Startup Leadership
What is the best way to prepare for starting your own company?
According to Kai-Fu Lee, the best preparation for entrepreneurship isn't immediately starting your own company after graduation. Instead, he strongly recommends joining a small startup (under 100 people) for at least two years. This experience allows you to learn multiple roles, understand business models, develop soft skills, and observe leadership firsthand. Unlike large corporations where employees often get pigeonholed into narrow roles, small companies provide comprehensive entrepreneurial training as you'll participate in various aspects of the business. Lee warns that 99% of people who start companies too early fail because they lack the necessary experience. By spending time in an existing startup, your likelihood of success dramatically increases when you eventually launch your own venture.
Watch clip answer (02:55m)
MBZUAI
01:16:08 - 01:19:03
How has Oil India supported Ripan's green mobility startup Hope and Innovations?
Oil India has played a crucial supporting role in Ripan's startup Hope and Innovations, which focuses on green mobility solutions, particularly solar-powered vehicles. As highlighted during the India Energy Week held at Yashobhoomi in New Delhi, this strategic partnership has enabled the recent launch of sustainable transportation initiatives. The collaboration continues to drive innovation in the energy and transportation sectors, helping the startup overcome challenges in developing eco-friendly mobility solutions. This partnership represents how traditional energy companies can facilitate the transition to sustainable energy solutions in India.
Watch clip answer (00:05m)
WION
01:00 - 01:06
How did Ripan begin his journey in green mobility with his startup?
Ripan, the founder of Hope and Innovations, began his journey in green mobility by modifying a lightweight handicap cycle. He started with a basic three-wheeler cycle, which he then transformed by integrating solar panels to create a sustainable transportation solution. This initial innovation served as the foundation for his startup's development of more advanced prototypes. Under the support of Oil India's SNEH startup program, Ripan has continued to evolve his designs for efficiency and sustainability, ultimately creating running prototypes suitable for use in oil fields.
Watch clip answer (00:12m)WION
01:06 - 01:18