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Abhenav, You are a mid cap stock pick for the industry. You will do very well, I am sure, but not with teething problems along the way Hopefully, the worst is over. We look forward to you scaling greater heights in the future ! All the best
Dear Mr Phatak, the message that has reached you is incorrect. My capital contribution was four times of the other investor. It was a huge price I had to pay for the that bit of capital. Everything of mine was at greater risk. I had quit my job with an MF and started this. I have great regard for the other investor and he has taken a return on his investment. Which is fair for him to get. The lesson learnt was important, do not part with equity too early.
I have a habit of thinking from the other side. It sounded like this " I invested in building in the the brand & business when there was risk of loss of capital, loss of assured returns! Now when the business started reaping good regular & rising profit, I am deprived by paying some lump sum as compensation" Sounds bitter? The fact is the author is not realizing the risk on one part and how could the business reach this level had there been no funds to promote the brand purchase and upgrade technology; on the other!
It very right that hiring of sub optimal people firstly looking low at cost but after time passess it seems to expensive they make loss of precious time, we can make up monetory loss but we can not reverse time only is experience lefts , time is more than thanks for valuable insight
Thank you Abhinav Khettry for sharing this. Good luck.
Abhenavji has to be complemented to getting to his current level, because unlike us the older ones they were bereft of entry loads, did not have good markets to support them, a harsher regulatory environment. These models are stronger to have survived and emerge in the chaos in the environment for the last 6 years, it is interesting to read the above and we need to learn lessons from the young man and tweak our businesses accordingly.
The third last line reminds me of the saying in the military for the infantry - because victory is still measured on foot. Sharing or not sharing equity is an incredibly interesting and complex decision.