The GST rollout from July 1st, 2017 onwards is among the biggest tax reforms post-independence in 1947. This bold initiative is expected by many to bring about a dramatic change in the Indian economy. Taking the positive view, we believe that Indian startups have a lot to gain post implementation of GST. A greatly streamlined process and a unified tax regime that makes conducting business simpler and easier than before all lie in store. read more
According to empirical data on Indian startups, more than 70% of the start-up companies are doomed to sink just like Titanic. In that scenario, a key risk could become the lack of knowledge about the civil and criminal liabilities of the Indian start-up founder. The StayZilla case, where the founder found himself incarcerated because of what was essentially non-payment of some vendor dues has brought stark attention to this issue. Clearly, neglecting basic government laws carries with it not only a risk to the business but in some specific cases a personal risk to the well-being of the founders and management too. read more
Isn’t it true that ‘Attention’, like fines, is infuriating to pay? It’s one of those things we expect people to pay to us – right?
Among the questions which trouble most entrepreneurs is how to grab the attention of the venture capitalist? Of all those startups that pitch to a VC for funding, less than 2% companies receive the funds from a VC. Clearly, when the mind is preoccupied with valuations, stake caps, ROI, and other factors the decision could swing on the smallest thing. read more