I remember when in 2001 I got my first customer for One97 and how few months away I was blown away by cash flow problems. My customer liked what we offered and delivered but the payment was not as prompt as I thought so. I did some Internet consultancy, made few websites/e-learning lessons for side revenues.
This cycle went on and soon when we thought of offering new services was important, there was significant cash crunch. I was shy enough not to be in Delhi’s Entrepreneur/VC circle and seeing no other avenue, I took loans. Loans from all those who could lend, my friends, my family, my family friends. Without any credit history banks were not there for any debt funding so these loans came at all costs including the biggest being the costliest (as high as 24% ROI) . And now I was cash crunched and had additional burden to service loan. (more…)
This is a series on values that we feel either are or should be a part of our *cult*.
1. Freedom
2. Transparency
3. Fun
People don’t have to say that they are having fun at work. If they are, it shows. Is work only work, or could it be fun too? How does work become fun? My take: Of course, we all make our choices early in our career. But even the most seemingly fun jobs have their share of pain behind them. In such a scenario, what makes it real fun is different for different people. For some, a word of appreciation works wonders, while for others it may be a reward.
The comments on Vijay’s post: NASSCOM Friday 2.0 inspired me to start discussing values arising out of our *cult*. Freedom is something already discussed. (Please see the comments in the post mentioned) Please do join me in contributing to the values we have and values we aspire. Let’s define our cult!
1. Freedom
2. Transparency
If you have seen the new One97 building, you could not have missed its glass facade. If you have ventured inside, you would have seen a sea of spaces lined with open work stations and cabins made of glass walls. A zero-barrier, open, transparent office.
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