Mahavir Sharma, Past Chairman, TiE Global Board of Trustees
- Past Chair of TiE Global Board of Trustees for the year 2020, past Vice-Chair for the year 2019, and Trustee for the past 8 years (2011-14, 2017-2020)
- Chairman, Carpet Export Promotion Council, the apex body of the Handmade carpet industry in India under the aegis of The Textile Ministry, GOI. From 2017-19.
Podcast
Overview
Starting a business requires a lot of effort and commitment. It’s important to know what’s involved and if you’re suited to business and self-employment. We recommend you take some time to critically evaluate yourself and the challenges of owning a business. See if you’re ready to start a business. Today we have Mahavir Sharma, a serial entrepreneur who is part of umpteen businesses and social organizations and exudes a passion for angel investing, leadership, and mentoring.
[00:32] About Mahavir Sharma, Past Chairman, TiE Global Board of Trustees
- Past Chair of TiE Global Board of Trustees for the year 2020, past Vice-Chair for the year 2019, and Trustee for the past 8 years (2011-14, 2017-2020)
- Chairman, Carpet Export Promotion Council, the apex body of the Handmade carpet industry in India under the aegis of The Textile Ministry, GOI. From 2017-19.
[01:05] About TiE Global Board of Trustees
- TiE Inc, also known as TiE Global, is a non-profit organization with the mission of fostering entrepreneurship, through mentoring, networking, and education. Members of TiE attend meetings at various chapters, exchange ideas, and build partnerships to start new companies or ventures.
- Entrepreneurship, technology, startup, and angel investing are synonymous with TiE
[04:58] Advantages of joining TiE
- Technology is the future. Being surrounded by good people, and listening to their inspirational stories, is a great achievement.
- The growth-oriented, technology-driven environment is not easy to find.
[07:09] Reaching out to other leaders
- If you work with other people and are willing to help them, you will be recognized and supported.
- You will be able to reach out to anyone sitting in Silicon Valley, but it does not happen in one day.
[10:00] Should I go solo or have a business partner?
- Definitely NOT SOLO!
- Startups’ journey is very tough, and it is a great idea to have someone with you.
- Having people who are equal or better than you will always help.
[10:45] Reasons why Startups fail
- Even if you have a great idea and a great team, sometimes they do not realize the competition.
- There is not always direct competition.
- Lack of mentoring or lack of vision
- Topline, bottom line Growth, and Fundraising
[13:52] Bootstrapping or Raising money
Bootstrapping is the best thing to do. When you are ready to swing into a much higher ground, you should raise money.
[15:24] At what stage should a startup start to scale up?
- It depends on your competition.
- It depends on your sector.
- Furthermore, it depends on the money you have raised.
[17:22] What do you look for before making an investment?
- Team
- Product
- Idea
- Timing
Resource:
You can connect with Mahavir Sharma – LinkedIn
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Profile
Mahavir Sharma, a serial entrepreneur is part of umpteen businesses and social organizations and exudes passion in idea and early stage angel investing, leadership and mentoring.
He is the immediate past Chairman of TiE Global board of Trustees for the year 2020 , a first Asian to achieve that position. He is also the Chairman of TiE’s new initiative for investing in idea and early stage startups across India, the TiE India Angels (TIA) and also the Chairman and co-founder of Rajasthan Angels, and has been a very active angel for early and idea stage companies for the last many years.
A prolific speaker, who has had the honour of being the Chairman of the Carpet Export Promotion Council, and the privilege in the past to have been on TiE Global board for 8 years during which has chaired various committees and initiatives including being the Vice-Chair for the year 2019.
In addition to be an active Angel investor he is also in the Business of Carpets, Jewellery, Marketing and Branding in a career spanning 30+ years. And in his philanthropic activities has been supporting the performing and visual arts of Rajasthan by leading in many non-profit initiatives for the last over 2 decades.
