Gaurav Bhatnagar ( Tekriti Software )
Bootstrapping: How to bootstrap?
Bootstrap a company without seed money.
His motivation to quit the job without an Idea and the Return to India from the Silicon Valley and other US locations.
Be Practical and other major points that were discussed between Gaurav and the audience:
Don't do it alone: It kills you: Find similar kind of people. 3 is magic number.
Don't do it fresh out of college: Especially a services startup. Credibility. Get a story. It is ok to give work to us.
Find a mentor: Cashflow, Burn-Rate, Bouncing Board to buy into your idea.
Some money in the Bank: Don't run out of money, your own money. Live off your parents, make sure you can pay your cellphone bills.
Find your first client: Startups work with startups, find out who got venture funded right now in your domain area and try to sell yourself to them.
Contribute to Open Source: Make yourself known and create credibility.
Track the blogosphere: Ideas for free. Smart people give out a lot of product/pain ideas for free
Get Lucky
Register with STPI save on taxes in India.
Get an office it helps to hire people.
Hire an office admin. Don't get pissed about small amounts of money spent here and there ( Stop cribbing about not being able to things done in India without buying out a lot of petty government officials )
Build a team: Share a dream. Long term story.
Be patient with freshers.
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