5:30 p.m.
These guys in Slasscom, they are not as connected as me. They claim that Chamath Palihapitiya might be able to mentor. This guy in Slasscom claims he knows Jit Warnakulasuriya, he has been at Millennium IT which I think was bought by Jit. We have easy access to Chamath, but no reason to speak with him.
Jit is concerned by startups and the younger generations- who he feels are keeping him on his toes. He probably means that in the sense he must adapt and stay competitive. He advises publicly for startups to focus on marketing mix/ basics as a startup. Interesting. He told me a completely different story that he must help me bla bla bla (all lies).
I would suggest, as Bala Kamallakharan, an angel investor, told me, that you gotta really carve out a focus area as a startup. This is true. I think Jonathan Hirshon wants me to get some liquidity from his friend Bala, but I decided against it. We do not want investors to take up any significant control of our firm.
Like the dinosaur, the IT pioneer himself, Jit, who 100% owns n-Able and I think IT unit of KBSL and maybe Millennium IT and of course, Just In Time Group, I also want to control 100% of the ownership and voting shares because I prefer dictatorships.
I think maybe it can be strategically advantageous to offer up free shares, of upto 10% to certain large investment groups. This is because I want them to have a psychological and financial stake in my firm. This will come in handy when I need to push around a vendor in the US or push around a customer, which I often do.
