Venture Capital terms is not a
new terminology, it is old and effective.
VC provides their investee a big runway from where they take a flight
to a height from where they can see the whole world, then only they can see the
best place which somewhere will be a fertile land for startups to grow their
business.
They provide funds to burn the
worries in the early days of operations and teach us how to focus on our aim. I am lucky that I could get some inherent sense of business from well known billionaire Mr Vinod Khosla. Yesterday one of my friend Gaurrang
Govind send me a link which was the artistic quotes by Mr Khosla. These 12
golden lines gave me a ground to think like an entrepreneur and boost my confidence to next level of expertise which further helped me to become a Co-founder of an Innovative & revolutionary Idea “Kiranaking”.
We should not limit our
thoughts to a particular room. Let it be flown in
the open area and grasp maximum information, knowledge. I am really happy to see the quotes that make
my discipline and propel me ahead on this path of growth. Together we (Investor and we) will build
a billion-dollar company.
Quotes of Prolific Venture
Capital Investor Mr Vinod Khosla is well articulated by Alexander
Roznowski. All 12 points are suited to Startups seeking VC Funding.
if we go by each quote we will find that all propel us to scale the business significantly
and to create Value, thus. Success will automatically create Valuation
(Balwant Rana)
inconsequential outcomes:
2.
Focus on company building, not deal-making
3. Do something
different.
4. Seek for unfair
advantages
5. Invest more in
people than a specific plan:
6. Believe will
drive you through bad times
7. Don’t focus
solely on the monetary outcome:
8. Focus more on
technology risk than market risk
9. Compete with
yourself
10. Lower your
margins for high growth
11. Acknowledge
that you don’t know everything
12. Take advice
from the right people
Vinod Khosla is one of the most prolific ventures capital investors. Here
are some of the best quotes by Vinod Khosla.
1. Aim for
inconsequential outcomes: (Patience)
“It doesn’t matter what your probability of failure is. If there’s a 90%
chance of failure, there’s a 10% chance of changing the world.” “Most
technology startups fail. There’s a winner, and there’s 7 out of 10 that lose.”
“I don’t mind failing, but if I succeed it better be worth succeeding for.” “I
have seen too many startups where they have reduced risk to a point where they
have a higher probability of succeeding, but if they succeed it is
inconsequential.” — Vinod Khosla
2. Focus on company
building, not deal-making ( Value)
“We are in the company building business, not in the ‘deal’ or ‘capital’
business.” “I don’t think of myself as being in the investing business. I think
private equity investors are very much in the business of doing deals, putting
money in, getting money out. To me, that is a very, very different business and
all that they are doing is spreadsheets. I think of myself in a completely
different business of building companies. I have not made IRR calculations on a
spreadsheet ever since 2004. I either believe or I don’t. If I believe, then my
goal is to get involved and make things much bigger and help them be
successful. It’s a different kind of business.” — Vinod Khosla
3. Do something
different: (Perfection)
“If you’re doing what everybody else is doing, you’re not doing anything
interesting, and we won’t want to invest.” “Doing things at the edge is what
venture is about.” “I don’t even invest in businesses where six other people
have the same technology.” “The idea is how can you turn a technology advantage
into a business advantage? It’s much more like playing a chess game than it is
investing. It is strategic, it depends how much you can help the company.
Therefore, it is much more fun.” — Vinod Khosla
4. Seek for unfair
advantages: ( Opportunity)
“We seek out unfair advantages:
proprietary and protected technological advances, business model innovations,
unique partnerships and top-notch teams.” — Vinod Khosla
5. Invest more in
people than a specific plan: (People)
“We invest more in people than in a specific plan, because plans often
change.” “Failing quickly is a good way to plan. Failing often makes failures
small and successes large….In small failures you accumulate learnings about
what works and what doesn’t. Try many experiments but don’t bet your company on
just one, keep trying, keep failing small.” “There are probably three or four
things you can control out of ten that matter for the success of your company.”
Competitors control another three or four. “The rest is just luck.” “I’ve never
seen one [business plan] that’s accurate.” — Vinod Khosla
6. Believe will
drive you through bad times: ( Believe)
“Bad times come for every startup — I haven’t seen a single startup that
hasn’t gone through a bad time. Entrepreneurship can be very very depressing.
If you really believe in your product, you stick with it.” — Vinod Khosla
7. Don’t focus
solely on the monetary outcome: (Scale)
“Seeking an acquisition from the start is more than just bad advice for an
entrepreneur. For the entrepreneur it leads to short term tactical decisions
rather than company-building decisions and in my view often reduces the
probability of success.” — Vinod Khosla
8. Focus more on
technology risk than market risk: (IT driven)
“We prefer technology risk to market
risk.” — Vinod Khosla
9. Compete with
yourself: (Fear )
“How would you compete against
yourself?” — Vinod Khosla
10. Lower your
margins for high growth: (Growth,GMV )
“I generally disagree with most of the very high margin opportunities. Why?
Because it’s a business strategy tradeoff: the lower the margin you take, the
faster you grow.” — Vinod Khosla
11. Acknowledge
that you don’t know everything: (Execution, Process & System)
“Where most entrepreneurs fail is on the things they don’t know they don’t
know.” “Things go wrong. There is lots of uncertainty, and there are times when
you’re unsure of yourself. I’ve found that the less people know, the more sure
they are.” — Vinod Khosla
12. Take advice
from the right people: ( Consult, Advisor)
“The single most important thing an entrepreneur needs to learn is whom to
take advice from and on what topic.” “Entrepreneurs could get such great help,
but instead they think they need money. It’s this sort of schizophrenic divide
between worrying that you’re going out of business and dreaming big that’s
needed. Sophisticated entrepreneurs know this. Less sophisticated entrepreneurs
don’t even know whom to ask for advice. They’ll ask a marketing and a
technology question to the same person. Ask different questions of different
people, both those who have been successful and those who haven’t.” — Vinod
Khosla
Articulated by : Mr Alexander Roznowski Source: https://medium.com/ipo-2-0/best-quotes-by-vinod-khosla-a18335c7734d
Be the true follower of
a leader like Vinod Khosla, choose your path which led to you towards a grand
Success and could create a history where people will follow you like me
following him. (……. Bhardari)
Posted on my blog:
25.12.2020
Jaipur, India
Presenter & Decorated by: Balwant Singh Rana, Cofounder & Director – Kirana King
