Today's Entrepreneur

1528

Today's Entrepreneur: Vijay Nadkarni

No.1 mistake: Not having a solid revenue model

Innovation series by Kristin Karaoglu
November 5, 2012
Short URL: http://vator.tv/n/2b6f

Today's Entrepreneur is Vijay Nadkarni, founder and CEO of Mobiplex. According to his VEQ, Vijay is good at product management, fund raising and technology design.

 Vator’s community is the home to entrepreneurs who embrace their passion and follow their dreams. Our profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.

These profiles give entrepreneurs an opportunity to showcase themselves and tell their story. So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entrepreneur, we'd like to hear from you.


I am a(n):
Entrepreneur

Companies I've founded or co-founded:
Mobiplex Inc., Wellcore, Veraz Networks, ipverse, Perceptronix

Startups I worked for:
Mobiplex Inc., Wellcore, Veraz Networks, ipVerse, Perceptronix

If you are an entrepreneur, why?
I want to invent something cool.

My favorite startups:
GoPro, Square, LinkedIn

What's most frustrating and rewarding about entrepreneurship/innovation?
The markets change quickly. At some point down the road, you often times find that the market opportunity is not exactly what you expected. Frustrating as that might be, to succeed, you must have the ability to quickly adapt and evolve the business model. The rapid change and the myriad cycles one encounters during a startup's life, is for me, what keeps it exciting and interesting. Any startup will have many opportunities to fall off of the cliff and the biggest reward comes when you can make it work. It's all about the journey and making sure that you have the knowledge and confidence needed to successfully deal with whatever comes your way.

What's the No. 1 mistake entrepreneurs make?
They don't have a solid revenue model. You can have fantastic technology and a terrific team, but if you can't make money, then it doesn't matter.

What are the top three lessons you've learned as an entrepreneur?
Quality of the team matters – many people pick their friends or family for the management team. This can be a huge mistake if they aren't truly the best people to ensure success.

Not being flexible enough, knowing how to adapt. Acquired knowledge is something that one can learn. Fortitude, thinking on ones feet and being creative to develop solutions and deal with the myriad issues that arise.

Don't go to the VC's too early in the game. For many startups, this is the only way to raise initial funding. In my experience however, I've learned that it's better to build the early successes on your own.

(Want to be profiled? Just fill out your Vator profile and we'll find you! Or you can email newsroom@vator.tv)


Related companies, investors and entrepreneurs

12368
Mobiplex Inc.
Startup/Business
Description: Mobiplex is a revolutionary venture specializing in mobile and wireless sports performance technology, based on miniature wireless sensor...
Bio: I am a serial entrepreneur, engineer and inventor that currently holds nine patents in voice, data, wireless, motion sensing an...

Related news

Get-listed-300x250

Featured Stories

Mbp-300x250

Other episodes of this series

Today's Entrepreneur: Dan Donovan

170303212756148

Today's Entrepreneur

by Mitos Suson
No. 1 Mistake: Not seeking external (user) feedback and storming forward to a solution

Today's Entrepreneur: Victor Chapela

18700

Today's Entrepreneur

by Mitos Suson
No. 1 Mistake: Focus too narrowly on the part of the puzzle they feel most competent at

Today's Entrepreneur: Pascal Zuta

170224132834595

Today's Entrepreneur

by Mitos Suson
No. 1 Mistake: Build companies around too small problems

Today's Entrepreneur: Shai Rozen

145786

Today's Entrepreneur

by Melissa Karr
Why: I just can't sit still and fix what I believe needs to be improved in the world

Today's Entrepreneur: Julien Delpech

170222215734819

Today's Entrepreneur

by Melissa Karr
No. 1 mistake: New entrepreneurs are not prudent enough when they build their first Business Plans
Get-listed-300x250