Self confessed serial entrepreneur and Executive Vice President of the National Entrepreneurship Network (NEN), Mr Sashi Chimala visited IIM Bangalore on Friday, 18th September 2015 to interact with an excited crowd of budding entrepreneurs and students. As the keynote speaker, at the Entrepreneurship Enposium organized by the Entrepreneurship & Innovation Cell (ENI) – IIM Banaglore, Mr. Chimala shared his own story and the learnings with the audience.
He narrated how he started his entrepreneurial journey at a young age by selling coffee made through neem leaves and how that bitter sweet failure hooked him onto entrepreneurship. He said, “Entrepreneurship is not only about making money, it also helps you create an impact”. While in college, he started his second venture just to win a bet made with a friend. He created a course on cartooning and started earning a little money on side from this venture. But the realization of impact came later when one day he met a paraplegic man who had used his course. He told Mr. Chimala that the course had enabled him to draw using his only hand and he was now published!
“When you are possessed with an idea, you will make it happen. That’s the power of human brain.”
– Sashi Chimala
Mr Chimala believes that the best ideas are just on the right side of impossible. He remarked that the best type of industries started when there were no government laws to meddle with them. Emphasizing the importance of disruptive innovation he advised the new age entrepreneurs to find new ways to look at the world. He opined that eventually every traditional industry will get disrupted as the present set of ideas and things slowly get commoditized. Citing examples of Khan Academy and Whatsapp he explained how removal of a physical layer and free internet based services have led the latest trends in disruptive innovation.
Mr Chimala also commented on the exciting new wave of reverse brain drain as India is quickly emerging as the hotspot of entrepreneurship. With the latest technology, the competition is getting tougher and thus information is no longer a privilege, knowledge is. Commenting on the start-up scene gaining further momentum, Mr. Chimala signed off by saying – “In a world that is constantly innovating, better execution is the only key to survival.”