Interactions with Founders | Startup

Interactions with Founders- Abhishek Rungta,Indus Net Technologies

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After three years of engaging in virtual discussions, I finally had the pleasure of meeting Abhishek in person at the picturesque DLF Golf Resort Ltd . Despite Delhi’s infamous monsoon traffic extending his journey from the airport to a 90-minute ordeal, Abhishek arrived calm and composed.

At 47, Abhishek’s youthful energy took me by surprise. His secret ? Bi-annual treks with his children (9 and 12) and friends, with his latest adventure being the Everest Base Camp.

Our meeting began with a meal and transitioned into a profound conversation. Abhishek came with a well-defined agenda, and I was glad to offer some convincing insights. Here are a few philosophies we delved into:

  • Thinking in Frameworks: My experience working with top consultants like McKinsey & Company Boston Consulting Group (BCG) and my mentor Arun Maira has ingrained in me the value of thinking in frameworks. This approach simplifies life and aids in solving complex problems.
  • The Art of Angel Investing: My philosophy of ” Dil-Se Investing” incorporates a framework of Biology, Chemistry, Physics, and Maths. Biology examines the founder’s DNA, values, and purpose. Chemistry assesses the founder’s close associations. Physics evaluates the business logic and model. Maths focuses on the financials and economics. I am a founderfirst investor
  • Role of a Board Member and Guru: Board members and Gurus must wear multiple hats—parent (10%), friend (70%, akin to Vidur from the Mahabharata), and child (20%). Parent inspires, energizes provides clarity of thought accessible 24/7, Dost as a sounding board and child to be a learner and curious. Their role is also to keep the founder aligned with their purpose and values while ensuring compliance and governance.
  • Capital and Time Allocation: A founder’s intuition should guide capital allocation, prioritized by a framework dividing time into Horizon 1, 2, and 3. The horizon time period must be defined by the founder. A suggested time ratio is 70% for Horizon 1, 20% for Horizon 2, and 10% for Horizon 3, balancing short and long-term goals. Capital allocation should also align with this balanced approach, with a safety pot for unexpected challenges and contingencies .

I would love to hear your thoughts on these ideas. Let’s continue this conversation and share insights.