Thursday, May 1, 2008

Words of Wisdom from Ram Shriram

Cross posted from Technofriends.

Ram Shriram, Founding board member of Google and also the founder of Sherpalo Ventures is always a pleasure to listen to. Ram was one of the early investors in Google and therefore is also termed as the Warren Buffet of Internet Business.

In one of the recent interviews to CNBC-TV18, Ram Shriram had the following advice for budding entrepreneurs.
  • Come up with an idea which sounds Value.
  • Get a great team to work with you on this Value rich idea.
  • Follow up with great execution. He says this is the point wherein many teams FAIL.
  • Spice it up with a good business model. Ram also goes on to says that this is secondary.

So in short what Ram says is “Happy End Users lead to Happy Advertisers which in turn directly refers to Revenues and Profits “.

Thanks Ram Shriram for sharing that with us.