[Ilugc] [OT] Why Our Country Lacking Enterprenuers Like Mark Zuckerburg ?
- From: steve@xxxxxxxxxxxx (steve)
- Date: Wed, 15 May 2013 19:27:39 +0530
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
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