After making a smashing debut on Instagram, Industrialist Ratan Tata, 81, has shared a message for young start-ups and entrepreneurs who look up to him as an idol. Tata, the former chairman of the Tata Group, as been playing an instrumental role in shaping a new generation and has also turned angel investor. He has invested in some of the leading start-ups like Urban Ladder, Paytm, Ola etc. “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, suggesting to entrepreneurs and investors, Livemint reported.
There are budding start-up owners who have decided to scale up and raise fund but consider it a daunting task. So what's the most essential trait for an entrepreneur? Giving an advice for them, he says “the drive to start something new, the fire in the belly, a better way to do something that is being done or a good opportunity to undertake all to make a difference... and above all the courage and tenacity to see it through, be it good or bad, and yet make it happen are the hallmarks I look forward in entrepreneurs.”
Key Takeaways:
- Ratan Tata made his debut on Instagram on Wednesday. He posted first picture with the caption: “I am so excited to join all of you on Instagram! After a long absence from public life, I look forward to exchanging stories and creating something special with such a diverse community.”
- Sharing his advice with young entrepreneurs, the industrialist says, “the drive to start something new, the fire in the belly,” is what he looks forward to while investing.
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Talking about his debut on Instagram on Wednesday, his caption read: “I don't know about breaking the Internet, but I am so excited to join all of you on Instagram! After a long absence from public life, I look forward to exchanging stories and creating something special with such a diverse community.” He further wrote about his post retirement investments, he explains, “When I retired I was free from it and I started making small token investments from my own pocket in what I considered to be exciting companies. So, what I did was to take some more risks than I might have taken under different circumstances. With two-three years into this, it became a learning experience, as this sector is very active and have the best minds.”
“After all Indians are entrepreneurs at heart. What we need is opportunity to flourish. And I think start-ups are doing just that. I wish them all success,” Tata says
Also Read: Raising your first round of funding as a woman entrepreneur
Tata made his debut on Instagram on Wednesday. His wrote that he didn't know if he was breaking the Internet, but was excited to join Instagram after a long absence from public life. And that he looked forward to exchanging ideas and stories.
“The excitement of being in new areas, participating in something that has not been done is the most exciting and absorbing thing. This is something I am looking forward to in the coming years,” says Tata.
Also Read: Women-Led Startups Ratan Tata Invested In
Feature Image Credit: Instagram/Ratan Tata
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