[TBC Podcast] Bhavik Vasa - Founders Backing Founders
In this podcast, you will learn how Bhavik Vasa is bound to change the startup funding space in India with India's first Revenue-based Financing company, GetVantage.
Bhavik Vasa is the Founder and CEO of GetVantange - Asia’s leading Revenue Based Financing fintech platform. He is a 2X Founder who has more than a decade of experience in FinTech, Alternative Financing, Digital Payments, Mobile technologies & Startups. Previously he served as a founding team member and Chief Growth Officer at ItzCash and was a Founding Member of Radical Payments and ISTS Worldwide.
Bhavik wanted to revamp the fundraising aspect that every startup goes through and derived an alternative way to ensure growth capital to various startups with his venture GetVantage.
Bytes and Takeaways -
1) In the pursuit of building a business, a startup founder must know the alternative modes of finance available, apart from the usual venture capital funding. Like Revenue-based financing (RBF). And GetVantage is the first company doing and promoting RBF.
2) Identify early trends and solve the problems to build a better business. The basic of every business is an idea that solves a problem, simple or worse. It depends on one’s outlook and perspective on one’s surroundings. An entrepreneur’s trait is to figure out the problem, then coming up with ways to solve it, and then selling the solution.
3) It's not only about what you do. It's all about how you do things. Innovation is the word you’re looking for. It depends on how you apply your creativity and innovate things.
4) Different businesses need different capital so understand what amount of capital suits you. A business plan eases the process and you can get detailed information.
5) People can steal your idea but never an execution so don't step back to take a risk of finding a way to do things. Ideas can be stolen. Always remember this. But don’t get intimidated by this. You will have to share it with people in the beginning stages. This is how you will learn more about your own idea. The idea might get stolen, but no one can steal your execution.
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