Surviving the Meltdown (Lessons & Learning’s - a Panel Discussion)

Posted by Paritosh Sharma
at January 30, 2009
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We now move ahead to the panel discussion “Surviving the Meltdown” with the following panel: panel discussion Alok starts with an interesting example, pumping in life in the room, which wears a look, which is not comforting, but as I see it, well that’s the opportunity for entrepreneurs today. Alok is now initiating the discussion by introducing himself, and he’s been there on the internet scene for almost a decade now. Alok emphasizes on creating the right community.
“we don’t hire anybody because you are getting more cash”
We now have Sashi Reddi, well I know Shashi, since some time now, always good to listen to him.
Sashi shares his lessons, “ the downturn exposes the bad business model”
Interesting comment Sashi. Downturn does come with a blessing. You get out before you get sunk too much inside.
  1. Invest in more sales and marketing
  2. Silicon india are though an online company, but they have gone offline from online, which is really working , something that I really like about them
Now we have, Dinesh from Indiamart Dinesh starts by giving a presentation and introducing Indiamart to the audience.
India Mart TiE - Winning In A Downturn 300109
View more presentations from Omshare Community. (tags: dinesh agarwal)
A 3 pointer exercise to survive and grow and become strong:
  1. Made itself financially stable
    • Seized hiring and reviews
  2. Enhanced focus on core competencies
    • Divested all non core products
  3. Overtook competition
    • Re-developed and launched targeted products
    • Explored newer markets
“Just these three pointers made us from just an OK kind of a company to a very better company in the long run”
Our strategy would again be the same, and we would look at the sizeable market. Hitesh Oberoi now starts, he’s the COO for Infoedge, started as head of sales and marketing with the company. Hitesh starts with a joke, and yep, the room is back to a smile. He puts an accurate point that is nobody can tell you what your company should do and hence I’ll share what we have done.
Hitesh Oberoi (COO InfoEdge) Managing In A Slowdown
View more presentations from Omshare Community. (tags: hitesh oberoi)
With businesses like Naukri.com, 99acres.com, Jeevansathi.com, Hitesh does have enough examples to share along. When we were a startup we were only into the recruitment business, and 2003 was actually when we broke even and started making money again. “we never saw a slowdown, because, we were still growing”, I don’t think our revenue never slowed down ever” When we had just raised 7 crores, we got a call from rediff, and we did take a good call, in not putting up a link on the rediff home page. Hitesh starts discussing his revenues. We were completely focused on one business. There are many many differences between the last slowdown and this slowdown: Last slowdown was good for naukri and this one will be good for the other businesses that we have.
“its very important to get your people right into sales”
Hitesh is sharing some real nice insights! You need to have your people right! Hitesh pumps in his talk with solid examples. Alok from Canaan now shoots his shots at the panel out of which some really interesting insights have emerged out. The panel has real thought provoking answers and Alok has very smartly summed up the entire panel discussion in short and simple words. For the participants, well Alok’s questions are quite a thirst quencher :) The entire panel discussion is turning out to be a great session!SocialTwist Tell-a-Friend
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