Nuggets from Avnish Bajaj
Sharpening investing skills
In Venture Investing, several years can pass before you realize the returns on your initial investment. Avnish talks about how investors can create a feedback loop in the interim and learn from the journey without having to wait for that long.
Venture Investing – Supporting without intruding
As an entrepreneur who has built a business, how do you engage with an entrepreneur when you are an investor. Avnish talks about walking the tight rope of providing input while holding back as appropriate.
Misconceptions around Venture Investing
Avnish talks about the realities of VC investing as a profession and debunks some of the common myths around a "cushy lifestyle" that some people associate with the profession.
Pie chart of time in Venture Investing
In any profession, it is important to understand how to spend time on the right priorities. People often get consumed by the urgent and miss out on the critical. That pie chart looks different across professions. Karthik talks about how he spends his time as a Venture Investor and as an entrepreneur at Blume Ventures.
Venture Investing - What does it take
Karthik talks about what it takes to become a successful Venture Capital Investor. He also discusses the nuances across Angel Investing, Venture Investing and Private Equity Investing. Each of these often requires a different set of skills and strengths. People often club all these Investing roles into one large umbrella but there is a significant difference in the type of person that would enjoy and flourish in one versus the other.
Transition pitfalls - Banking/Consulting to VC
Transitioning from one industry to another are always fraught with uncertainty and risk. Leaders are straddling several sub-transitions - settling into a new organization, flourishing in a new space which requires a different set of skills and mindsets. Karthik talks about the common derailers that could come into play when Consultants or Bankers are transitioning into Venture Investing.
Settling effectively into Venture Investing
The first 30-60 days in any profession are often quite tricky. Hairline cracks can quickly turn into fractures if not handled carefully. Karthik talks about how he works with the incoming members and thinks about the early passage of play in the organization. He also talks about how he pre-empts the derailment risk by suggesting to interested individuals to seek certain prior experiences before venturing into Venture Investing.
Omidyar Network and innovating for next Half Billion
Roopa talks about the flexible capital model at Omidyar Network (ON) and discusses how they do a combination of investing in tech enabled start-ups driving social impact and grants to organizations to impact a sector. She also discusses the unique characteristics of the next half billion in India that has access to the mobile phone and will come online in the next 5 years and how this presents a unique opportunity for these consumers and for businesses targeting them.
Attributes Of A Great Commentator
Vijay talks about the role distinction between a Broadcaster and a Commentator. He also alludes to the challenge of catering to audiences with varying tastes and appreciation of the game. The challenge is in creating content that appeals to different segments and is not just tailored to the tennis aficionados. Vijay shares some thoughts around how broadcasters could draw audiences in and then keep them there because of the quality of the game.
Framing Good Questions
Vijay discusses how less is more when you are interviewing a person. He discusses the role of brevity and the need for active listening to ensure that you are picking up the cues. He talks about some thoughts around how to navigate such a conversation. He uses the metaphor of Billiards where you are not just thinking about the initial contact of the cue ball with the red ball but are thinking two steps ahead of where all the cue ball might go.
Stand-Up: What it takes
“Find the balance to feed your stomach and feed your soul”: that’s the mantra for delivering to your potential, according to Papa CJ. In this nugget he talks about the qualities of being a good stand-up comedian and how these requirements actually transcend profession and time. Listen on to find tips to harness the true power of your potential.
Balancing commerce with creativity
Film production is a tricky area where one has to walk the tight rope between creativity (as appreciated by the audience) and commerce. Atul talks about how he thinks about it and also alludes to the evolving consumer mindset where some early opinions could significantly swing the fortunes of the movie one way or the other.
What it takes to compete at the top
Vishy talks about how players need to adapt their style in a world where machines are makin the games longer and more nuanced. He specifically talks about the declining relevance of a dogmatic approach due to the machines suggesting more and more combinations which are possibly outside the realm of comprehension of the average human mind. He also refers to the crucial role of fitness to be able to make sound judgments deep into a game that has only gotten longer with the increasing role of machines.
Understanding the processor inside
In this nugget, Vishy talks about how he harnesses the potential of his mind in being a chess player at the very top over a prolonged period. He talks about how the human mind is like a wild horse that needs to be harnessed carefully. He shares some of his insights on how he tries to get the best of his conscious and his sub-conscious mind in preparing for big games. He also discusses some of his rituals in ensuring that he brings the best of himself to bear in various match situations.
Secret sauce behind great ads and film-makers
KV Sridhar talks about what separates the great ads and film makers from the rest. He shares his insights from his recently launched book – 30 Second Thrillers where he goes behind the scenes of legendary ads (tag lines such as Wah Taj, Hamara Bajaj, Only Vimal, I love you Rasna) and breaks down the secret sauce behind the ads and the ad film makers.
Perspectives on Excellence
Jay shares examples of three leaders (PV Narasimha Rao, Atal Bihari Vajpayee and Narendra Modi) who have driven significant change despite the challenges that came with the implementation. He talks about how great leaders use a window of opportunity or a crisis to quickly shift gears in dramatic fashion to drive seismic shifts.
Apprenticeship - the magic sauce in Private Equity
Amit talks about what it takes to build a sustainable Private Equity business over the long term. He also talks about the criticality of apprenticeship in people growing to become effective investors. He talks about three things that investors need to get right (people bets, strategy bets and timing) and how that evolves over time. He also discusses what it takes to transition to Investing as a profession and how he evolved from Investor 1.0 to Investor 2.0 during his tenure at Bain Capital.
Turbocharging your growth – TMRR
Mouli talks the fact that the time people put in a job is not an appropriate indication of the experience they have gained. He outlines TMRR (Target, Measure, Review and Reflect) as a process through which people could derive a lot more experience than what the average person might get in that time period. He also talks about how people can build in the habit so that they practice it on a regular basis.