Exactly one year from today, we were three people sitting at the archaic Indian Coffee House, in Connaught Place, mulling over hot coffee in the chilly winters of Delhi, on an idea. The coffee, The winters, the inexperienced founders, its all too nostalgic. We are glad its no more an idea but a fully functional platform known today as Inc42.
Today we’ve grown to a team of over 10 people, sitting out of our office in East Delhi, and hiring rapidly! 2014 has been an amazing year for us — a year of incredible highs (incredible lows too) & immense learning.
Running a media company has been a very different kind of experience from a product or a service company. We’ve made a lot of friends as well as enemies. We’ve, hopefully, built out a small following of loyal readers and well wishers with our rhetoric, who’ve supported us along the way.
The Stereotype – Fundraising
With media being a sensitive business, revenues don’t come in easily, even if you are doing pretty well (Media = Pageviews, which we do not agree upon), so we thought of raising some funds so that we can continue our journey and grow without being dependent on external factors.
When we started seeking funds, most of the Janta (investors, VC’s, Startups, Accelerators and all else) professed that it is possible for man to reach the SUN, but you being a six month old media company and with no IITian co-founders and almost negligible revenue and of course minimalistic pageviews, will never be able to raise money.
Well, we listened to them, pondered over it and then ignored it. We are thankfull to some amazing friends who connected us to some amazing investors who do not care about returns, or pageviews, or revenues, or the team’s pedigree. Well, they shared our vision and trusted us enough to invest in us.