Entrepreneurs should not be too passionate about their business: BJ Arun
Entrepreneurs should not be too passionate about their business: BJ Arun
TiE Global Committee Chairman BJ Arun said here on Saturday that startups should focus more on business and not on valuation.
Addressing around 350 participants in Green Con’22 organized by TiE Coimbatore, he said that startups should value equity in the company and not give too much equity in the initial days. He also urged startups not to spend too much as fiscal discipline was important. In the end, startup entrepreneurs “can’t and shouldn’t be very passionate about their business,” he said.
On the trends in valuation of startups, he said that there are several metrics that decide the valuation of a company.
Ranjana Singhal, head of TiE Coimbatore, said the aim of the conference is to “create opportunities for Earth Forward enterprises. We are here to understand how to do it.”
The one-day conference on Green and Sustainable Entrepreneurship had 11 speakers, all entrepreneurs whose startups were in different verticals of sustainability. Some of the speakers were Ankit Agarwal of Phool, Farhad Contractor of Sambhav Trust, Arunachalam Muruganandam of Jayshree Industries, Swarajit Alaknanda of Fix Your Gadgets and Chaitsi Ahuja of Brown Living.