Despite his struggles and failure to raise money from the commercial reality TV show, Balakrishnan’s entrepreneurial spirit has garnered much praise across the country.
SUGAR Cosmetics CEO Vineeta Singh, a famous shark on the TV show, took to Instagram to praise Balakrishnan’s courage, clarity, and honesty.
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In her emotional post, she said that not being able to help the shoe entrepreneur build his dream was a “difficult” decision that continues to make her emotional.
“I have no words to describe the courage, clarity, and honesty of a businessman who, under the full view of 14 cameras, can choose to be a better provider for his family than continue to pursue his dream! Watching Ganesh make that decision and not being able to help him build his dream was so difficult that in Every time I talk about him, I get emotional,” she wrote in her caption, along with a photo of herself hugging Balakrishnan on the show.
In her post, Singh shared another photo from 2013 that shows the beauty queen lying on the bed with a pillow on her face. She shared that the photo showed Singh collapsing after failing on the field. “(That’s) why this hit home so hard and why I felt like I was in Ganesh’s place a million times over. I’m proud of you, Ganesh, for doing the right thing. You have so much more guts than me. I hope to see you build your dream again one day.”
Sharing her story, Singh said that she worked hard to get into the Indian Institute of Technology. Then, she was seen as a champion for going the road less traveled, but struggles to scale multiple businesses, finds it difficult to gain momentum and then faces major setbacks. She also feared being seen as a “failed entrepreneur”. She also recalled the “terror of the first week of every month” when she had to collect teams’ salaries.
“The tension on every pitch where you have to pretend you don’t look desperate, but you know the payroll depends on the outcome. Borrowing money from friends and family knowing that no matter what happens, you can’t lose theirs — it feels like a Ganesh story but it’s also mine. And it is, too.” The problem of many entrepreneurs. And then I felt his pain in my intuition.
The story of the boats
BoAt founder Aman Gupta and another Shark took part in the popular show on social media to pass on a warm note.
He said in his diary that he could see himself in Balakrishnan during the Flatheads Court. On the show, Gupta advised the businessman to take a break, build some learning and then come back stronger.
“Since I can relate to him so much, I wasn’t shy about voicing my opinion and told him to do what I would do if I were him – start over,” Gupta captioned his post.
Although the comments are difficult to address, Gupta said only a person of genuine character can accept them. He added, “It takes real courage to say ‘no’ to a major national television funding offer for a reboot and recalibration. I hope he’s on board with something huge soon. Big respect and he’ll be back strong.”
The head of the consumer electronics brand, sharing his entrepreneurial journey, said he had to restart his business five times. After becoming part of the corporate world, he had to return to entrepreneurship. Although it may be an inspiring story now, facing failures can be disconcerting, he said. He concluded, “I also had those days. I also failed before I was successful. I was also down before I was here. I am also a human being before I became a shark.”
Balakrishnan thanked Gupta for the open letter, and praised the head for showing “100 times more courage” to admit his failures. “While everyone says it takes courage for me to say that on Shark Tank India, it takes 100x more courage to own up to your failures when you are already one of the most recognizable faces in the Indian startup ecosystem,” he wrote in another LinkedIn post. Mail.
Balakrishnan replied to Gupta
Moreover, he said, it is time for entrepreneurs to normalize talking about the “real side” of starting a business. He added, “Vineeta Singh really shared her journey yesterday. We hope all the sharks lead the way for all of us.”
Balakrishnan has also dedicated the limited edition #DownButNotOut shirt on the Flatheads website to Gupta.
Recently, Singh’s business partner and husband Kaushik Mukherjee took to social media to share that he ordered Flatheads on Thursday (5th January), which he got on Tuesday (10th January).
“I feel light on my feet. And happy in my heart. Flathead – Nam Toh Sona HogaHe wrote next to a photo of him wearing his new shoes.
While some have praised him for promoting an upcoming brand, some have found Mukherjee to be “opportunistic” for wearing the sneakers for free publicity. Balakrishnan took up the controversy and decided to “clear the air”.
In his LinkedIn post, the founder of Flatheads said he interacted with Mukherjee long before ‘Shark Tank India’ Season 1 aired.
When Balakrishnan was seeking some strategic advice for his company, he contacted the COO of SUGAR, who was “very humble” on the first call with him and patiently listened to the context and offered “relevant” advice and suggestions.
“A call that was supposed to last 10 minutes lasted an hour or more, and he was very accommodating and generous to give us time and attention on the weekends, the few hours an entrepreneur gets to relax and recharge,” Balakrishnan wrote.
Balakrishnan’s LinkedIn post
Praising Mukherjee’s patience and kindness, Balakrishnan said he would have been happy to give the cosmetics brand owner a pair of sneakers for “the kind of man he is”.
We need more of these founders who pay without any expectations. Speaking of which, here’s a shout out to D2C Insider, a community of D2C founders formed with that in mind – no agendas, just founders helping each other with honest advice And suggestions and contacts. If you’re a D2C founder, you should definitely consider being part of the gang!”