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Accidental entrepreneurs : Kwench Library Solutions / M. M. Monippally.

By: Material type: TextSeries: Publisher: London : Indian Institute of Management, Ahmedabad, 2011Description: 1 online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781526439888 (ebook) :
Subject(s): DDC classification:
  • 658.022
Online resources: Kwench Library Solutions (Kwench), a Mumbai-based start-up that offered library services to corporate clients, looked anxiously for angel funding to establish itself and expand to other parts of the country. The time - the first few months of the 2008-09 global recession - was particularly bad. The angel investors who offered to provide INR 10 million valued the start-up at one third of what the promoters had confidently expected. The valuation was unacceptable, but spurning the offer was fraught with additional risks. The promoters, who had given up high-paying corporate jobs and invested heavily in the start-up, had to find a way out.
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Originally published in Monippally, M. M. (2011). Accidental Entrepreneurs: Kwench Library Solutions. CIIE0002. Indian Institute of Management, Ahmedabad.

Includes bibliographical references and index.

Kwench Library Solutions (Kwench), a Mumbai-based start-up that offered library services to corporate clients, looked anxiously for angel funding to establish itself and expand to other parts of the country. The time - the first few months of the 2008-09 global recession - was particularly bad. The angel investors who offered to provide INR 10 million valued the start-up at one third of what the promoters had confidently expected. The valuation was unacceptable, but spurning the offer was fraught with additional risks. The promoters, who had given up high-paying corporate jobs and invested heavily in the start-up, had to find a way out.

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