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

A prolonged global recession due to COVID-19 pandemic, high unemployment, another outbreak of an infectious disease and increased protectionism are among the biggest near-term worries for companies around the world, a new study showed on Tuesday.

The study conducted by the World Economic Forum (WEF) also flagged that the world is not ready for the knock-on effect of far-reaching environmental, societal and technological risks, but a "green recovery" and more resilient, cohesive, inclusive and equal societies can emerge if leaders act now.

"Economic distress and social discontent will rise over the next 18 months unless world leaders, businesses and policy-makers work together to manage the fallout of the pandemic," according to the report.recessionAlso ReadCOVID-19 impact: Survival of Indian startup ecosystem at stake due to crisis, says Nasscom

As economies restart, there is an opportunity to embed greater societal equality and sustainability into the recovery, which would unleash a new era of prosperity, said Geneva-based WEF, which describes itself as an international organisation for public-private cooperation.

The study, titled 'COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications', has been conducted in partnership with Marsh & McLennan and Zurich Insurance Group. It taps into views of nearly 350 senior risk professionals who were asked to look at the next 18 months and rank their biggest concerns in terms of likelihood and impact for the world and for business.

The immediate economic fallout from COVID-19 dominates companies' risk perceptions and these range from a prolonged recession to the weakening fiscal position of major economies, tighter restrictions on the cross-border movement of goods and people, and the collapse of a major emerging market.

The report also calls on leaders to act now against an avalanche of future systemic shocks such as the climate crisis, geopolitical turbulence, rising inequality, strains on people's mental health, gaps in technology governance and health systems under continued pressure.

"These longer-term risks will have serious and far-reaching implications for societies, the environment and the governance of breakthrough technologies," the WEF said.

As per the study, two-thirds of respondents identified a "prolonged global recession" as a top concern for business. Besides, one-half identified bankruptcies and industry consolidation, failure of industries to recover and a disruption of supply chains as crucial worries.

With the accelerated digitisation of the economy in the midst of the pandemic, cyber attacks and data fraud are also major threats, according to one-half of the respondents, while breakdown of IT infrastructure and networks is also a top concern.

Geopolitical disruptions and tighter restrictions on the movement of people and goods are also high on the worry list.

A second report from WEF, 'Challenges and Opportunities in the Post-COVID-19 World', which was also published on Tuesday, draws on experiences and insights of thought leaders, scientists and researchers to outline emerging opportunities to build a more prosperous, equitable and sustainable world.

WEF's Managing Director Saadia Zahidi said the COVID-19 crisis has devastated lives and livelihoods while triggering an economic crisis with far-reaching implications and revealing the inadequacies of the past.

"As well as managing the immediate impact of the pandemic, leaders must work with each other and with all sectors of society to tackle emerging known risks and build resilience against the unknown. We now have a unique opportunity to use this crisis to do things differently and build back better economies that are more sustainable, resilient and inclusive," she said.

(Edited by Javed Gaihlot)

How has the coronavirus outbreak disrupted your life? And how are you dealing with it? Write to us or send us a video with subject line 'Coronavirus Disruption' to [email protected]

Original Source: yourstory.com