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<span><keyword id="908594" type="PERSON" weightage="80" keywordseo="Pawan-Negi">Pawan Negi</keyword>, who has just been named in the Indian team for the World T20 and is known to hit big sixes apart from his accurate wicket-to-wicket bowling, had a base price of only Rs 30 lakh.<br />
<br />
The 23-year-old was likely to fetch way beyond that amount when the eight franchises bid for players of their choice, today.<br />
<br />
And, that is exactly what happened.<br />
<br /> Rising from the obscurities, Negi was bought at a whopping Rs 8.5 crore by Delhi Daredevils. The jump to Rs 8.5 crore from his meagre base price of Rs 30 lakh is certainly mindboggling, but not more than the fact that he now becomes the costliest Indian player to be sold at the <keyword id="90837" type="UNKNOWN" weightage="80" keywordseo="IPL-auction">IPL auction</keyword>, leaving behind none other than <keyword id="351" type="PERSON" weightage="80" keywordseo="Yuvraj-Singh">Yuvraj Singh</keyword>.<br />
<br />
Yuvraj Singh who had a base price of Rs 2 crore was predicted to be a hot pick before the auction started and understandbly so, he was sold for Rs 7 crore to Sunrisers Hyderabad!</span><br />

IPL Auction: Pawan Negi trumps Yuvraj Singh as the costliest Indian player at Rs 8.5 crore!

You win some and lose some and IPL-9 is all about that. Delhi Daredevils had a rocky start as it lost to Kolkata Knight Riders by 9 wickets. But as the old adage ‘slow and steady wins the race’ still holds golden in this day and age, it is too early to ignore them.<br />
 <br />
Rahul Dravid is mentoring Delhi and we think this time Delhi Daredevils will do much better than last season, in which it finished seventh with only 11 points. The team has three Under-19 players, who amazed everyone with their hard hitting skills. Pawan Negi, who was the costliest player of the auction, will also stay ahead in the race.<br />
 <br />
Delhi has newbies who are infused with energy and want to turn fortunes for the team. They are not here to entertain crowds but to show good performance, just like Dravid.<br />
 <br />
As the IPL history has never been so kind to Delhi, it doesn’t mean you can write them off. Let’s hope this time, they rule the cricket extravaganza.<br />
 <br />
Check out the entire squad of Delhi Daredevils.<br />
<br />
(Images: Indiatimes)<br />

IPL 9: We bring you Delhi’s team and the Daredevilry they’re capable of with Rahul Dravid as their mentor

<br />
If you've not a Martian you must have felt the tremors of the <a href="http://www.businessinsider.in/searchresult.cms?query=ICC+World+Twenty20">ICC World Twenty20</a> craze hitting India. <br />
<br />
The Pakistan team is awaiting last minute clearances to fly to India for the <a href="http://www.businessinsider.in/searchresult.cms?query=ICC+World+Twenty20">ICC World Twenty20</a>. The country has asked for a public assurance that its players and spectators would be safe in India. This also saw the March 19 Indo-Pak match being shifted from Dharamshala to Kolkata.<br />
<br />
Hoping everything works out just fine, this edition of the <a href="http://www.businessinsider.in/searchresult.cms?query=ICC+World+Twenty20">​ICC World Twenty20</a> promises a lot of excitement.<br />
<br />
<a href="http://www.businessinsider.in/searchresult.cms?query=Mahendra+Singh+Dhoni">Mahendra Singh Dhoni</a> is set to lead India's 15-member squad for the <a href="http://www.businessinsider.in/searchresult.cms?query=ICC+World+Twenty20">World Twenty20</a> that has some really promising names. Young and promising all-rounder <a href="http://www.businessinsider.in/searchresult.cms?query=Pawan+Negi">Pawan Negi</a> came off as a surprise this time. 23-year-old <a href="http://www.businessinsider.in/searchresult.cms?query=Pawan+Negi">Negi</a> bowls left-arm spin and can bat if necessary. His consistency in the domestic cricket scene might have offered him this chance. Other youngsters Jasprit Bhumrah and Hardik Pandya earned their place after their brilliant performance in Australia. However, pacers Ishant Sharma and Bhuvneshwar Kumar were ignored. So was batsman Manish Pandey.<br />
<br />
BI India offers you the records of the individual players ahead of the much awaited <a href="http://www.businessinsider.in/searchresult.cms?query=ICC+World+Twenty20">ICC World Twenty20</a>.<br />

