Prashant Pansare is the Co-Founder of Eagle10 Ventures, Seed Stage Fund investing $150,000 to $450,000 as the first external check in the startup.

Eagle10 has invested in 6 startups which include TravelSpice, Zestl, Pi Beam Labs, Mate Labs, Net Analytics.

Prashant has been founder of Playerify, Online Prasad, Medissist.

Excerpt from the podcast

Prashant’s 5 favourite mistakes from his entrepreneurial journey:

1. When we were building Playerify, we kept on building for considerable amount of time. We should have shipped a lot faster, we should have iterated lot often. Key thing that I have learned the hard way is that iterate faster, make mistakes.

2. Being overworked as an Entrepreneur. Most of the entrepreneurs think that they need to keep clocking the hours. But I learned the hard way that it is important to take a pause. Moment of reflection really helps to see, to reassess. “Even Ferrari takes a pitstop”.

3. I have made tons of mistakes in hiring and not hired the best way in my earlier journeys. You need to always hire the people who are committed to your vision. People who come with a short term vision of may be making quick money or not understanding your vision, they usually fall apart first. They don’t contribute to you as meaningfully as you would expect.

4. One thing I didn’t do really well earlier, which I picked up in 4th year, is peer to peer learning. You need to talk to more founders, share yours and listen to their challenges and not build in silos.

5. Not just go for your passion. Most of the entrepreneurs tend to start their journeys with something they are extremely passionate but it may not be a business worthy idea. Passion is something you really love but is the market large enough. Because what you are doing if doesn’t have a wider acceptance, it’s really hard to build a large company even to be self sustainable forget about raising venture capital.

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