Before & After Funding

Before or while applying for Funding

a.  Our application or service is unique.  There is nobody like us in the market place

b.  There is a huge untapped market that is waiting for our offering

c.  We will generate enough resources to fund the future expansion plans

 

And after Funding is obtained and during review meetings:

a.  We have to increase promotion spend because we have to differentiate from competition

b.  The market is potentially large but internet access is limited 

c.  We need more funding to acquire customers

Are there more such glaring flip-flops?

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4 Comments

  1. N Ramesh said,

    July 19, 2012 at 9:26 am

    I deduce that the context you are referring to relates to the funding by the venture capitalists to the so-called start ups in the IT space by the Techies, mostly the over intelligent and clever minded MBAs, many of whom are without any scruples, who are devoid or bereft of any moral cum ethical fabric or values to boast of, other than having a loud thought to make a lot of money and that too very quickly !

    Their key intention is to just present an idea nicely and professionally (Read : only a make believe presentation material !), however impractical it may be in reality, irrespective of whether it is workable or not in the real world, and thus somehow impress the funder (Read : dupe the Venture Capitalist !) and blow up the money so given to them, if not decamp with it, by considering it as a sort of loot, to put it bluntly !

    Sometimes, their main intention is only to somehow convince the funders and get the money from them as investment in their business venture, say even by hook or crook and hope to sell their company by doing some worthwhile activity and by playing the Valuation Game and flip it off to somebody else and make a huge killing from and out of it, and thus amass a huge wealth in this process over time !

    And when that does not happen, they discover some excuse and reason it out very well and scout for the next round of funding, say by citing some of the reasons similar to what you have mentioned and get away with that booty also !

    Thus Spake N Ra, as usual !

    • badrirag said,

      July 23, 2012 at 1:48 pm

      Ramesh,

      Your prejudice and bias against software developers whom you refer in a condescending manner as ‘techies’ and the MBAs are seen in this comment of yours. May i request you to consider this entire eco-system in a more holistic manner?

      Badri

  2. Chandu Nair said,

    July 19, 2012 at 11:30 am

    Before – we have such a strong, well knit team and a great supportive, collaborative work culture
    After – we need to pay so much more to attract and retain talent; money is the only thing that seems to matter!


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