Lessons I Learnt From My First Venture

Bangalore: The first venture is very special to an entrepreneur. Apart from many unforgettable memories, it provides a lot of learning opportunities to them, which come in handy during the next ventures. A first time entrepreneur, owing to a lack of expertise in many spheres is bound to make many mistakes. The mistakes made during the first venture are what makes a serial entrepreneur more cautious and knowledgeable in future. In a candid chat with siliconindia, few serial entrepreneurs share their insights on the interesting lessons their first venture taught them.

Anshuman Bapna, CEO & Co-Founder, mygola.com

 “My first venture was righthalf.com, a platform to publish digital creative content that we would aggregate for publishers. What I learnt was how important the co-founder relationship is and power of a great team, regardless of how clear the eventual business vision was on the first day.”

As any first time entrepreneur, Bapna confesses to having made tons of mistakes, which made him more cautious in the second venture. He feels that one should make sure that the chemistry and understanding between the core team is rock solid. The co-founder relation is like a marriage, in which one has to understand, love, and support the other to make it through the rough times. Also, one should always have a backup plan, or a Plan B, be it hiring, selling, acquisition.

Anshuman Bapna is the CEO & Co-Founder of mygola.com, an online travel planning service portal. Prior to founding mygola, Bapna had founded Democracy Connect and RightHalf Software.