If you are an entrepreneur and looking forward to receive a handsome investment for your million-dollar idea, from Ratan Tata, here are the points that’ll help you do that. Recently in an interview, Ratan Tata reveals the strategy he follows to judge an startup based on several points. Here are the key points:
Are you an entreprenuer looking for an investment from none other than Ratan Tata? Here’s his checklist
Posted by Shereen Bhan on Wednesday, January 6, 2016
The Concept of the Startup
According to Ratan Tata the concept behind the startup is the foremost thing that excites him. It is obvious that it is the concept and the type of service that helps in predicting the future or success of the startup. If you have an interesting startup, you surely will grab Ratan Tata’s attention.
First Impression of the founders
Secondly, it is the first impression of the founders or the team of the startup that he considers the most. The founders who are in for the short term business or lack passion for their ideas and the long term approach are less likely to get a penny out of him. The founders should be very clear of what they are doing and what impact will it be having on their startup.
Even if your business is “not as sexy”
Thirdly, if your business appears to be less appealing or “not sexy” to other investors, but it has a calibre stand aloof, Ratan Tata is open to such investments. He does not judge the startup from others’ point of view. He has got his own opinion and chooses to believe in it!
A Supportive Team
The founders and the team of the startup should be supportive. A company cannot run effectively single handed, a proper influential support should prevail.
Leadership Qualities
One of the essential quality that the founders should possess is that of the leadership. It is only the time of crisis that the capabilities of a true leader can be observed. The founder should know how to plan for such crisis and have an effective solution to it beforehand. It is only through true dedication and leadership qualities, can a startup achieve a handsome amount from Ratan Tata.