Naveen Tewari, Founder & CEO of InMobi, shares entrepreneurial insights
Here's all the entrepreneurial motivation and guidance you need, right from the horse's mouth. InMobi, a leading advertising platform, has been through various stages both high and low. Despite tough times, its founder and CEO, Naveen Tewari never lost the spark to keep moving ahead. In his recent podcast with X-Unicorns, the man shares some really useful tips for all budding entrepreneurs.
Tewari is an alumnus of IIT Kanpur, Harvard Business School
Naveen Tewari is the CEO and founder of InMobi Group, which is the parent company of Glance and Roposo. He founded it in 2008 after graduating from IIT Kanpur and Harvard Business School. Additionally, he has invested in several start-ups including Razorpay, NestAway, Springboard, Mettl, Klub, Factors.ai, Bright Money, Bombay Canteen, along with serving as a board member at Paytm.
Creation and inspiration shouldn't stop even after hitting a low
Creation and inspiration are two important things for an entrepreneur. "There was a time when I was at McKinsey where I used to work for Reliance. I would watch Ambani build his telecom empire," shares Tewari. "I saw that even somebody like him, would have a low day and a high day and, he would still chug along and create something," he says.
Transactional relationships don't build trust
Tewari says that it's important to develop a culture where your ex-employees keep coming back to you or keep you in their good books. "Transactional relationships are not what builds trust," he says. "You want to have people in places where they realize that this is the place that treats me with respect, gives me the trust, cares for me," he adds.
Your fundraise needs to be a lot more thoughtful
"Your fundraising needs to be more thoughtful because free money is not there anymore. The big players who would just pump in money for whatever reason aren't there anymore. You can read the news and almost all of them have just wiped out," reveals Tewari. "Just raise less amount of money to solve basic some of these things," he adds.
Avoid rapid growth because businesses aren't built to be sold
"Businesses are not built to be sold. Firstly, they should be built to last," shares Tewari. "You can't just say, hey, let me just grow the business like overnight and, let me just do everything to just be the only player in the market, get a hundred percent market share or winner take all. None of that is true," he further adds.
