levies from time to time?
A business without differentiation quickly becomes commoditised weakening margins. Operational improvements become a hygiene factor in highly competitive markets.