This week at iB Hubs Startup School, the young entrepreneurs gained deeper insights into ‘Team Building’ and ‘Fundraising’, through mentoring sessions with successful entrepreneurs and industry experts.
With a session on ‘Team Building’, Mr. Ankur Warikoo, Founder and CEO of nearbuy.com, shared his personal journey into building the right team, the higher importance of Commitment over Skills, projecting one’s true self to the company and the world, and optimizing one’s resources for hiring.
Mr. Vijaya Kumar Sama, Chief Mentor of iB Hubs, interacted with the young founders and gave them valuable insights into the core fundamentals which either build or break a company. He shared his entrepreneurial experiences on how he built a strong team of 1000+ individuals who aligned to the execution of a single vision. Setting the right attitudes in teammates, the importance of committing personally to the ideals we preach, and how these practices would help beat all other odds in building a successful business–are a few more valuable insights the student entrepreneurs gained from the session.
Fundraising was another focus of the program this week. The young founders have worked intensively on improving their pitch and making it more lucrative to investors.
Mr. Abhay Tandon, Program Manager at Target Accelerator, took an interesting session on ‘Fundraising’. In addition to sharing his personal insights into the topic, he conducted demo pitches with the young founders and helped them understand what makes most investors tick.
Satish Kataria, Founder of Catapooolt, one of the largest fundraising platforms in India, took a session on crowdfunding for startups. The session gave valuable insights into the state of crowdfunding in India, different crowdfunding platforms, and the kind of target customers the platforms attract, and most importantly, how to position one’s product that will help achieve the campaign goals.
A webinar on ‘Fundamentals of Incorporating a Company and Intellectual Property’ by Saranya Bose and Padmaja Krishna from VakilSearch.com, helped the young minds understand the legalities of a business. Many of the student startups at the program finally decided on the right kind of incorporation their ventures need.
In addition to all these, the in-house mentors at iB Hubs assisted the student entrepreneurs to understand ‘Basic Finance’, ‘Valuation of a Business’, ‘Financial Accounting’, ‘Term Sheets’, ‘Pitching’, and much more.
Let’s wish all the best for these young, aspirational startup founders in their entrepreneurial journey!
