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hello
Welcome to  Megabucks
shashank dixit
I
am the reason why you’re here
Co-Founded Megabucks Once
During my days in IIT Kanpur
I
 
But this is not
about me
Its about  you  guys
About Entrepreneurship
(hard to spell)
(harder to do)
We’re here because of you
This whole program
is about you
Why
are
you
guys
important ?
What’s Megabucks
and what can you learn
from us
Entrepreneurs build countries
India of tomorrow
Will be built by you
Not Politicians
Not Social Workers
Not the IAS officers
But you guys
The Entrepreneurs
You guys
Create Jobs
Create Opportunities
Build something out of nothing
Entrepreneurs are today’s
Gold Mines
Entrepreneurs create Value
Value from scratch
Infosys
[May peace be upon NRN]
Infosys creates jobs for 100k people
Direct Jobs
High Paying Jobs
100k Refrigrators
and Televisions
And Shoes
And Clothing
And Cars
One Lakh Tax Payers
They Fuel the economy
Directly affecting a million people
Indirectly - ten times as much
Infosys affects
~1% of India
7 Entrepreneurs
How did they do it ?
because
they
dared to try
1st Lesson
10 Lessons
I wish to share
today
do 1
take the plunge
cut the ***
get on your feet
No theory
No Degree
No MBA
can teach you
unless you try.
ideas 2
the  best ideas  are the  simplest
execution matters.
 
So what does Google do ?
Keep your eyes open
Look for opportunities
do a lot of things.
unrelated things.
Dive deep into data, then trust your gut Andy Grove
Be a doer
not just a dreamer
see. learn. do.
for things you can’t do
get others to do it
together with you
not for you
team 3
friends.  business partners.
team wins.
make a team.
with your friends.
work with friends.
make sure
friends  >  money
greed team fails.
I’ve known my  co-founders
since
class I.
3 of us are together since childhood.
great team trap 4
Smart people are the dumbest
avoid
great-team trap
avoid
too smart people.
don’t try to
assemble the best.
you got to be a little
dumb
to not quit
work together
if you know each other
not because the other person
is smart. or cool.
or because you
want
to make truckloads
of money.
work with friends
not all friends are smart
but they’ll stand by you
when you will need them
the most.
value loyalty and honesty
over smartness
its  good  to be  smart as long as you know  there are  smarter   people out there
risk 5
risk your own
Never expect someone else to risk
on you
unless you risk it all
and prove yourself
when it comes to risk
lead from front
<insert obvious beaten-to-death reference to  risk vs rewards>
investment 6
your first investor
should be your customer
+ 7
the power of prayer
nah, just kiddin
it is optimism
who’s the poorest of all?
a person who loses all  hope
Develop Positive Stamina
there will be bad times
horrible times
<insert personal horrible tale here :) >
 
develop natural endurance towards
pessimism
never quit
Many of life's failures are people who did not realize
how close they were to  success   when they gave up.
 
network, networth 8
you are the  average   of the sum total of all  the people you know
meet a lot of people
meet a lot of  smart  people
listen.
learn from them
learn from history
learn about your industry
never trust the  media   to tell the truth
reading about   richard branson  doesn’t equate to knowing him
Infact, DO NOT  read  hagiographies at all
thinking big 9
scaling up
trust people
to not deliver
when it comes to thinking big
you got to
think big. execute. rinse. repeat.
push yourself
and lastly 10
the ‘nevers’
never burn your bridges
never take yourself too seriously
never give up
never let other people pull you down
never believe the good stuff either
never leave the details
the devil lies therein
never complain.
Alright, that’s it.
Questions ?
 
[email_address]

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