IGF UAE 2022 Founders & Funders Forum: This Is the Best Time To Build a Company, Thinks Veteran Investor Shailendra Singh
New Delhi, December 14: Times are tough especially for entrepreneurs, startups and specially for tech companies as fund crunch is forcing them to resort to layoffs. But veteran investor Shailendra Singh is optimistic. Sharing his experience of investing in companies and witnessing growth of entrepreneurs at a session of the IGF UAE 2022 Founders & Funders Forum, Shailendra Singh said he thinks this is the best time to build a company. Paytm To Buy Back Shares Worth Rs 850 Crore at Rs 810 per Share.
“I think it is a terrific time to start a business… I always ask the founders if they are planning to run their long-term business,” said Singh who is the Managing Director, Sequoia India & Southeast Asia, Singapore. The veteran investor is of the view that a quarter of the top 100 companies in India over the next decade will be tech companies. Ashneer Grover Takes Dig at Suhail Sameer, Says ‘BharatPe CEO Enjoying Life With Money I Raised but Unable To Grow Company’.
Joining the conversation, Sreeram Reddy Vanga, Co-Founder of Kofluence, India opined: In the absence of capital, you have to understand there are weapons which are much stronger than that.” Expressing his views, Mohit Kumar, Founder and CEO of Ultrahuman said: “Health is a problem which becomes progressively more difficult to deal with… health has become more of a complex problem for everyone to deal with, so the demand has increased.”
Ashish Jhina, Co-Founder of Jumbotail Technologies, also spoke at the session where he explained how everyday is a turbulent day in the online grocery chain business. A question-answer session was also held following the discussion. The panelists were asked about team morale and culture when layoffs become daily dose globally.
In response to a question about ethical business practices, Shailendra Singh said: “Every ecosystem, whether it is start-ups or last stage companies, for us to have a chance to build enduring companies, which will last decades, there will have to be very good governance… what happens in a young company is… if they are trying to scale very fast, a lot of young innovators who tend to be amazing innovators, they do not tend to like doing things which are boring, like compliance, or like financial reporting.”
“The way we think about this is that a founder’s journey is a journey from being a great innovator to eventually being a great leader, and then eventually being a leader of an enduring enterprise which has very high ethical, governance standards,” he added. During the session, Dr Naveen Singh, Founder and CEO of INERY Pte Ltd, and Nick Horowitz, Co-Founder of Founders Makers, also shared their valuable experiences.
(The above story first appeared on Today News 24 on Dec 14, 2022 12:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
