Lance Jones joins iRunway board

Lance Jones, Vice President and General Counsel at Trilogy Inc., agreed to join iRunway as a Director on the board. Lance brings with him extensive experience in the Intellectual Property generation, management and litigation.

Lance’s association with iRunway dates back to the days when iRunway was still a concept. While Ravi and Animesh were in the US on Trilogy Business Development work, they discussed the idea with Lance, who saw the merit and agreed to act as an 'advisor' then. Over the next seven months of iRunway's existence, Lance has acted as a mentor and been instrumental in shaping the very early days of the Company.

We are very excited to have Lance on board, and look forward to great things in the days to come.

About good living!

Employees should be taken well care of. The environment has significant effect on your performance. You do, the way u feel; you feel, the way you live; and you live the way you do! (in simpler terms: your actions are a function of how you feel, your feelings are a function of how you live, and how you live is a function of your actions). So live well to do well. It is an iterative process. As both 'doing' and 'living' start as non-zeroes, each one has the potential to perform beyond excellence... some may do it quick, others may take a little more time. Too convoluted???

Let me talk about something that I was once told... one of those gyaan sessions that you need to put up with whenever you tell someone that you are starting out (though this was for life in general, and I really liked it)

mind your thoughts, they become words;
mind your words, they become actions;
mind your actions, they become habits;
mind your habits, they become character;
mind your character, it becomes your destiny!!

So to be super lucky... think well :-).

Some random thoughts... but they augur well with where iRunway is right now!!

Expanding the team, raising money & the rest...

Today we added more members to the team... there is a great sense of excitement and anticipation for the road ahead. On a side note we feel ready to secure some funding for the next stage. A few lessons learnt on the way to this point:

1. Seed Funding: Unless your idea is something huge, (Cold Fusion??) and requires big investment to even test the idea, its a bad move to raise a large amount of seed funding. Best to look into that piggy bank (and touch your friends, family or that well meaning acquaintance) to test the merit of the idea. Best businesses are grown using customer funds.

2. Early Stage: Once you have reached a comfort level with the business and fixed the teething problems, raise as much money as required to effectively exploit the opportunity - There is such thing as raising too little money and such thing as raising too much money. Find that sweet spot and stick to that.

.. Yet to learn the rest on a first hand basis.. so no personal insights there :)