Nexus in association with Headstart organized the Startup Saturday on October 14th at American Center, New Delhi. The theme of this Startup Saturday was “Exit for Startups”.
Startup Saturday is a flagship event organized by Headstart Network Foundation. These events help early stage startups and aspiring entrepreneurs by providing them the guidance, mentorship and network that they need to turn their entrepreneurial dreams into reality.
This month’s theme of “Exit for Startups” was chosen because exit strategies related to startup funding are quite often misunderstood, the “exit” in exit strategy is for the money, not the startup founders or small business owners. So startups looking for angel investors or venture capital (VC) need an exit strategy to bring back their cash flow.
Mr. Deepak Wadhwa, founder of WeAreHolidays spoke about planning “Your Exit before your Start” to educate startups that an exit strategy has to be well planned and incorporates in the business strategy. This was followed by “Investor’s perspective on Exits for Startups” from Mr Shailesh Vikram Singh, Executive Director, Seedfund while Mr Girish Shivani, Executive Director and Fund Manager, YourNest Venture Capital, who spoke about the exit goal congruence between the investors and the entrepreneur.
A lightning pitch deck was also presented to investors from two startups: Chatteron and 3Dexter. The final session of the Startup Saturday was a panel discussion on “Inner Workings of Startup Acquisitions”. Panelists included Mr Abhishek Gupta, Chief Operating Officer, TLabs, Mr Rohit Singh, Founder, 360Logic (aquired by Saksoft), Mr Aditya Agarwal, Founder, Dawailelo (aquired by 1mg), Mr. Madhavan Srivatsan, Ex-Partner, Desai and Diwanji and panel was moderated by Mr Amit Singh, Founder, Headstart & Wow Labz.
Panelist brought different practical perspective on the table because of the diverse range of industry expertise. The energy, enthusiasm and the active participation of the entrepreneurs made it a huge success.
Nexus will continue to play an active role as an entrepreneurial ecosystem enabler by bringing different stakeholders for development and mentoring of startup ecosystem.