Chai with Pabrai Mohnish Pabrai’s keynote address at TiECON Southwest on November 9, 2013
Sep 19, 2024
Mohnish Pabrai, the founder and CEO of Dhandho Funds and author, shares his entrepreneurial journey and commitment to philanthropy. He discusses the challenges of launching startups without venture backing and critiques traditional charity models. Pabrai highlights the transformative work of the Dakshana Foundation, inspired by Anand Kumar's Super 30, which focuses on providing educational opportunities to underprivileged children. His insights encourage a business-oriented approach to philanthropy, aiming to empower scholars and uplift communities.
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Venture Capital Is Often Unnecessary
- Venture-backed startups are less than 0.1% of all startups and can be mostly ignored.
- Most entrepreneurs succeed without chasing venture capital or writing formal plans.
Build Startup Alongside Job
- Use your spare hours outside your day job to quietly grow a startup without quitting your job.
- Avoid pressure from savings and VC chasing by growing your business alongside your day job.
Pabrai's Startup Journey
- Mohnish Pabrai worked on his startup mornings, evenings, and weekends while single and eating subway sandwiches.
- After 10 months, he landed two first clients without external venture capital and resigned his job.