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Episode 15 / June 7, 2019

Amit Somani, Prime Venture Partners

hr min

Episode 15 / June 7, 2019

Amit Somani, Prime Venture Partners

hr min

About the Episode

 

 

 

Amit Somani is Managing Partner, Prime Venture Partners, an early stage fund investing in Technology startups in India.
Amit previously was Chief Product Officer at MakeMyTrip, which went IPO in 2010. Before MakeMyTrip Amit was Head of Product at Google India.
Few notable quotes from Amit Somani at 100x Entrepreneur podcast:
1. “Came back to India in 2007 from Silicon Valley when I though India was a really really tall building and I am getting in the ground floor. Now 11 years later now I still feel India is going to be a really really tall building but hopefully we have now come onto the second floor.”

2. “Every 10 years people should take a year off on a self-imposed sabbatical or jobbatical. Take that time for self discovery, take that time to find yourself, take that time to learn about what else is happening.

3. There is Alvin Tofler who is this futurist has this beautiful quote, that people who are going to succeed in 21st century are not going to be the gyanis or the wise people. It’s the people who have the ability to unlearn, re-learn, learn all the time because you are seeing new situations all the time.

4. Number 1 reason for startup success is not market, not team, not the product, nor some bell and whistle feature but TIMING. And you can’t predict it as an entrepreneur.

5. If you have tailwinds behind your back, or timing is right or market is ready for your solution that is often the big difference between the companies that really break out and those that don’t.

6. So really timing and getting some wind or current behind your back so you can get velocity that is often the predictor between the 100x startups and the 3-5x startups

7. I have mantra called MEDS – Meditation, Exercise, Diet or Nutrition and Sleep. I try to follow daily all of those and recommend the same to all entrepreneurs because entrepreneurship is a marathon and not a sprint.

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