Here's India’s Firepower for the ICC World
Twenty20

If you follow cricket or the Indian Premier League (<em>Yes, ‘or’ is the right conjunction here</em>), you already know that the latest season is underway.<br /><br />As is the case with every other season, much of the pre-tournament hype was centered around the millions of dollars spent by teams to acquire certain players. This time around, it was <a href="https://medium.com/r/?url=https%3A%2F%2Fsports.ndtv.com%2Findian-premier-league-2017%2Fipl-auction-ben-stokes-becomes-most-expensive-foreign-player-ever-no-takers-for-ishant-irfan-1661525" class="markup--anchor markup--p-anchor" target="_blank">Ben Stokes’ turn to become the expensive player at the auction, for the sum of Rs. 14.5 Crore ($2.1 Million)</a>. <br />As <a href="https://medium.com/r/?url=https%3A%2F%2Ftwitter.com%2FProfDeano%2Fstatus%2F833538309175517184%3Fref_src%3Dtwsrc%255Etfw%26ref_url%3Dhttps%253A%252F%252Fwww.crictracker.com%252Ftwitter-reactions-ben-stokes-fetches-14-5-crores-in-the-ipl-2017-auction%252F" class="markup--anchor markup--p-anchor" target="_blank">Dean Jones half-correctly pointed out</a>, Ben Stokes’ price is nearly twice the salary cap of entire teams at the <a href="https://medium.com/r/?url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FBig_Bash_League" class="markup--anchor markup--p-anchor" target="_blank">Big Bash League</a>. <br /><br />The rationale for this generous price tag appears solid. After all, Ben Stokes is amongst the best All-Round players in international cricket today.
	
	
	
	
	
	
	
	<div type="image" title="Image source : Dilbert.com" msid="58225661" hostid="261" caption="&amp;lt;p&amp;gt;Image source : Dilbert.com&amp;lt;/p&amp;gt;"></div>
















<br />Let’s start off with a look at how the players fared in <keyword id="6354312" type="CITY" weightage="20" keywordseo="IPL">IPL</keyword> 2016.<br /><br />Approximately <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.espncricinfo.com%2Findian-premier-league-2016%2Fcontent%2Fstory%2F1021917.html" class="markup--anchor markup--p-anchor" target="_blank">Rs. 441.8 Crores </a>(~$68 Million)were spent by franchises on building their teams that season and a total of <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.iplt20.com%2Fstats%2F2016%2Fplayer-points" class="markup--anchor markup--p-anchor" target="_blank">30285 MVP points</a> were earned by players. This implies that, on average, franchises spent Rs.1.46 Lacs (~$2260) per MVP point earned.<br /><br />This allows us to actually calculate in-match contributions of each player and evaluate <keyword id="6355120" type="ORGANIZATION" weightage="20" keywordseo="investment">investment</keyword> performance.<br /><br />

	
	
	
	
	
	
	<div type="image" title="2" msid="58225703" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>














<br />The fact that <keyword id="6354486" type="PERSON" weightage="20" keywordseo="Virat-Kohli">Virat Kohli</keyword> tops this list is hardly a surprise. A record-breaking 973 run season deserves no less.<br /><span class="markup--strong markup--p-strong">To earn the Rs. 14.3 crores through in-match performances, the <keyword id="12643" type="ORGANIZATION" weightage="20" keywordseo="Royal-Challengers">Royal Challengers</keyword> Bangalore franchise had spent Rs. 12.5 Crore on Virat Kohli for a net return of Rs. 2.3 Crore (<em>Or an ROI of 18.4%</em>). </span><br />So, if not Kohli, which players actually ended up being the investments of IPL 2016 ?<br /><br />
	
	
	
	
	
	
	<div type="image" title="3" msid="58225730" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>














