Transcript Welcome to Megabucks shashank dixit I am the reason why you’re here Co-Founded Megabucks Once During my days in IIT Kanpur But this is not about me Its about you guys About Entrepreneurship (hard to.

Welcome to
Megabucks
shashank dixit
I
am the reason why
you’re here
Co-Founded
Megabucks Once
During my days in IIT
Kanpur
But this is not
about me
Its about you guys
About
Entrepreneurship
(hard to spell)
(harder to do)
We’re here because of
you
This whole program
is about you
Why
are
you
guys
important ?
What’s Megabucks
and what can you
learn
from us
Entrepreneurs
build countries
India of tomorrow
Will be built by you
Not Politicians
Not Social Workers
Not the IAS officers
But you guys
The Entrepreneurs
You guys
Create Jobs
Create Opportunities
Build something out of
nothing
Entrepreneurs are
today’s
Gold Mines
Entrepreneurs create
Value
Value from scratch
Infosys
[May peace be upon NRN]
Infosys creates jobs
for 100k people
Direct Jobs
High Paying Jobs
100k Refrigrators
and Televisions
And Shoes
And Clothing
And Cars
One Lakh Tax Payers
They Fuel the
economy
Directly affecting a
million people
Indirectly - ten times
as much
Infosys affects
of India
Entrepreneurs
How did they do it ?
because
they
dared to try
1st Lesson
10 Lessons
I wish to share
today
do
take the plunge
cut the ***
get on your feet
No theory
No Degree
No MBA
can teach you
unless you try.
ideas
the best ideas are the
simplest
execution matters.
So what does Google
do ?
Keep your eyes open
Look for opportunities
do a lot of things.
unrelated things.
Dive deep into data,
then trust your gut
Andy Grove
Be a doer
not just a dreamer
see. learn. do.
for things you can’t do
get others to do it
together with you
not for you
team
friends.
business partners.
team wins.
make a team.
with your friends.
work with friends.
make sure
friends > money
greed team fails.
I’ve known my
co-founders
since
class I.
3 of us are together
since childhood.
great team trap
Smart people are the
dumbest
avoid
great-team trap
avoid
too smart people.
don’t try to
assemble the best.
you got to be a little
dumb
to not quit
work together
if you know each other
not because the other
person
is smart. or cool.
or because you
want
to make truckloads
of money.
work with friends
not all friends are
smart
but they’ll stand by you
when you will need
them
the most.
value loyalty and
honesty
over smartness
its good to be smart
as long as you know there
are smarter people out
there
risk
risk your own
Never expect
someone else to risk
on you
unless you risk it all
and prove yourself
when it comes to risk
lead from front
<insert obvious
beaten-to-death
reference to
risk vs rewards>
investment
your first investor
should be your
customer
+
the power of prayer
nah, just kiddin
it is optimism
who’s the poorest of
all?
a person who loses all
hope
Develop Positive
Stamina
there will be bad times
horrible times
<insert personal
horrible tale here :) >
develop natural
endurance towards
pessimism
never quit
Many of life's failures are
people who did not realize
how close they were to
success
when they gave up.
network, networth
you are the average of
the sum total of all
the people you know
meet a lot of people
meet a lot of smart
people
listen.
learn from them
learn from history
learn about your
industry
never trust the media
to tell the truth
reading about
richard branson doesn’t
equate to knowing him
Infact, DO NOT
read
hagiographies at all
thinking big
scaling up
trust people
to not deliver
when it comes to
thinking big
you got to
think big. execute.
rinse. repeat.
push yourself
and lastly
the ‘nevers’
never burn your
bridges
never take yourself too
seriously
never give up
never let other people
pull you down
never believe the good
stuff either
never leave the details
the devil lies therein
never complain.
Alright, that’s it.
Questions ?
[email protected]