Episode XVii – Ashish Tulsian, Cofounder of Posist
Posist is a platform that lets owners automate their cloud kitchen operations and manage restaurant business efficiently. They are trusted by over 8000+ clients and are present in 20 countries.
Ashish co-founded Posist in 2011 with his wife, Sakshi. Posist has been his 3rd (and most successful) venture yet. Ashish is a fine example of the journey of a founder going against the grain. He started his first company with no prior work/management experience straight out of college. He exited the telecom space when most players were beginning to enter it. He wrote off his investment in running a restaurant to focus on his strengths and founded Posist.
Here’s what you can expect to learn from this episode
- Can you start and (successfully) run your own business right after you graduate – without ANY other work experience? What made Ashish decide to hire two of his college batchmates and do precisely that? How did he run and sell it successfully?
- Why did Ashish choose to exit his first company, TechnoApex Software, after learning that telecom is one of India’s highest regulated sectors. When is it okay for a founder to “give up?” How was the experience being a part of the Delhi start-up ecosystem?
- How Ashish built Posist from the ashes of a failed venture? Why was it better to quit the restaurant and write off the money lost rather than trying to chase it?
- Why is it more important to have empathy when building a business, rather than a new/unique idea?
- How did support from investors and accelerators like Morpheus changed Ashish’s opinion on funding. Why did the brutal honesty from the investors make him realize their true value?
- How did becoming an angel investor make Ashish introspect and realize his mistakes as a founder?
Ashish’s Book Recommendations:
- Small Giants: Companies That Choose to be Great Instead of Big by Bo Burlingham
- What Got You Here Won’t Get You There: How Successful People Become Even More Successful! by Mashall Goldsmith
- The Hard Thing about Hard Thing: Building a Business When There are No Easy Answers by Ben Horowitz
Watch this episode