“…there’s a burn to build a product, then you need the best of people working on the product and therefore there’s a burn to get the best of people, right. You need the smartest minds to be creating something like this. And the third then is to own the mind space, a brand. Promote your brand in such a large country, with such a large population, you again need to burn money…”
Meet Pranav Chaturvedi, an entrepreneur who helps other entrepreneurs build their ventures through a unique Digitisation, Digitalisation and Digital Transformation venture building company called Favcy. I have known Pranav since 2014, when I started working with Pratham Test Prep and Ankit Kapoor. Favcy is a culmination of Pranav’s experiences in building start-ups in the Indian eco-system. Pranav is an alumnus of Shaheed Sukhdev College of Business Studies, Delhi University.
Pranav and I keep discussing startup ideas and the ecosystem in general and this conversation is a good summary of such chats.
He appeared in Episode 15 of Season 2 talking about Venture Building in India
Listen to an excerpt from the conversation here:
You can watch the video below.