Me to a disappointed (on missing his Q1 target by ~5%) founder: “Don’t lose sleep over it. Co can make up during the year” Founder: “if I don’t lose sleep over performance targets in my 30s, when will I” If only all with similar fiduciary responsibilities thought like this!

Just saw this report. Together, we have invested $141B to own say ~70% 0f paper valuation of ~$400B. If we believe that real valuations are ~50% of paper value (some will argue lower based on recent news flow), we may have done a lot of hard work over 10 years for no gains!!

The contents of the conversations could easily be converted to a bestseller raja ganapathy take it away :)

Follow for updates on United fixtures, Transfers and Player Ratings #MUFC #MUFC_FAMILY

make or break season

Met three founders in the last week who acknowledged that their ideal fund raise amount grew from ~50cr to 150-200cr as they spoke to bankers and investors because each had their own business constraints. This is where the problems begin!

How our world has changed in the last 18 months - heard analysts discussing effective tax rate....we have come a long way from discussions on why are current revenues so important, we should focus on potential!

Love the audacity - A 30cr revenue company looking to raise capital to buy a profitable 300cr revenue company in the same business. He will go very far or crash and burn!

Notice so much conversation and media time/space still being consumed by hyped 2021 companies and what went wrong. Too much schadenfreude too. Time to leave them alone to sort out their troubles. Many quality businesses being built in real India with much less hype and capital.

An exciting 5 years where so much has happened - from covid to peak bull run to the present calm in the private markets. 22 founding teams and a small, "well dressed" team - so much to be grateful for!

We are all excited about the infrastructure development in Mumbai. What is really happening is the current generation bearing the cost (poor AQI) for the benefit of future generations. This is my arrival in mumbai after a holiday with 10 days of 15 AQI.

Heard an interesting take on changing investment strategies of firms: - Venture firms are looking more towards the 22nd century (moving from consumer internet etc to AI..) - Growth equity firms are going back to the 20th century (moving back to manufacturing and offline)

Stock market returns should be reflecting business returns and growth. We are in a unique situation where many business people are pulling out capital from business to invest in the markets because of attractive returns!

Heard from an investment banker" "Good to see VCs having greater focus on money making themes like roti, kapda aur makaan (more home finance)"

A very common question asked is “Are Atomberg products made in India” The answer is yes. 99 percent of our products are designed and developed in India. 95 percent of our products are manufactured in India. We have one of the largest manufacturing setups of our industry in

So far, we were telling our LPs that public markets are not competition for the late venture/early growth segment. Today a 100cr revenue company also threatened us with an IPO during negotiations!!!

A privilege to be in the room with these atheletes and legends who have made India proud. The stories of struggle/perseverance should inspire many more. Thanks to OGQ , they have the support to perform to potential. Looking fwd to more proud moments for Indian sports.

Loved this picture from our Diwali party

Looks like someone has drawn a pink line in the evening sky!

Think Mumbai sunsets are underrated (all pics from this week)