Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our recent articles. Share these gems and insights from the TechSparks speakers with your colleagues and networks, and check back to the original articles for more insights.

In Part IV of our special collection of quotes from YourStory’s TechSparks 2020 coverage, we present insights on the roles and responsibilities of founders (see Part II and Part III) as well). Check out our earlier quotes compilations from conference editions in 2019, 2018, 2017, 2016, 2015, and 2014.

See also our compilation of quotes from the top Tech30 startup founders of 2020, and profiles of the Tech30 startups over the years: 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, and 2011.

When you become the first to break the code, you also become the reference. – Chef Vikas Khanna

When you’re category-defining, you’ve to see if you’re helping shape an ecosystem. – Shailendra Singh, Sequoia Capital

We have to develop knowledge, and humility is absolutely essential for that. – Sridhar Vembu, Zoho

Clarity of thought is as important or even more important than performance today – and it has to be well articulated too. – Anu Hariharan, Y Combinator

A lot of tech entrepreneurs get so involved in algorithms and science…it is all very important, but we need to focus on what you present to the world. – Rajashree R, TCS

The narrative strikes a chord on the other side. It has to come from the heart and has to mix with the substance of your business plan effortlessly – so that it becomes a part of you. – Anup Jain, Orios Venture Partners

Good startup founders are good storytellers. Unless you have a good story, you won’t be able to pique any interests. – Saurabh Jain, Paytm

If you look at companies with the best culture in the world, they have a history of treating their employees the same way as their customers. – Anoop Suresh, Springworks

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Although the number of women-founded and co-founded startups are on the increase, investors are still sceptical about investing in women tech entrepreneurs. – Nikhil Rungta, Verizon Media

Success is common, but enduring success that can last for decades is rare. – Shailendra Singh, Sequoia Capital

Brand strategy IS business strategy because it involves purpose, company culture, brand behaviour, and experience design. – Mohit Jayal, Motherland Joint Ventures

You will doubt yourself, you will doubt your abilities, and you will doubt your decisions and actions. But it's important to persevere and not lose sight of your dreams. – Sonu Sood, actor and humanitarian

Be very brave. Do not compromise on vision. – PB Venugopal, Lexus India

You go through a lot of ups and downs and you really need someone who can be a friend, not just a business partner. – Vibhore Goyal, CoCubes

The more you chase a money goal, the more the goal post keeps shifting. You are always in an unsatisfied zone. – Nithin Kamath, Zerodha

Founders need to keep the board and investors aligned, and then be honest with themselves as this requires both short term and long term goals. – Shweta Bhatia, Eight Roads Ventures India

Be in the driver seat of your own life and not let anyone else drive the direction of your life. – Aaksha Meghawat, Apple

The last-mile human touch always helps. People giving their time, knowledge, and energy…passion matters. – Suniel Shetty

You can’t have strategy doing the work all the time. You've to let the odds and serendipity take over sometimes. – Shailendra Singh, Sequoia Capital

COVID-19 has been the mother of all wake-up calls. – Sarbvir Singh, PolicyBazaar

We are all not in the same boat, but we’re all in the same storm. – Suniel Shetty

The post-pandemic business environment will be one represented by growing geopolitical complexity, a more polarised society, and the chance for backlash if the popular sentiment is hurt. – Madan Bahal, Adfactors PR

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The most enduring companies gain dominance because of their unique understanding of market asymmetry or inflection point. – Pieter Kemps, Sequoia Capital India

High winds doesn’t make great sailors, light wind sailing makes great sailors…they equalise everything. – Ashish Hemrajani, BookMyShow

We need to slowly start changing complainers to entrepreneurs…because complainers will have problems and can be problem solvers. – Gururaj ‘Desh’ Deshpande

The best time to do something new is today. – FM Nirmala Sitharaman

The system makes it extremely hard for young entrepreneurs to succeed. If, as a country, we keep ridiculing risk-takers, we will always be a nation of job seekers. – Kunal Shah, CRED

The day you think there is no scope for improvement, the game is over. – Byju Raveendran

India has a valuable talent pool, and this is a very powerful mechanism to create opportunities within India and develop products of value for the world. – Karan Bajaj, WhiteHat Jr.

