Day: January 7, 2010

Passion and intent

Prasad Ajinkya1 Comment

Bill Watterson to in the commencement speech to his alma matter (Kenyon College), came out with several gems. I wonder how many of them will be retained by the original audience.

An excerpt –

Like many people, I found that what I was chasing wasn’t what I caught. I’ve wanted to be a cartoonist since I was old enough to read cartoons, and I never really thought about cartoons as being a business. It never occurred to me that a comic strip I created would be at the mercy of a bloodsucking corporate parasite called a syndicate, and that I’d be faced with countless ethical decisions masquerading as simple business decisions.

Bill talks about his passion, and how it manifested in different forms during his college years. How the passion overtook him, and then how the business overtook his passion. Without keeping your mind fresh, if you engage with passion, then even you might go through the same experience. The key to it is to play and keep an open mind for different ideas and experiences. So what new did you learn today?

A VC who nurtures entrepreneurs

Prasad AjinkyaLeave a comment

Just read this on the Wall Street journal, that there is a venture fund by the name of Pacific Lake Partners who actively seek out young entrepreneurs, give them enough money to scout around for the right organization to takeover. Then help them acquire that organization for a healthy return.

You can read the rest of the article here. An excerpt –

Pacific Lake will provide between $300,000 and $500,000 to entrepreneurs to cover living and travel expenses for two years while they search for a business opportunity – generally an established business with revenue between $10 million and $30 million. There’s no sector focus; it all depends on the opportunity the entrepreneur finds.

It feels good to know that there is a venture fund who values someone who can not only boot strap an organization but take on an already running organization and turn it around. This is the stuff of what legends are made up of. All of the awe-inspiring case studies that we used read in our b-schools have suddenly come real. I wonder if any VC or angel investor follows a similar policy in India. As a developing economy, we need increasing number of such folks.