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'Founders go through falls, not failures': Rahul Chandra on entrepreneurship and success
- Rahul Chandra, MD at Arkam Ventures, has launched a book titled Tightrope to the Moon that unravels the mindset of successful founders. Chandra believes that founding a company requires immense energy, and lists specific behaviours that can lead to success when exhibited in a pattern. One of the biggest challenges faced by the founders is that of managing daily burn and sustaining relationships. He states that founders who remain grounded credit luck to a greater degree than those who are on a journey towards arrogance. By building products in a 500 million consumer space, startups can cater to those wanting to take their first few steps in the market.
- Having met over 3,000 founders in 25 years, Chandra believes that the journey of a founder can last from 10 to 15 years and requires a marathon mindset.
- According to him, founders go through falls and not failures. He emphasises that founders should be mindful of access, and build products in a 500 million consumer space.
- Smallcase and JAR are two examples that Chandra cites as being well-suited to the unserved Indian market. Smallcase's front end simplicty allows new users to easily adopt it, while JAR nudges you to save, regardless of how much money you have.
- Chandra believes that luck plays a key role in a start-up's success, but it is also important for founders to acknowledge the same in order to stay grounded.
- Chandra's book is aimed at being a handbook and companion to founders on their journey. The book was launched at YourStory’s flagship summit TechSparks 2024 in Bengaluru.
- At Arkam, Chandra's focus is centred around 'middle India' and aims to provide better access to financial services and products to the 500 million unserved Indians who are taking their first steps in financial planning.
- Founders should be mindful of access and build products in a 500 million consumer space. Simplification of the complexity behind products is also needed for widepsread adoption.
- Smallcase and JAR are two examples that Chandra cites as being successful for serving the unserved indian market, Smallcase's front end simplicty allows new users to easily adopt and JAR nudges you to save, regardless of how much money you have.
- Chandra believes that the fact that founders go through falls and not failures as a permanent feature of start-ups is a learning experience that should be adapted by everyone.
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