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The Golden Tap: The Inside Story of Hyper-Funded Indian Startups

4.17  ·  Rating details ·  663 ratings  ·  65 reviews
Ever wondered why global investors are willing to write million dollar cheques to young and inexperienced entrepreneurs? Why companies are no longer judged on their ability to make profits? Why the valuation of a startup can dwarf that of its well-established counterpart? Is it a bubble? Or have the rules of the game changed?

Can these hyper-funded; technology driven compan
Hardcover, 280 pages
Published November 30th 2015 by Roli Books
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Jan 01, 2016 rated it really liked it  ·  review of another edition
Shelves: 2016
This one came highly recommended and with a buzz around it. Who doesn't want to read more about the irrational exuberance of today's times.

The book's been written in 4 parts. If I were to rate the book only on the basis of the last 30-40%, which would be from somewhere in between Part 3, I'd rate it very high. But what about the first 60%? The first 60% sounds more like an autobiography than an "Inside Story of Hyper-Funded Indian Start-Ups". I get the rationale behind including the topics that
Rohit Enghakat
Jun 26, 2017 rated it really liked it
Shelves: business
This is a phenomenal book on the start-up ecosystem in the country. The author is an entrepreneur and tech geek who has summed up his personal experiences into a book.

It is more about his experiences in starting internet-based companies and selling these off to corporates at a profit. However, he has described the world of internet e-commerce companies, private equities and venture capital funds accurately. In-depth research matters in a non-fiction book and you have loads of it in this book fo
Debjit Sengupta
Oct 08, 2017 rated it it was ok
In the last couple of decades, flurry of start ups mushroomed across India. For the bright and energetic ones emerging from premier institutes, becoming an entrepreneur was the next big thing. Now, starting a company and running it over a period is easier said than done. To start a company and then sustaining it , an entrepreneur requires cognizance and also worry about the product to be launched, market potential for it, hiring of manpower, office at right location , regulations applicable to t ...more
Vinayak Hegde
Jun 28, 2020 rated it really liked it
A very slickly written narrative of the Indian Startup ecosystem starting in the late 90s to 2015. The book is written by the author (who is a serial entrepreneur) in an autobiographical style from the early days of the Indian Internet startup ecosystem to the booming 2010 where hyper-funding and irrational exuberance was the norm.

The book is an insider account which is a refreshingly honest account of his entrepreneurial life with both the highs and the lows, the triumphs, and the misses docume
Sajith Kumar
India’s contribution to global trade consisted of spices, textiles and jewelry for a long, long time. Even when the West picked up momentum through Enlightenment and industrial revolution, India continued with the same product mix. We could add software and IT services to the basket in the early 1990s. This newly added item rapidly earned the country rich dividends in the newly globalized economy. As the world shrank further with the growth of enabling technology, capital flowed into India. The ...more
Samridh Kudesia
Jun 05, 2018 rated it it was amazing
Exciting, insightful, and above all, informative.
If you're even mildly interested in the startup space, entrepreneurship, or building organisations, do yourself a favour and give this a read!
Kovid Kapoor
Nov 30, 2015 rated it it was amazing
As a young, first-time entrepreneur myself, following Kashyap Deorah for a while, I was looking to forward to reading his book “The Golden Tap”. Having started up in early 2013, I have been through the different phases of the recent startup phenomenon in – the beginning of the hyper-growth phase, the peak and now what is increasingly being recognized as the bust, or at least a correction. I had initially not been able to wrap my head around some of the same questions that he talks about – why ar ...more
Santosh Patil
May 26, 2016 rated it liked it
Unlike their US (and even Chinese) counterparts, very less literature is available on Indian startup world. I instantly bought this book after catching the phrase "Hyper Funded" and was expecting the book to be around same phrase.

The good: Though the book takes too much of time to start discussing funding, revenue and growth of Indian startups, the discussions are quite insightful. Author accurately catches the mentality of young entrepreneurs, angel investors, VCs and big shot investment firms.
Rohit Shinde
Apr 20, 2016 rated it it was amazing
Shelves: india, business
The first part of this book reads slightly like an autobiography. However, it soon becomes clear that this is just a setup to explain the wider game. The author explains the current scenario in Indian startups with brevity and clarity. Sometimes, the details get too much, however, I guess they are required.

Moving on, the later parts of the book explain how with each wave of technological advancement, what changes have been wrought in the startup environments and what would be their impact.

In the
Manoj Sarda
Apr 28, 2016 rated it really liked it
Full of insights and perspectives of current scenario worldwide, impacts and what lead where we are. Author talks about the Internet Period, the Globalization wave and today's smartphone wave and the startups, trends and companies evolved during these times.
The personal journey of 3 startups of the author, the teams, the operations and lastly their acquisitions good.
Most importantly what actually happens inside the hyper funded Indian startups, their culture and first-hand interactions he had
Dec 22, 2015 rated it it was amazing
Shelves: management, economics
A very well-written account of internet technology startups and the investors playing out in India and abroad. Kashyap is a natural at weaving exciting stories into an insightful narrative spanning 2 decades - from the internet wave, into the globalisation phase, followed by the smartphone wave. A candid review of his own career, with the global technology and financial trends as the backdrop helps the reader understand it much better. Towards the end, he also takes up some 'mythbusting' and off ...more
Dec 12, 2015 rated it really liked it
Shelves: 2015
This is a cracker of a book! First, it is very well written and well paced. Kept me glued to my Kindle. Second, it presents an intimate portrayal of the Indian startup world. Also, as far as I can make out - it is a very good portrayal. I have met several of the people described in the book and the description is very true to what I know about them. For eg, the incident of Ashish jumping ahead to open doors brought a smile to my face. Very very Ashish!

