Think anything crazy and you are sure to get invested in US if you pitch well…
Think anything which already exists but not yet introduced in India, you are sure to get invested in India
As we crib of lack of innovations in India, does it really matter and does it really have investors seeking to invest in millions?
When I researched and kept researching the art and science of entrepreneurship ecosystem in US, Europe, Africa, Australia, Middle East, Netherland, Russia, Mexico and many other countries realized that PROBING means different to different individuals who wish to be entrepreneurs
Few years back, the ones who initiated business in India copied a successful replicable not yet done model in India and Investors too didn’t mind investing in such ventures..
Same side, there were dozens of innovation holding dust in college libraries or in some houses but with no takers and most importantly because of design aesthetics no one wished to invest..
Many design schools too got opened, but creativity again needed PROBING.. international probing of what is needed to succeed so INNOVATION again needed PROBING..
Slowly and surely multiple incubators /accelerators mushroomed in India too but lack of mentors or even still the expectations of entrepreneurs shot up..
None wish to think below Rs20lacs or Rs30lacs and now there is a catch 2 situation.. Should these entrepreneurs be funded or kept informed to search jobs and learn more and then become entrepreneurs?
The number of Series A funds have dipped drastically.. So what happens to the 1000 or 10000 startups out to win the global market?
Does currency matter a lot? Absolute yes.. and conditioning mind from being service centric to product centric is more vital for developing (near developed) country like India.
Why do best of geeks perform from India perform well in US and get bogged by pressures during work in India?
It is because of consulting mindset, a thought to work on hourly basis.. and even if product investments happen, unless the best from best of institutes not as founder member, it is a risk..
As i experiment with individuals from all walks of society, the biggest challenge is motivating all to think / attempt to become entrepreneur and will they get investments? Not sure.. but what they may get is a market reach and traction to sustain themselves..
Finally what is so special about US startups?
Innovation.. and ability to identify right pain points.
Is there a clutter of no show investments in US too?
Obviously yes.. as to how many investors would wish to invest in already cluttered market and purely focus only on IT/ECOMMERCE based solutions..
There are surely many investors in India who also wish to invest in innovations in India but again a fear of non show in Series A may be detrimental for creativity, innovations in India.
My focus on accelerator program is guiding the individuals to make strong technical scalable product or service.