Titled The fundamentals of funding startups in India, it explores the Venture Capital Market in India. Though the article is pretty old - Dec 2004, here are a few excerpts:
"No one's funding me" was the plaintive howl of an MBA from the Indian Institute of Management who was telling me why he decided to go ahead and be an employee - notwithstanding his supposed passion to start a business
Another started off with the two words that somehow get under my skin every time I come across them. "Opportunity cost," he said. Meaning he was doing some complex mental calculus to figure out if he would be better off by either (a) taking a big-paying job now with a linear income growth or (b) jumping into entrepreneurship with uncertain success - and an exponential income growth when it happens.
First things first. Anybody who even thinks in terms of 'opportunity cost' is not cut out to be an entrepreneur. Don't even bother going there if you're drawing mental curves and seeing in which year of your life they will intersect.
He also goes on to recollect that the Tatas & the Ambanis didn't start with VC, and the fact that the VC market in India hasn't matured isn't bad news. But here is one quote about entrepreneurship, that I thoroughly dig:
Entrepreneurship is a calling. It is not a carefully-calculated decision based on solving quadratic equations. You want to do something big and not work in somebody else's office for the rest of your life. You then take a gulp of air, come to the edge, and step off.
0 comments :: Startup@India
Post a Comment