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Startup Founder With Successful Exit: Does Working as an Employee Hurt Funding Chances?

Chandu Nair |65 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more

Asked by Anonymous - Oct 28, 2023Hindi

Career

Dear Mr. Chandu, I am having 13 YoE in my professional journey out of which I spend 10 years in my own startup from which I took exit with 2.5 Cr in cash which I invested for my family's financial cushion. Post that I joined a startup as 1st employee which didn't do good and I left after 2 years. Then I joined another startup as 1st employee which is looking decent to work with but not that rewarding financially. As my daughter is around 2 years at present, I'd like to start again in next 2-3 years. Does my working as employee in early stage startups dilute my image as a entrepreneur with successful exit in terms of getting funding for my next idea?

Ans: An employee with a good track record in start-ups, now having a good idea with the mindset and passion of an entrepreneur and a proven ability to execute, can enthuse others to join him/her on their journey and also attract funding.

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Chandu Nair |65 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Oct 28, 2023

Asked by Anonymous - Oct 27, 2023Hindi

Career

Dear Mr Chandu, I have failed two start-ups and lost Rs 2 crores. I took a break and worked as a consultant for a year. I want to be an entrepreneur again. Any tips that you'd like to share with me?

Ans: Dear Anon,
Kudos to you for reviving your entrepreneurial dreams despite your two setbacks and financial loss.

I have no idea of your current financial and personal situation - married, with kids, extent of savings, if spouse is working etc. It would be good for you to ensure that you have savings which can take care of family needs for 1 year at least so that family worries don't derail you and take attention away.

Have you shortlisted any ideas and done an evaluation? Any preliminary validation done?

At this juncture, it would be a good idea to figure out what went wrong in your previous start-ups and why plus what corrective steps are required.

Have you also got the seed capital organised or is it possible to get it from savings and your family and friends?

It may be helpful to get a co-founder(s) with complementary skills/ expertise and experience and aligned in terms of vision and values.

These preparatory steps can help you in reigniting your start-up dreams!

All the best

Chandu Nair |65 Answers |Ask -Follow

VC, Angel Investing, Entrepreneurship Expert - Answered on Feb 12, 2024

Question by Dinesh - Nov 22, 2023Hindi

Career

Dear Mr CHandu, I am 53 yrs now and an BE by qualification. I have been working in IT industry (14 yrs) and from 2007 have been working in IT Security profile as GM. In 2015 I left the job over an partnership offer which did not materialized but i lost the job. I started an start-up ecommerce company with a good concept which was liked and appreciated by the franchisees as even today they are running a grocery store which was setup by me, though my business shut down due to non funding and was cheated in the name of funding. After long gap I did join the company but lasted for just 8 months and now again am job less. I have a good start-up idea in healthcare which is workable and have been appreciated by people to whom i have brief though i M yet to launch due to funds issue, Though people are trying to find the funding after hearing the biz idea. My wife is working and have 2 kids in 12th and 10th Std respectively. Pls advice.

Ans: Dear Mr Dinesh,
It looks like you have been through a lot after getting into business on your own. Your children too are at a critical stage in life which requires funds for higher education in the next few years. The first question to ask yourself is - what is the priority in your life? Is it financial stability for the family esp for the kids? Or is it the pursuit of your business? The second question is - what is the current status of your household finances? Is there enough savings to manage the household, upcoming education expenses, other expenses (travel, medical etc)?
If you are shaky, it may be time for you to consider taking an assignment which offers you a fixed remuneration and also flexibility to work on your idea. You say you were in the field of IT security. Can you consider an assignment which might take 2-3 days per week managing and overseeing the IT security for a company which cannot afford a full-time professional?
You may also want to consider getting incubated in a good healthcare incubator in your city and also apply for a start-up funding grant from the government of India and/or local state government programmes.

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Question by Vandana - Feb 22, 2025Hindi

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Hi My daughter get 72 percentile in jee mains 1 i dont know what happened to her otherwise she is a good student scored 94% in her 10th boards ..if i will look for some private engineering college in india pls suggest i will go with pune or will look for management quota seat for csc from banglore. Pls suggest preference order of btech college in banglore

Ans: Hello Vandana.
Requesting you not to panic at this early stage. Let her appear for JEE session 2 and the state-level engineering entrance test. Let all the results out. You have ample time to think about the available options for engineering admission. At this stage, no need to think about management quota unless and until you want a particular branch in a particular college. Depending on her score in upcoming exams, she may get admission to reputed engineering either in Pune or Bengaluru
Here are some colleges in Bengaluru: (1) R.V. College of Engineering (RVCE) (2) B.M.S. College of Engineering (BMSCE) (3) M.S. Ramaiah Institute of Technology (MSRIT) (4) PES University (5) Bangalore Institute of Technology (BIT) (6) Dayananda Sagar College of Engineering (DSCE) (7) Sir M. Visvesvaraya Institute of Technology (SMVIT) (8) BMS Institute of Technology and Management (BMSIT&M) (9) Nitte Meenakshi Institute of Technology (NMIT) (10) RNS Institute of Technology (RNSIT)
Suggestion - Don't panic. Keep cool yourself. Ask your daughter to focus more on JEE 2nd attempt and state-level engineering entrance test.

If you are satisfied with the reply, pl follow me or else ask again without hesitation.
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Ans: Hello AVI
Chances are bright to get CSE in NITs & IIIT

If you are satisfied with the reply, pl follow me or else ask again without hesitation.
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Ans: Hi,
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Ans: Hello Priyansh
No. But why you need to appear again via the CBSE board is not clear.

If you are satisfied with the reply, pl follow me or else ask again without hesitation.
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Question by Reetesh - Feb 22, 2025Hindi

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Asked by Anonymous - Feb 22, 2025Hindi

Career

Sir mane jee main session 2 ki fees fill kar di fir bhi incomplete problem a raha

Ans: Hello,
many times there are server issues & payment gateway problems, please check a day after. If it still shows unpaid then make the payment again. Your earlier payment will get refunded automatically.

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