Business

81-Year-Old Tycoon Has A Message For Young Startups, Entrepreneurs

By Ravi Prakash Kumar
Mint, New Delhi

WWR Article Summary (tl;dr) For Ratan Tata, the most essential trait for any entrepreneur is to ‘have a fire in the belly to find an area that is not explored.’

Mint, New Delhi

Ratan Tata, the chairman emeritus of the Tata Group, turned angel investor, has invested in over two dozen startups, including furniture e-tailer Urban Ladder, digital payments app Paytm, ride-hailing company Ola and its electric vehicle arm Ola Electric Mobility.

For the Tata Group patriarch, the one thing which has definitely worked well in his favor while investing in startups is his intuition. Ratan Tata had a few suggestions for young startups, entrepreneurs and investors.

Invest in intuition
As Ratan Tata himself puts it, his inner voice has worked way better than numbers-crunching. “I found in my case that company selection was more by intuition rather than numbers, and by judging on the intent of the founders and their seriousness more than any other factor,” Tata said, explaining the reasons why he chose to invest in certain projects.

The essential traits
For Ratan Tata, the most essential trait for any entrepreneur is to ‘have a fire in the belly to find an area that is not explored’. An entrepreneur must find an opportunity to make a difference. Not only a good and exciting start, but entrepreneurs should also have courage and tenacity to see the fat lady sing.

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