Varun Mallapragada (@varunm30) 's Twitter Profile
Varun Mallapragada

@varunm30

Building Global Innovation Ecosystems | Startup Acceleration, Venture Capital, Healthcare | Associate Director at GIH | Prev: @EUI_Innocenter, @THubHyd

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calendar_today17-11-2021 14:17:59

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Varun Mallapragada (@varunm30) 's Twitter Profile Photo

90% of startups fail. Due to various reasons, ⮕ 10% fail in the 1st year! ⮕ 70% fail between 2nd & 5th year! SPEED is that ONE thing in your control to help you succeed in spite of these odds. 🧵Here's how:

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We all thought Minimum Viable Products (MVPs) are a great way to get started, right?! Apparently, not everyone agrees!! Why? 🟢 MVPs are the best to prove potential ROI 🔴 MVPs lower the quality curve of the ecosystem 🧵 So, here is what should you do with your MVP:

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There are 8000+ startup incubators & accelerators programs in the world! ~75% of startups in these programs consider the program's contribution vital to their success. 🧵 Here is how you pick a program that helps you succeed in a world where 90% of startups fail:

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Founders spend just a shocking ~5% of their time picking the market! >50% of startup success or failure depends on Founder-Market Fit! Investors pick Founders. Founders pick ideas/markets. What if the founder's "pick" is wrong? 🧵 A quick lesson on "Founder-Market Fit".

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“There is one thing stronger than all the armies of the world, and that is an idea whose time has come.” 🧵 Framework for generating high-impact ideas:

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Do you know what makes Apple, Google, Amazon, Microsoft & Tesla the top 5 innovative companies? They have extraordinary processes to select & develop the right ideas to implement! 🧵 Framework for selecting high-impact ideas:

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Storytelling has the power to change the world. I've realised this time & again in the last 9 years of helping startups scale. 🧵 Framework to become a masterful storyteller:

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I just published in Start it up "Rethinking The Failure Narrative: A Case Against Failure in Entrepreneurship" - link.medium.com/hSD0bl7w1zb 🔖

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Pre-revenue: "So much potential!" 🚀 Early revenue: "Why so little traction?" 🤔 The paradox of startup valuations—where sometimes having nothing looks better than having something.