Read this book to get locker room access to
Dec 13, 2015 rated it it was amazing
Coming from Kashyap, I had high expectations from this book, and it lived up to them and more. The way he supports everything he says by facts and events makes it a very believable and reliable read. His experiences are enviable, inspiring and very interesting; it's great to have them being narrated by the man himself. Overall a great book to understand businesses in general and Indian startup scene in particular, though if you are not familiar with either, you might have to repeat read certain ...more
Vaibhav Tamrakar
Feb 19, 2016 rated it really liked it
An eye-opening read for anyone interested in the startup ecosystem.
The best part about the book is its storytelling - the way Kashyap has created an interesting climax along with his personal experiences.
To be able to startup and exit in each of the waves as described in the book - the Internet, Globalisation and Smartphone wave - sounds electrifying in itself - an envious experience.
I particularly liked the honesty of the author in sharing his achievements and embarrassments alike - with great
Atharva Patil
Dec 09, 2015 rated it it was amazing
This is a cool book. Written nicely from first person experiences over the years.

Liked the places where the book discusses the entire scenario as a whole wherein lies the core reason for every other start-up being funded.

Overall would recommend if someone is interested in learning how a generic/posterboy Indian entrepreneur has evolved over the years.
Nov 26, 2019 rated it liked it
For someone who has spent almost a decade in the PE/VC industry and whereabouts, I found the book extremely informative about the entry of VCs in India and their rationale. The book provides illuminating insights into the functioning fundaes / investment techniques of certain VCs in a global and domestic context.
There are some questions you'd want to ask yourself- for example - How does FDI in e-commerce matter if the companies are being hyper valued and set up abroad?
The book takes you through
Mar 11, 2018 rated it liked it
This book was a little out of my comfort zone. I liked the effort to try and link the startup scenes in India and the US although it seemed quite weak. I could be wrong about this. (It is also uncritical about the way IIT-based networks work. For example, when he gets fired from his first company for sexual harassment, he argues for a page and a half that it was a mistake because the complainant was from his hostel, and therefore, can be convinced it was a little joke, and how could he - holde ...more
Mar 22, 2020 rated it really liked it
The Good
- An exciting and informative chronicle of Indian startups starting from 1990s, not captured to this extent by any other book in my knowledge
- Earnest account by author of his entrepreneurial life, very interestingly woven with US and Indian perspectives

The Bad (Wishlist)
- B2B startups could have been given more space (B2C got more prominence probably to reflect the general funding bias towards B2C in India till 2015)

The Beauty
- Fantastically told acquisition deals (Author was part of 3
Ashutosh SHUKLA
Dec 15, 2019 rated it it was amazing
Shelves: favorites
A fairly interesting read, about the authors life as a serial entrepreneur... It is quiet myth busting, the specific myths which are bolstering the indian copy-cat startups on steriods...
The book ends with Kashyaps' fourth company and his vision for entrepreneurs in India.
"India is not going to be the next china or the next US, India is going to be the next India " His vision for India is very hopeful and he is himself turning it into a reality inspiring the reader to do the same.
Amit Trivedi
Sep 18, 2017 rated it really liked it  ·  review of another edition
A fantastic ring-side view of the story of Indian start-ups in the last few years. The author has wonderfully captured the happenings. There are many lessons to learn for an investor as well as an entrepreneur. I especially loved the last two chapters of the book. If you are a student of business, you cannot keep the book down before you complete it.
Arun Nair
Nov 13, 2016 rated it liked it
A good insight into the interesting world of Indian startups and VCs. However, the book sometimes feels like an extended resume of the author where he pontificates about himself and his modest skills.
Vinay Singh
May 21, 2018 rated it it was amazing  ·  review of another edition
Quite insightful

Got lost in the details sometime but Kashyap managed to help me see the big picture with clear summaries and insights. Good read for anyone even casually interested in the life of an entrepreneur, definite read for someone wanting to be one.
Anoop Poonia
Jul 30, 2017 rated it it was amazing
Limited literature is written around the indian startup scene. But amongst all thats around i'd say this is the best i have read. ...more
Jan 24, 2018 rated it really liked it
Good candid take on Indian startup ecosystem that not many have tried before.
Easy and intuitive read to engage with the author's perspectives.
Dec 11, 2018 rated it it was ok
The books pretty one dimensional, not many facts about other side of start up stores are included
May 12, 2019 rated it it was amazing
Must read for entrepreneurs
Jul 25, 2019 rated it it was amazing
Very insightful.
Rajneesh Walia
Jul 23, 2020 rated it it was amazing
High Octane narrative !
Siddarth Jain
Nov 22, 2017 rated it liked it
The book is a detailed perspective from the author, who is a long standing poster boy of startups in IITB. Good read, interesting POV, definitely insightful. Very few written content today capture about the Indian startup ecosystem and the money flow within.
Mar 15, 2017 rated it it was amazing
Wonderfully written, the book is packed full of stories, wisdom and insights - from someone who's been there, done that. Highly recommended to anyone starting up in India.
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