Nitin Pachisia_E35: The Value of Extreme Grit [9/15/2021]

Nitin Pachisia, Founding Partner at Unshackled Ventures in The Bay Area [9/15/2021]

https://anchor.fm/posi2ive/episodes/Nitin-Pachisia_E35-The-Value-of-Extreme-Grit-9152021-e17e09v

Note: References with links are listed at the end of the show notes.

SECTION1: Birthplace

1:00 Shares his experience growing up in India, and the value of extreme grit. He also talks about fairness in business. Shares experience getting started at ABB, and how it helped him form his early career. Tells his story about getting headhunted by Deloitte. Ties the experience into discovering VC through being a consultant.

12:00 Discusses how he got his first startup job, in SV after meeting Osman at Chegg at the time. Shares experience with working with top-tier VCs in the valley as he was just getting started. Talks about his AHA moment about being on an H1B visa which locked him out of the opportunity to start a company.

SECTION2: Entrepreneurial Risk.

15:00 Draws immigration risk, versus entrepreneurial risk — which slows people down from starting companies in the US, in his experience. Goes into nuance around hiring opportunity costs, and the moving parts around the speed of innovation. Highlights how his fund helps mitigate circumstances like this, as a social good.

19:00 We talk about US C Corp with Executive Transfer L1 visas, with a foreign subsidiary, under the US Immigration Code. They focus on Founders who are individuals in the US already, or where families emigrate to the US. We talk about the length of processes — and some hiccups along the way. Shares how the government is often unpredictable, and how Unshackled Ventures helps. Talks about factors such as place of birth, experience, where a Founder is from, and other considerations — and there always being a way for these situations.

SECTION3: One Environment

30:00 Discusses the Founder’s positive view on the world — focused on solutions before the problem.

39:00 Discusses seeing the world through what the Founders find through customer discovery. Shares FoodTech, CreatorEconomy, Fintech, and SpaceTech as verticals some of their Founders are focused. Highlights one of their startups that is enabling commerce in Africa.

SOURCES:

-Unshackled Ventures: https://www.unshackledvc.com/

-Nitin Pachisia: https://www.linkedin.com/in/npachisia/

-Unshackled Blog: https://unshackledvc.medium.com/

-Sote: https://getsote.com/

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Song Credit: The Croft — By Joakim Karud

[ No Copyright on Music and Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 ]