Deepak Shenoy was one of the early professionals to start algorithmic trading in India, way back in 2009. It required sifting through patterns of data and using software-based decision-making systems to trade and make stock calls.
While I have been following his Twitter handle @deepakshenoy for past couple of years, some of his recent writings have clearly been outliers, especially in terms of fresh perspective and incisive analysis. “How The 11,400 cr. Import Ponzi Scam at PNB Unfolded” published in February is an example of that.
Shenoy, a computer science graduate from the National Institute of Technology, Karnataka, started his career as a coder maintaining mainframe computer systems during 1996-1997. Before formally launching Capitalmind in 2010, Shenoy launched two startups–Moneyoga and Agni Software.
“When you are in a job, it’s difficult to harness opportunities. It’s not just being your own boss,” he says.
“At some point, you start getting tempted to take up a job because of the cash flow. And around 2012, I had started getting job offers and I didn’t want that,” he adds.
It’s important to have targets about how long will you give your startup before calling it quits.
“I decided to work on making Capitalmind into a company and give it one year. “
“The first business I ran, we had a 4 months target. It was 1998 and we were making 15,000 every month. We actually did it. We wanted the company to make enough money to help the four of us buy Tata Safari for each of us,” says Shenoy.
“If you don’t have a business vision, the danger is of becoming a zombie company. You would always have enough to survive, but without growth, nothing matters. Every company is supposed to be geared for growth. “
Subscribe to FactorDaily
Our daily brief keeps thousands of readers ahead of the curve. More signals, less noise.
Thank you for reading FactorDaily
We hope this story worked for you.
Our journalism is produced by some of the best brains in the story-telling business who believe that good stories have only one master: you, the reader. Bringing these stories to you, just so you know, costs us a pretty dime even as the context of disruption remains unchanged in the journalism business the world over.
If you like what you read here, consider supporting the FactorDaily journey. We don’t have a paywall because we believe access to good journalism must be free to all, especially when it is in public interest and informs citizens with independence and accuracy. Such stories should not be restricted to a few who can pay. You are free to support us with any amount you like.
Please note that 18% of your contribution will be paid to government as GST, per Indian accounting rules.
Yes, I'd like to contribute.
Disclosure: FactorDaily is owned by SourceCode Media, which counts Accel Partners, Blume Ventures and Vijay Shekhar Sharma among its investors. Accel Partners is an early investor in Flipkart. Vijay Shekhar Sharma is the founder of Paytm. None of FactorDaily’s investors have any influence on its reporting about India’s technology and startup ecosystem.