This morning i was having discussion with my friend Sumit on hiring strategy for startup. Primarily discussion was on whether to hire experienced folks or a fresher out of college.
My answer was its going to be mix of both experienced and freshers (all size doesnt fit in here) and depends on various things.
It depends on:
- What role & responsibility are we talking about ?
- Is that profile available in market ?
- Importantly, Is that profile ready to join the startup?
- Can we afford that ideal profile?
All of the factors varies with the grwoth of the startup. With its growth, there would be different set of responsibilities/role requirement in the company, Awareness about the startup would be more ( idealistically) and hopefully if there are lots of fundind/revenue happening, you may afford a bomb.
There would always be situations where in you will have to compromise with this (and more), because its not the ideal world. What as an enterpreneur you have to design is, design the jobs/kind of reporting structure, which would optimize your resources.
So what can you do to find good hires? Alot! Checkout tips to attract talent by Vijay
Someone said it right, Statistical data is like bikini, which reveals a lot but then keep lot to guess about.
I have been hearing lately about rising inflation in India and its overall contritbution towards global meltdown, but then how do government decide that its costly to live in? Is that truely due to rise in essential commodities?
With small digging, I could find that Wholesale price Index is the primary source for government of India to decide on Inflation.
Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.
WPI tracks prices of 435 commodities, of which 98 are primary articles, 19 fall in the fuel, power, light & lubricants group and 318 are in the manufactured products group. This list get revised time to time and surprisingly this got last reviwed last in 93-94.
Is it safe to assume that lifestyle of average Indians have remained unchanged for 13-14 years?? I dont think so.
Mobile phones, cable TV, internet and much more..have now become commodity & should get accounted in WPI. There can possibly some argument against some of the commodities about they being ‘actual’ commodities for the nation of billion people, but then surely there are items like ‘mobile phones’ which needs to be in.
Thoughts?
Couple of days back when I learnt that Ram Sriram, Founder Sherpalo Ventures (Google is just one of the companies he seed invested) is attending a TiE Session, I was eagerly waiting to hear his views about Indian market and impact on it due to US economy meltdown.
ContentSutra managed to interview him while Sriram got stuck in infamous bangalore traffic. Below are some excerpts.
“…How far behind the curve is India in terms of product innovation?
India is a little bit behind China and US and it’s largely driven by the fact that the size of the market needs to grow. The talent exists, but to build a larger business, you need a larger sandbox. ..” definetly there is lot in there to innovate and market does not have readymade talent.
Read full article here
March 23, 2008 – 10:11 am
Something happened really funny with one my colleague. A buffalo fell on his car!! literally.
He was driving on his way in his santro car and there was an open lory which was in front of his car moving at decent speed.
At one of the signal, Lorry tried to jump the traffic signal and speeded up at yellow light, but then pressed its brake hard bringing lorry to screatching halt when lorry driver realized that its too late to cross signal.
This lorry was full of buffaloes with open no rear gate, one of buffalo lost her control and rockets out of the lorry and safely landing at bonet of poor santro.
Photo courtesy another blog post about buffaloes royal walk on hyderabadi roads
Thats the end of of the story, and yes end of the car’s bonet as well.
Last week when I flew to Delhi for alumni meet, I was pretty excited because I was expecting myself to be one of the first passenger to get down at new hyderbad airport. But then delay announced by government. due to some technical snag washed my hopes :(
Few minutes back, someone just forwarded me a link to album with photographs of Rajiv Gandhi International Airport, talk of the nation, which just started its operation yesterday.
click on the image for album
From pics it appears to be of international quality and I am really eager to check it out myself.
March 17, 2008 – 10:04 pm
Last saturday, I went to New Delhi to attend our 2008 Alumni Meet . It was a great experience to meet new people & old friends. We had good representation from college university staff too.
Its amazing to see how alumni have grown in so many years and so does our alma mater.
Country manager to Gladrag fashion model, its an interesting mix of people in the Alumni group which together hold immense potential.
I am glad that I have been choosen to chair this high potential group and I am all for it to make this group as strong as possible.
March 10, 2008 – 12:00 am
I was watching Richard Branson’s interview at CNBC yesterday and heard him saying how he has to compromise by becoming MVNO franchize of Tata teleservices to get into Indian telecom space.
Then this morning, I saw ‘Get paid for incoming’ campaign on TOI, which is really a unique & impressive offerring by Virgin Mobile. India is a cost-sensitive market and this offering should definitely click, atleast amongst particular section.
Not sure if I would be switching over to their offering, but yes, really interested to know more about how they are doing in terms of value add , especially when they are planning to deliver little hatke
February 21, 2008 – 6:32 am
I am sure they wear all the same like any other human being.
But I found something very interesting today. Checkout http://www.vcwear.com/ its an online t-shirt store which seems to be just selling T-shirts for Venture Capitalist with some contextual text written on it.
I kinda liked these 
February 20, 2008 – 10:15 am
I just finished reading a wonderful book Art Of Start by Guy Kawasaki (a famous venture capitalist and ex-apple employee).
He has done a wonderful job not only with raising all the points which all startup entrepreneurs should know about, but also used simple language and lots and lots of real life examples helping reader understand the logic.
I would recommed all of startup entrepreneurs (or trying to start something) to go through this book.
Thanks Guy for writing such an interesting & valuable book.
February 20, 2008 – 10:00 am
Its very tough for me to imagine life without internet.
I am kind of exaggerating it, but its true that, if there is no internet, it upsets lot of things happening around me or effects things related to me.
We have been trying to get a proper internet connection at my new flat (new? its been 6 months we have been trying) but of no use. There have been many visits from Airtel, atleat couple of visit from Reliance but none of these guys are capable/ready to provide internet connection.
Its hard to believe that ISPs can be so ignorant ( that too in the Hyderabad which is dubbed as next Metro and high publicized IT city) to provide internet connection to the society which has some 200 flats ready and have future capacity of some 600 flats. Just 4 km from Gachibowli & Cyber towers.
I was pretty excited this evening after hearing that fact that Reliance WiMax is there in town and probaby active in Kondapur. I immediately called up representative to do a visit at my flat and find if WiMax can work.
After 40-45 minutes of excercise at building Roof top, finally he declared NO SIGNAL Sar! 
Looks like I have to live with this shabby cable internet connection which is kind of moody and my mood doesnt really syncs with its mood. Grrr
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