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Stressed your cup is half-empty not full? Remember you always need to stay grateful. – Tahira Kashyap Khurrana, ‘The 12 Commandments of Being a Woman’

You deal with the world the way it is, not the way you wish it was. This is where you develop character. – John Chambers, JC2

We must ask ourselves, can we make a difference? Can we be innovative and creative and not just look at the money value of what we've done but the contribution it has made to our humanity and our human population in India? – Ratan Tata

YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).

Edited by Suman Singh

Original Source: yourstory.com

Founding team (Varun Agni, Anil Giri and Vivekananda Hallekere)

A file photo of Bounce co-founders: (L-R) Varun Agni, Anil Giri and Vivekananda Hallekere

Bike-rental startup Bounce's CEO and Co-founder Vivekanada Hallekere on Tuesday announced that the company has had to take the "incredibly difficult decision" of laying off around 130 employees, which constitutes about 22 per cent of its total workforce. In a note posted on the company's blog, he wrote that the decision was purely an outcome of changing business priorities due to the external environment and "does not either reflect the unparalleled capability, performance, or dedication of any member of our team". The coronavirus pandemic has wreaked havoc on the startup ecosystem, with several of them having to resort to salary and job cuts, in a bid to stay afloat.

"While we cannot know the future, our hope is that these cuts are sufficient to put us on a strong path to continue through the next period of global uncertainty and change," Vivekananda said.

We have made few tough calls at Bounce and we have to part ways with few folks who have been crucial part of building Bounce. If any of the companies are looking for great folks to be part of their journey, I am at [email protected]https://t.co/VL9ORQcy3r

— vivek (@vivekanandahr) June 29, 2020

Also Read[Behind the Scenes] What’s fueling bike-sharing startup Bounce’s 120k rides a day in Bengaluru

The CEO's note also mentioned that all laid-off employees will be given a severance of three month's salary, as per their original pay before the announced cuts in April, 2020.  The employees will have the option of taking this amount in one go or have it credited to their accounts monthly, in an attempt to ensure salary credit continuity.

Additionally, Bounce will be reinstating the salary of the affected employees to the amount before the salary cuts were announced. "As per the exercise, the entire deferred amount will be given to them," Vivekananda said.

Leaving employees will also continue to have the health insurance that was provided by the company, until the end of December, this year. Employees with ESOP (Employee Stock Ownership Plan) will be awarded on a pro-rata basis.

The startup is setting up a support team to help the former staffers find suitable jobs "at the earliest". "The leaving team has the option of being part of this process," the CEO said.

In his note, Vivek also highlighted the fact that it is evident that the way people view the need for mobility will change even more significantly than than the company had expected "We have made valuable additions to our product offerings to suit the new needs and changing priorities of our customers, increasing the pace of electric vehicle adoption, but we also must acknowledge the world has changed even beyond what we anticipated," he said.

In January, Bounce announced that it had raised a funding of $105 million in its Series D round. Accel Partners and Facebook Co-founder Eduardo Saverin's B Capital Group had led the round. Existing investors Accel Partners India, Falcon Edge, Chiratae Ventures, Omidyar Network India, Maverick Ventures, Sequoia Capital India, and Qualcomm Ventures also participated in the round.

The company recently entered a partnership with electric scooter startup Ather Energy, allowing users to buy Ather 450 under its peer-to-peer programme.

Bounce operates a low-cost, dockless scooter rental model in Bengaluru and Hyderabad, with a fleet of over 23,000 vehicles (20,000 in Bengaluru and 3,000 in Hyderabad). It clocks over 1,30,000 (1,00,000+ in Bengaluru and 30,000+ in Hyderabad) rides a day. 

(Edited by Ramarko Sengupta)

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Original Source: yourstory.com