{"id":1020,"date":"2011-04-28T19:09:08","date_gmt":"2011-04-28T13:39:08","guid":{"rendered":"http:\/\/www.khaitan.org\/blog\/?p=1020"},"modified":"2011-04-28T19:14:23","modified_gmt":"2011-04-28T13:44:23","slug":"e-o-e","status":"publish","type":"post","link":"https:\/\/www.khaitan.org\/blog\/2011\/04\/e-o-e\/","title":{"rendered":"E. & O.E."},"content":{"rendered":"

Those are the three words you will find in a restaurant bill. Errors & Omissions Expected. Good acronym for trivia buffs.<\/p>\n

\"Fast<\/p>\n

E.O.E. These 3 words were uttered to me by an entrepreneur, whom I bought a cup of coffee. He was apologetic when I told him that’s not the way to do things and he should be building a company to scale and reach milestones–not built to flip. I narrated some tid-bits of the cover<\/a> story done by Fast Company magazine which was prophetic and foretold the dot com meltdown which happened months after that article was published.<\/p>\n

Agreed that there is more money than ever flowing in India in certain sectors and raising angel money is easier than before. However, chasing the sectors which are attracting a lot of attention is wrong way to bet things (His logic for betting on those sectors–It may be easier to raise money).<\/p>\n

Unfortunately, a lot of entrepreneurs in India are reading too much into the Silicon Valley funding & exit fire hose, which makes sense only in the valley because of the reasons we know. India is still a parched land in terms of high-tech early stage money; only 5% of total PE\/VC is in Angel + Series A + Series B. Furthermore, of that pool a very small percentage is for Pre-Series A deals. India’s early-stage money is FFI (Funnel funnily inverted or Fully f**** inside-out). Think about it. Do you still want to be an Exit Oriented Entrepreneur<\/em>?<\/p>\n

[Interestingly, @brij and I exchanged<\/a> tweets on this topic<\/a> yesterday morning related to @cdixon’s post<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Those are the three words you will find in a restaurant bill. Errors & Omissions Expected. Good acronym for trivia buffs. E.O.E. These 3 words were uttered to me by an entrepreneur, whom I bought a cup of coffee. He was apologetic when I told him that’s not the way to do things and he […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[151],"tags":[336,305],"_links":{"self":[{"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/posts\/1020"}],"collection":[{"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/comments?post=1020"}],"version-history":[{"count":6,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/posts\/1020\/revisions"}],"predecessor-version":[{"id":1025,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/posts\/1020\/revisions\/1025"}],"wp:attachment":[{"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/media?parent=1020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/categories?post=1020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khaitan.org\/blog\/wp-json\/wp\/v2\/tags?post=1020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}