The Bain Talk

In the thick of the sad placement scenario this semester, Mr. Amit Sinha, a Principal at Bain and Company gave a talk on "Why Start Up Amidst this Economic Meltdown?" today. A modest number of E-enthusiasts including CELites and non-CELites attended the session.

Mr. Sinha, a pro at start-up consultancy explored the various aspects of executing a business plan as a whole from ideating to sustainability to improvisation of the idea for making a start-up into a major business venture. Beginning with the social stigma attached with starting up like parental pressure and financial vulnerability, he went on to stress on the importance of team composition, dedication, faith in the concept and foreseeing the risks involved in a start up. Sharing his own experiences with budding and successful entrepreneurs, he came to the conclusion that an idea only contributes 20% of the success of a start up, the remaining 80% being execution. He also acknowledged the concept of promoting ideation via platforms like "Epsilon" and "Conquest" asserting how the competitions are playing a major role in promoting entrepreneurship.

He also touched the developing nature of the Indian Venture capitalist market and the immature nature of the economy in various sectors. Comparing it with the present US market, he said India still has a lot more to offer than the economies of many developed nations. Being a US return himself, he reassured the faith of the students in the Indian Economy calling it one of unimaginable potential.

Addressing the aspirations of each member of the audience personally and giving them a brilliant insight in the world of start-ups, the enlightened audience dispersed with a sense of purpose as they went on to their usual technological education.