<em><br />Whoa !</em><section><br />Except for <keyword id="60604" type="PERSON" weightage="20" keywordseo="David-Warner">David Warner</keyword> (<em>who, at 5.5 Crores was much ‘cheaper’ than Virat Kohli for nearly the same output</em>), none of the top performers make the list of top investments.<br /><br />If we were to exclude David Warner as an outlier, every other top investment was priced either in the vicinity of Rs.2 Crores (<em>Which, </em><a href="https://medium.com/r/?url=http%3A%2F%2Findianexpress.com%2Farticle%2Fsports%2Fcricket%2Fits-nothing-rs-2-crore-is-peanuts-ravi-shastri-backs-team-indias-reported-demand-for-pay-hike-4598048%2F" class="markup--anchor markup--p-anchor" target="_blank"><em>in the words of Ravi Shastri, is “Peanuts”</em></a>) or significantly lower. In particular, look at no. 2 on the top investments list — Yuzvendra Chahal. His price of Rs. 10 Lacs returned an <span class="markup--strong markup--p-strong">82.6X multiple</span> on the investment !<br /><br />But this isn’t the first time “cheap” players outperformed at the IPL. In fact, <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.espncricinfo.com%2Fiplcountdown%2Fcontent%2Fstory%2F1090031.html" class="markup--anchor markup--p-anchor" target="_blank">it happens rather often</a>. For example,<br /><br /><ul class="postList"><li class="graf graf--li graf-after--p">Shane Watson was bought in the second of two auctions in the inaugural IPL in 2008 for a sum of Rs.50 Lacs ($125,000) and ended up as the Player of the Tournament.</li><li class="graf graf--li graf-after--li">Shaun Marsh was purchased for his base price of Rs. 12 Lacs ($30,000) in 2008 and ended up as the highest run-getter of the season.</li><li class="graf graf--li graf-after--li graf--trailing">Andre Russel, no. 3 in the list of best investments of IPL 2016, finished as the Player of the Tournament in 2015, at the price of Rs. 60 Lacs ($97,000)</li></ul></section><section>And which players represented the worst investments in last year’s IPL ?</section><section><br /></section><section>
	
	
	
	
	
	<div type="image" title="4" msid="58225765" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>












</section><section><br />With the exception of Pawan Negi (<em>What might have been the rationale that appeared to justify a Rs. 8.5 Crore investment in Pawan Negi ?</em>), each of the worst investments — David Miller, MS Dhoni, Mitchell Johnson &amp; Suresh Raina represents a proven international star worthy of the price tag.<br /><br />In fact, for all the star power in the IPL, only two teams returned a meaningfully positive return on investment in 2016, the two finalists — Sunrisers Hyderabad and Royal Challengers Bangalore.</section><section><br /></section><section>
	
	
	
	
	
	<div type="image" title="5" msid="58225797" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>













<br /><section>Turns out that investing in IPL player auctions is just as risky and the outcomes are(<em>dare I say it</em>) just as difficult to predict as VC investing.<br /><br /></section><section>What might the best VC investments of all time have in common with successful IPL bets ?<br /></section><section><br />Lets take a look at the snapshot below:</section><section><br /></section><section>
	
	
	
	
	<div type="image" title="6" msid="58225824" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://twitter.com/nitinsharma1/status/837266758612430848&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>











</section><section><br />Each of these companies (Tencent, LinkedIn, Snapchat, WhatsApp, Google, Facebook, Juniper Networks, and Alibaba) represents an excellent investment because they all ended up as large standalone firms or acquisitions.<br />The most recent of these examples is how <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.businessinsider.in%2Fhow-snapchats-first-investor-found-snapchat-when-it-had-less-than-100000-users%2Farticleshow%2F56945155.cms" class="markup--anchor markup--p-anchor" target="_blank">Lightspeed Venture Partners’ benefitted from being the first investor in Snapchat</a>.<br /><br /><em>How much of a difference does acting early on a successful investment make?</em><br /><br />A timeline representation of AppDynamics fund-raise journey up until its $3.6 Billion acquisition answers that question:</section><section><br /></section><section>
	
	
	
	
	<div type="image" title="7" msid="58225853" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://twitter.com/EquityZen/status/824259839559766016&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>











