We've had serial entrepreneurs, power sector veterans, techies, and people with finance and energy trading backgrounds, but Nikhil Vodhovkar is one of the few first-timer CEO’s we've had on the show. Not only is he an alumnus of academia at a very high level – Johns Hopkins, MIT – but he leveraged that background to start Raptor Maps.
This SaaS company provides owners and operators of both utility-scale and C&I projects with digital solutions to boost production and manage the health of their assets. Raptor Maps plays a vital role in scaling the industry through software that records and tracks asset performance, digital solutions for asset management and remediation challenges, and the deployment of solar robotics.
Here are Nikhil’s B3P’s (“Big 3 Points”):
11:02 - Get in the weeds, get your hands dirty and fail quickly. The quick pace necessary to make decisions and try new things will likely lead to failures. But that’s crucial for company growth. That is how you to learn and move on. Embrace failure because it’s rich in lessons… if you’re willing to learn.
20:03 - If you want to be a CEO, don’t worry about what constitutes the “perfect idea.” Find (or create) the seed of what you believe will be successful, and iterate. If it’s not the current idea, it will be the next one. You’ll need grit and courage to see growth.
23:03 - While making new hires, always have a technical or hands-on component of the interview process. This will help you determine what you are looking for with the new hire. For example, if you are hiring someone for your sales team, do you care more about their ability to pitch someone on the spot or research a company well? Then test that ability. This will also show you how that candidate reacts to the challenge, not just how well they perform.
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