Startup founders should focus on getting the right partners and investors rather than maximizing valuations, as the latter is fairly short-term in nature, Peyush Bansal, co-founder and chief executive of eyewear unicorn Lenskart, said on Thursday at the Bengaluru Tech Summit 2024.
"The right partner will see what you are seeing, trust you not just during good times but also in bad times, and think along with you for the long term. When we got investors like ADIA (Abu Dhabi Investment Authority) or Temasek, we knew these funds could stay with the company for 1O years," Bansal said during a fireside chat with Prashanth Prakash, founding partner of early-stage venture capital firm Accel India.
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