<br /></section><section><section>Lightspeed yet again gets to be one of the first investors here and the value of the $5.5 Million investment ($572 Million) is greater than the appreciated value of any subsequent round at the time of the acquisition by Cisco.<br />The following extract from <a href="https://medium.com/r/?url=https%3A%2F%2Fwww.recode.net%2F2017%2F4%2F12%2F15274220%2Fjeff-bezos-amazon-shareholders-letter-day-2-disagree-and-commit" class="markup--anchor markup--p-anchor" target="_blank">Jeff Bezos’ 2017 shareholder letter </a>appears particularly relevant in this context:<br /><br /></section><section></section><br /></section></section>

What the IPL can teach us about Investing

Everything comes at a price even cricket players. Indian Premier League (IPL) season kicked-off amid glitzy ceremony and eight teams will be contesting with each other to win the coveted trophy.<br />
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Preparations for the IPL extravaganza had begun long time back with auction of cricketers from India and across the world (minus Pakistan).<br />
 <br /> Owners of the eight teams- Delhi Daredevils, <keyword id="13880" type="COMPANY" weightage="20" keywordseo="Mumbai-Indians">Mumbai Indians</keyword>, Kings XI Punjab, <keyword id="1494441" type="PERSON" weightage="20" keywordseo="Sunrisers-Hyderabad">Sunrisers Hyderabad</keyword>, <keyword id="6354467" type="PERSON" weightage="20" keywordseo="Kolkata-Knight-Riders">Kolkata Knight Riders</keyword>, Royal Challengers Bangalore, Rising Pune Supergiants and Gujarat Lions- retained and even poached players from other teams by bidding a higher amount.<br />
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The bidding process threw many surprises as players like Nathu Singh were netted for Rs 3.2 crore. Even M Ashwin was auctioned for Rs 4.5 crore from previous Rs 10 lakh.<br />
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Here is a complete list of players who were auctioned for crore of rupees, taking the whole cricket festival a notch higher<br />
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Shane Watson- Rs 9.50 crore<br />
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Kane Richardson-Rs 2 crore<br />
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Stuart Binny-Rs 2 crore<br />
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Jaydev Unadkat- Rs 1.60 crore<br />
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John Hastings-Rs 1.30 crore<br />
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Mohit Sharma-Rs 6.50 crore<br />
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Kyle Abbot- Rs 2.10 crore<br />
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Pawan Negi-Rs 8.50 crore<br />
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Chris Morris-Rs 7 crore<br />
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Carlos Brathwaite- Rs 4.20 crore<br />
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Sanju Samson- Rs 4.20 crore<br />
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Karun Nair- Rs 4 crore<br />
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Rishabh Pant- Rs 1.90 crore<br />
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Jos Buttler- Rs 3.80 crore<br />
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Nathu Singh- Rs 3.20 crore<br />
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Tim Southee- Rs 2.50 crore<br />
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Krunal Pandya- Rs 2 crore<br />
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Kishore Kamath- Rs 1.40 crore<br />
 <br />
Yuvraj Singh- Rs 7 crore<br />
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Ashish Nehra- Rs 5.50 crore<br />
 <br />
Deepak Hooda- Rs 4.20 crore<br />
 <br />
Barinder Sran- Rs 1.20 crore<br />
 <br />
Aditya Tare- Rs 1.20 crore<br />
 <br />
Mitchell Marsh- Rs 4.80 crore<br />
 <br />
Murugan Ashwin- Rs 4.50 crore<br />
 <br />
Ishant Sharma-Rs 3.80 crore<br />
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Kevin Pietersen- Rs 3.50 crore<br />
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Irfan Pathan- Rs 1 crore<br />
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Thisara Perera-Rs 1 crore<br />
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Aaron Finch- Rs 1 crore<br />
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Praveen Kumar- Rs 3.50 crore<br />
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Dwayne Smith- Rs 2.30 crore<br />
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Dale Steyn- Rs 2.30 crore<br />
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Dinesh Karthik- Rs 2.30 crore<br />
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Dhawal Kulkarni- Rs 2 crore<br />
 <br />
Eklavya Dwivedi- Rs 1 crore<br />
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(Images: Indiatimes)

You Searched For "Pawan Negi" and got 5 results

IPL Auction: Pawan Negi trumps Yuvraj Singh as the costliest Indian player at Rs 8.5 crore!

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What the IPL can teach us about Investing

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Cricketers who turned millionaires, thanks to IPL-9

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