SquishyQuokka
SquishyQuokka

You raise 1M USD in seed capital, what is the first thing that you will do with it?

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23mo ago
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GoofyDonut
GoofyDonut

BMW bikes and Dubai trip for employees?

SquishyQuokka
SquishyQuokka
Gojek23mo

@potatomato are you my AshneerG, the real Top G? πŸ˜‚πŸ™ŒπŸ»

GoofyDonut
GoofyDonut

Salt and potatoes go well together 🍟

SparklySushi
SparklySushi
Student23mo

Put it in Laxmi chit fund

SquishyQuokka
SquishyQuokka
Gojek23mo

@Eren sadly for you, it will be Mikasa Chit Fund. πŸ˜‚

BubblyCupcake
BubblyCupcake

Pretty sure its Armin

PerkyCupcake
PerkyCupcake

I’ll just be happy that we now have cash to build out a great product :)

Frugality is v imp.

SquishyQuokka
SquishyQuokka
Gojek23mo

Does that imply that the β€œfirst thing” you do is, put a large chunk of money in fixed income securities for inflation risk?

Because, you mention frugality is v imp. And the rest, is used for OpEx then.

JumpyMarshmallow
JumpyMarshmallow
Google23mo

@salt I am surprised how few founders do this. They let surplus money stay in bank instead of some low risk asset that at least beats inflation or more.

PerkySushi
PerkySushi

Well, the first thing to do would be to hire sensible operators who are bright but have been pushed over their lives because they don't fit the societal lens of pedigree or any other nonsense that recruiters/founders follow!

A hands on team built with vision and the hunger to outdo themselves and everyone around them, that's the kind of team with which you win! So definitely going in to build the right team by giving them fair offers and get the ball rolling on building your biz by roping in paying customers rather than senselessly spending money on high end marketing, unnecessary office spaces etc

SquishyQuokka
SquishyQuokka
Gojek23mo

This is a genuine strategy, you find talent that is hungry and vies for the best. Excellent coachability as well.

I like your answer,

WobblyMuffin
WobblyMuffin

Buy Bugatti

SquishyQuokka
SquishyQuokka
Gojek23mo

Unfortunately pura funding nikl jaega isme

WobblyMuffin
WobblyMuffin

Tera pura Ghar chala jainga isme!!

FloatingBagel
FloatingBagel

Remind myself, not everyone is Brian Chesky and most probably my startup will go bust

SquishyQuokka
SquishyQuokka
Gojek23mo

If you ask me?

I will actually buy a bottle of champagne 🍾 for everyone on the team and it is going to be a Formula 1 🏎️ style podium celebration.

DerpyBoba
DerpyBoba
InMobi23mo

Get a bunglow. Set up incubation there. Get few like minded engineers, designers and builders together and hustle.

CosmicLlama
CosmicLlama

Buy a 3bhk...

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