Hi, On Wednesday 15 May 2013 10:12 AM, jaya kumar wrote: > [...snip...] > So Why indian enterperneurs not having the idea of start up sites Like > Facebook or etc ., >
This is not exactly true. There are plenty of Indian entrepreneurs. Off the top of my head I can think of Gluster, SlideShare, PubMatic, Druva (disclaimer: I personally know the CEO of Druva) ...etc. All of these are pretty much market leaders in their market space, just like Facebook is in the socail network space. That said, there are a few realities that are specific to India which act as deterrents or disadvantages toward entrepreneurship in India. This articles covers some of these problem: http://articles.economictimes.indiatimes.com/2013-01-25/news/36548273_1_young-entrepreneurs-seedfund-job Besides these, those are some practical issues too: a. In India children's education and emergency medical costs are something that you have to plan towards and save up for. These costs are low to non-existent in a lot of developed nations. So bootstapping is much harder here in your 20s-30s unless you come from reasonably wealthy (and understanding) family. b. In India, failure is seen negatively in startup circles (ie: by VCs and other potential investors or even family / society). In the valley VCs generally judge you from what you've learnt from your failures. So they are more likely to fund someone who has tried once and gained from the experience than a complete new entrepreneur. This is not true in India. c. Government Bureaucracy and Corruption, coupled with arcane policies/lows governing the IT business. cheers, - steve _______________________________________________ ILUGC Mailing List: http://www.ae.iitm.ac.in/mailman/listinfo/ilugc
