Home > Career > Question
Need Expert Advice?Our Gurus Can Help

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

Chandu

Chandu Nair  |65 Answers  |Ask -

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
Listen
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.
Career

You may like to see similar questions and answers below

Chandu

Chandu Nair  |65 Answers  |Ask -

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

Listen
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.

..Read more

Chocko

Chocko Valliappa  |494 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Feb 26, 2024

Asked by Anonymous - Feb 09, 2024Hindi
Listen
Career
At 45 years old, I am the first in my family to graduate. I am married with two supportive kids, a daughter and a son. My father, who was raised by his grandparents, struggled financially, and despite his genuine nature, he couldn't provide much for us. I started working after failing my 12th board exams, eventually completing my post-graduation while working part-time. The ITES sector brought financial success, allowing me to support my nieces and nephews through their education and marriages, even helping them purchase homes. I've stepped back from my siblings, except for one sister who has a mentally ill son; I've provided them a home built on land in my mother's name, though her will is uncertain. Now, I'm considering leaving work to pursue my own business ventures but not due to dissatisfaction and negative office experiences. Always having an attitude to go along well with anyone and support each others. With my loans set to be paid off within a year, I'll have no financial obligations except for my children's education (zero savings precisely). I plan to accumulate at least 30 lakhs of cash savings in the next four years, without touching my provident fund which is being accumulated around 50+ and my gratuity - as my base salary is above 1 lakh now. My lifestyle is modest, with a decent 3-bedroom house, a second-hand SUV, and some cash reserves. My wife and mother each possess 25 sovereigns of gold, though my mother isn't entirely supportive. Aside from essential purchases, I buy clothes and accessories during sales. I'm seeking guidance on my next steps, as I sometimes feel anxious about not fulfilling my desire to start my own business. My question has elements of both mentally and financially so approaching you. Sincerely!
Ans: From what I read you have achieved a lot and have earned goodwill of your extended family. Please encourage your children to follow your family's example of a acquiring knowledge add gain success at work though a work ethic that appears to be your family's strong point. Given your current career use your strengths at work to grow even further and aspire to do well. Even though starting a business of your own may look exciting is not everyone's cup of tea, hence I would advise you to not jump into it without working out the full details.

..Read more

Latest Questions
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x