Failure Decoded
Failure Decoded
Failure as a Service with Aaquib Hussain, Founding Partner at Freeflow Venture Builders
Aaquib is the Co-founder & Chief Integrator at FreeFlow Venture, an Incubator and Accelerator for startups. Aaquib is an advisor to the prestigious Indian Institute of Management, India and Startup India. He's also a celebrated public speaker and a prominent jury member at various global tech startup events.
In this episode, Aaquib deep dives into his journey as a startup founder who found astounding success really early and how the failure that followed had an impact on the way he approached his subsequent startup ventures and the genesis of his philosophy " Failure as a Service".
Show Notes:
3:22 - Failure as a Service
3:54 - Working for Google, IBM and filing the first patent.
05:18 - Early success is your biggest enemy.
05:44 - Winning Tech conclaves and Tech Crunch and a growing startup.
06:37 - How the company started spiralling, compliance mistakes, bad vendor agreements, discovering cash in the wrong cycles.
07:06 - Government of India approaching Aaquib with a startup proposal called Startup India Yatra.
8:25 - Navigating the post failure phase, building something again, paying off debts and staying afloat.
8:43 - Startup founders have a stubborn trait.
09:54 - Created Plugins and sold it to Byjus, an Indian Edtech Company.
12:35 - Venture Builders and venture studios.
15:33 - Creating 39 tech IPs, 32 marketing IPs, facilitated 43 investment commitments.
17:00 - The experience of working with 10 co-founders.
21:43 - Merging roles of startup founders who wear different hats.
27:35 - Saying no to funding from VCs like Sequoia Capital twice.
31.52 - Smart advice to young entrepreneurs to not take funding until it is actually needed.
34:00 - Work on strengthening your fundamentals.
42:49 - Building the World’s first startup state manager.
43:55 - Aaquib's global projects, working with accelerator partners in the UK and Canada.
50:00 - Words of wisdom: “Knowledge never goes to waste”, keep learning and upgrading your skill set.
Links:
Linkedin FreeFlow Ventures
Aaquib Hussain's Linkedin
FreeFlow Twitter
FreeFlow Facebook
Aaquib's Facebook
Resources provided by Aaquib
Blog: Top 10 Venture Studios for 2022
Enhance Online Startup Map
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