Most founders can't tell you the moment they decided to build. Vedang Patel can. He was 23, a finance analyst with IIM seats in hand, and he looked at the MBA-holder sitting next to him in office and asked himself one question: "Is that what I want to do?"

The resounding no from every section of his brain, and the ₹5.25 lakh he and his co-founders had between them is what became The Souled Store. ₹1000 crore in revenue,

₹150–200 crore in profit, an NSE bell on the way.

In this episode, Avnish and Vedang sit with three questions sent in by aspiring founders:

1. How do you actually validate an idea?
2. How do you separate polite encouragement from real market demand?
Brand or revenue first?
3. They also talk about the part most founders won't: the $10 million Vedang got "lost in frameworks" with, the 15-20 CR in personal-guarantee debt, and how exponential's cheque pulled him back.

Chapters

00:00 Cold open
01:30 From a cupboard of t-shirts to ₹1000 crore
03:30 The Sunday-Monday test
06:30 "She cried for days"
08:30 Risk vs Recklessness
11:00 Q: How do I validate my idea?
13:30 ₹5.25 lakh, no money for movies
15:30 Discounted PMF is false PMF
17:00 Q: Polite encouragement or real demand?
20:30 The empty chair of the customer
24:30 When the $10 million came in
27:30 "Maybe I should be inspired by Neera Modi"
30:30 Q: Brand or revenue first?
32:00 A brand is what the customer expects
35:30 Why he never left Bombay
38:30 The ESOP wall and the 5-10-85 rule
41:30 "Don't overthink. Start."

Follow Z47

Website - https://www.z47.com/
Instagram - / z47.vc
LinkedIn - / z47-vc