Tag: bangalore

Bangalore Open Coffee Club on 29 Mar 2009


Reached Zeo Coffee Shop by 10.10 AM (late by 10 min) by the time I entered the event has started… Not sure if there was a welcome note and self intro session…

 

The time I entered Mr.K.Ganapathy Subramanian guest speaker and a VC was already addressing the gathering… He shared many points and these are some of my take aways

  1. Explained about LP (Limited Partnership) & GP (General Partnership)
  2. How to approach a VC…
  3. How Due Diligence delays a funding process (This session had a debate)
  4. How VC’s calculate their ROI

Then after the session was over Vaidhy (Founder of Chennai OCC, which was the first OCC in India) was asked to give a small pep talk and then it was networking time and I networked with some people… Unlike Chennai OCC (Which I still believe is better)… Bangalore OCC is organized and I must give full credits to Kakoli Das for her moderation skills, she brought back things back to the point when ever the topic was diverted…

 

Before wrapping I want to give a brief on take away points in details because it enlightens me;

 

How to approach a VC: KGS recommends to get linked with companies which were funded by VC to get linked with those VC… The reasons given by him made sense

 

  1. VC’s get lots of enquires and changes of our proposal getting lost or delayed in the stack is more, so if we move thru a known source chances of getting a quick review is high…
  2. Person who had got a VC funding would have his own learning’s which will help us to avoid reinventing the wheel again…

How VC’s calculate their ROI: He said VC’s distribute their risk by investing 10% of the capital to companies which effectively means they will be investing with at least 10 companies… Let us assume for an example a VC firm has following;

 

Capital: Rs.100

Expected ROI: 20% of capital

No. of investment: 10 companies @ Rs.10 per company

 

Now here is the assumption or thumb rule

 

  1. 5 companies become bankrupt.
  2. 3 companies are average @ 5% each.
  3. Then how much the other 2 companies must perform to reach the yearly target of making 20% of the capital…

 

Formulae =

(Total Investment X 20% ROI) – (Investment A X 5%) – (Investment B X 5%) – (Investment C X 5%) = ROI expected on other 2 companies

These were some snaps which I took when the event was happening… 

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One with blue shirt is Mr.KGS…

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Full gathering…

 

To know more about Bangalore OCC visit:

 

Blog: http://bangaloreocc.blogspot.com/

Twitter: http://twitter.com/occbangalore

Ning: http://bangaloreopencoffee.ning.com/

Bangalore Day 1!!!


Today has been a hectic day and I didn’t find time or unable to think something unique. So, I thought what I didn’t for the day must be enough… Here is the synopsis for the day…

  • Reached Bangalore at 5.45 AM and landed in Dairy Circle…
  • From there I boarded a local bus to reach home…
    • Ticket was eight bucks, but the conductor didn’t give back balance change… So, my travel cost me ten bucks…
    • I was happy because my New Year resolution was not to travel by autos and flights and for last 45 days I’ve been successfully following it…
  • Reached home by 6.30 AM made some post in twitter, checked mail and took a small nap for 2 hours…
  • Got a wakeup call from Dad, telling what all he has arranged for me. Dad has always been a responsible person and a loving father… He brought my favorite water melon and filled water in the buckets before he left the previous day to Chennai…
  • Then took bath and rushed to Startup Saturday and en route had breakfast and picked cash from ATM and was late as usual…
    • But there was introduction about Startup Saturday and their services…
    • Then there was a presentation by Sumeet Anand, who explained about his product Kreeo and about Collective Intellegence…
    • Then it was followed by Jyotsna who gave a presentation about Moovieshoovie.com…
    • Then there was a tea break and time for networking… Time for networking was too short… But managed to be my best within allotted time…
    • Then there was a demo from Tringme.com on VoicePHP… But the topic migrated from demo to VoicePHP vs VoiceXML…
  • Then had lunch Gopal, Narasimhan & Senthil…
  • Then proceeded to StonePub in Indra Nagar for Heavy Metal Bloggers Meet organized by Indibloggers.in.
    • Event was sponsored by Kingfisher which was generous enough to offer free unlimited beer…
    • Then met with lots of interesting folks…
    • Then met Dhempe, Narayanan & Swaminathan who were already known to me…
    • Then had a long interaction with Amit and I’m expecting an email from him…
  • From their proceeded to Forum Mall along with Senthil and I must thank him for giving company… We went to an English movie “He is just not that into you” and just returned and the day has come to an end…

Good Night…

Manae Pyar Kyu Kiya Rocks…


Fifteen years after his debut movie “Manae Pyar Kiya” meaning I’m in love, Salman Khan has matured in all aspects like acting, dancing & also in real life too, his latest movie “Manae Pyar Kyu Kiya” meaning Why I’m in love, shows his personal love experiences thanks to ash.

Regarding the movie it is a mind-blowing comedy, really first half was kick ass than the second half, a typical David Dhawan movie… Good comedy movie after Munna Bhai MBBS…It was a great night out with friends in PVR Cineplex Bangalore…