Thursday, February 07, 2013

Skill, speed and scale

Keeping aside political affiliation, Narendra Modi made some intelligent remarks in his speech at SRCC (unusual for an Indian politician!). The most striking to me was: 'Country needs 3 S's to succeed -- Skill, speed and scale'.

The statement holds true for start-ups. Founders should focus on getting the right skills, executing fast and growing fast to scale up.

Investors should also look at these factors:

1. Do the founders have the skills to succeed?
2. Do they have the speed to execute?
3. Can the business scale up?

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