Pop Quiz, Monday with Nilesh Thorve

Every day we are helping someone build something new or solve a problem that may help in the advancement of human civilization. That is something that motivates me a lot.

Nilesh Thorve

The Pop Quiz, Monday is a fun little exam that we love to give to savvy business owners. The examination is not a surprise after all since the interviewee already knew about the questions in advance. However, we can always pretend and have fun with the scenario of a young entrepreneur sitting in class nervously biting on their pencil. They are ready to take a pop quiz on a chapter that they were supposed to read the night before. Instead, they played Metroid all night on their SNES (Oops, this was me in high school). The real purpose of the pop quiz is that this is a fun way to introduce business tips from real-world experiences that you can not learn in a classroom. We want to thank our entrepreneur for being a good sport and volunteering their time to answer a few questions to help our community grow from their knowledge.

I want to introduce you to our guest today who will be taking our Pop Quiz Monday.

Can you please tell everyone your name?
Nilesh Thorve

Nilesh Thorve
Photo credit: Nilesh Thorve

What is your job role?
Helping early stage startups build team, product, and product market fit and prepare them for Series A and help funded startups in Scaling Up efficiently

Tell us about your company?
DealBank is building a global Fintech platform basically Angellist on a large scale that helps Entrepreneurs across the world to raise early-stage capital to help matured startups in gravity-defying multibn$ M&As or IPOs. Our goal is to promote Entrepreneurship and support Entrepreneurs across the globe who are solving core problems.

What do you love most about your job?
Myself being a Serial Entrepreneur the fact that with our platform we can support many founders at the critical and most challenging stage of their journey is the most satisfying thing that I love about my job.

What motivates you to get up every day and go to work?
Every day we are helping someone build something new or solve a problem that may help in the advancement of human civilization. That is something that motivates me a lot.

How do your co-workers inspire you?
Learning is a lifelong process, and I learn a lot from my Co-workers. Every team member has a different kind of talent, and the knowledge that happens during the process of working together is an inspiration.

How do you have fun at work (team building, pranks, etc..)?
We are committed, serious and focused organization but I feel that workplace and work you do should be a fun and we do weekly sports events, have daily food together and its a flat organization and have weekly team sports events to build a team culture.

What are some of the challenges of your job?
Helping raise capital for early-stage companies is one of the most challenging things. As we have to connect a lot of moving parts in a strict deadline. But we enjoy it as the outcome after the hard work is often fruitful.

What are some lessons learned from a past project that you can share with us?
Focus, Execution, Dedication and Discipline and Ability to learn new things every day and be flexible as the world is changing every day. Also financial and operational Efficiency is one of the most important things that can make or break any company. These are some of the learning.

What advice would you give to someone who is starting in your industry?
Be focused and be frugal at the start, Be efficient when you start scaling up after receiving initial Pre Series A or Series A. And Success or failure is not a result of competition but your own doing.

Thank you for taking our pop quiz today. You get an A+ for effort. You can learn more about our interviewee and their business by visiting them on the web:

www.dealbank.co
https://twitter.com/dealbankasia?lang=en

Author: Ricky Singh, MBA

Editor of The Startup Growth.

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