Want to join the Eat My News's global community? Here is an opportunity to join the Board of Young Leaders Program by Eat My News. Click here to know more: bit.ly/boardofyoungleaders
1. Tell us more about your company and your journey.
Faad Network is recognized as a leading
Member based Investor Network hand holding early stage startups. Our team is
made up of seasoned Investors and experienced entrepreneurs from a variety of
backgrounds and disciplines, who collaborate with partners to help foster
innovative ideas into successful businesses.
My journey started at 17, when I was part of
a company which we had sold off to a private group of Investors. That gave me
the experience of how companies can be built and grown over time. When I
entered college, I decided to intern at Faad. My job was to read about Startups
in various reports and documentations day in and day out.
That’s where the Entrepreneurial bug bit me
and I decided to explore this field and make it my profession. I had a passion
to reach poor kids so I did that through my campaign Education Yatra – which
fetched me Microsoft Top 15 Change maker in the country, Parliament Award, Duke
of Edinburgh Award, United Nations Volunteer Award amidst a bunch of others. I
grew from an intern to CEO of an Investment firm by the time I had reached 21.
I haven’t looked back since then. I have found my passion in helping
other young entrepreneurs start their journey which I do through my guest
lectures, seminars, government assignments etc. Within 3 years, I have spoken
at 140+ such events all across the globe.
2. How did you come up with this idea and go about
executing it?
Faad was started as a one stop solution to
all entrepreneurial needs. We realized that Sustaining and scaling startups is
difficult in India due to the dearth of resources and help available. We did
that at scale, doing about 50+ events in 6 different cities of India, working
with 120+ startups and meeting 90+ Investors.
Later we realized how important it is to find
your core competency among various needs that startups might have. In 2018. We
found ours in Early Stage Startup Investment and till date we have 9 portfolio
companies in the kitty.
3. What has been your biggest challenge that you faced and how did you overcome that?
I did not come from a traditional Investment/
VC background. Hence, learning everything from scratch and that too along with
your college and social campaigns was a challenge. Leading a company at 19 is a
story of challenge which I can’t describe in words.
I overcame that by putting in those extra
hours, taking responsibility of my work and being patient while learning and
executing things.
4. What do you think are the most important qualities of a successful entrepreneur?
A successful entrepreneur takes calculated risks to find abnormal opportunities for that risk. They are not only calm and patient, but aggressive and resilient in their approach. They will fly with wings on their way down.
5. What are some of the most important factors for running a
successful business?
I believe the most important attribute is
Clarity. Clarity of the market you are in, industry domain you operate
and most importantly your thoughts on how to scale this and beat the
competition. Marrying your business is brilliant but being obsessed about it is
not. You should be dynamic to adapt to changing landscapes accordingly.
6. What are your tips for first time and aspiring entrepreneurs?
Age is just a number and it is always
relative. The sooner you start, the better it is so that you have to time to
fail, learn and fail again. I started my journey at 17, never realizing would
come this far by 22. So, definitely everyone can make a change. Not everyone
can be an Entrepreneur, but how would you know without giving it a shot?
Get in the ring and see for yourself. Put up
a fight and even if you lose, you won’t lose out on the fun and learning along.
7. How can one overcome a hurdle of lack of funds when starting up?
Most enterprises bootstrap their ventures
through influx of internal capital to begin with. Raise money through friends/
family or an incubator if you don’t have that much influx of capital and need
more guidance on your business early on.
With early stage traction and when the
product is market operational, then Angel Investors come into the picture where
you raise funds for short term livability and further long term scale.
Social