Having made a recent vacation trip to India, I had been to a start-up event in Bangalore. Although some speakers and topics were major disappointments (more on this in another post, hopefully), I had the opportunity to talk to some really smart CEOs and investors who were well tuned with the global entrepreneurship scenario. Not surprisingly, our topics always circled back to why India has more service companies than product companies. Don’t get me wrong, I am not against service companies (after all, that is what has caused us to be known in the global start-up scene), but haven’t we always wondered if it is the lack of something that prevents us from achieving that feat as well (given our competitive nature)?
That is the reason it was so refreshing to read today’s article by Paul Joseph of EntrepreneurHeat about how Chennai, one of India’s primary manufacturing hub (also known as the “Detroit of India”), is now leading the way in developing world-class product technological start-ups. Some of the examples mentioned are really inspiring. I have tried to pick the best ones below:
- Zoho Corporation: “has brushed off acquisition overtures from many leading Silicon Valley corporations and believes in bootstrapping his way to success. He has started a university kind of training within the company to grow talent.”
- OrangeScape: “has jointly launched a product named KISSFlow along with industry giant Google in its flagship event Google. IO last week. This is the first time that Google as a company has partnered with another company to launch a product (so far every product launch has been its own, inhouse built, and 100% owned).”
- Freshdesk: “has taken the global leader Zendesk head on, on this task (to a point where the Zendesk CEO seems to be shaken).”, “have also raised a round of funding from Accel to the tune of $6mn.”
These are just some brief stats to indicate the potential of global strategic partnerships for the country’s young minds. Some of these leading entrepreneurs have also been inspiring images on improving India’s start-up ecosystem.
It will be really interesting to see how Chennai’s start, along with Bangalore’s well known tech capabilities and Mumbai’s commercial mindset, will influence the country’s growing entrepreneurship development.
Courtesy: Jocelyn K. Glei
“We need a new playbook,” says entrepreneur and author Ben Casnocha
. “The world has changed. The world of work has changed. Many of the assumptions that have guided how we think about careers in America are no longer true.”
The Start-Up of You, written by Casnocha and LinkedIn co-founder Reid Hoffman, is that playbook. It argues that we can no longer expect to find a job, instead we must make our jobs. As Hoffman says, we have to “find a way to add value in a way no one else can. For entrepreneurs, it’s differentiate or die — that now goes for all of us.”*
Relevant for recent grads to mid-career professionals in the midst of a transition, Start-Up provides pragmatic, actionable advice, finishing each chapter with tasks to complete in the next day, in the next week, and in the next month.
I chatted with Casnocha — a longtime favorite blogger of mine — after reading Start-Up to explore the book’s themes in more depth and investigate his collaborative process with Reid.
Entrepreneurs don’t win based on raw talent alone. Success depends on talent, hard work, and not-so-dumb luck, according to Clarence Wooten, who’s launched his share of startups including Image Cafe in 1998 and seven months later sold it to Network Solutions/Verisign for $23 million.
Instead, successful startups come from a combination of many things including preparation, sweat and luck, Wooten told attendees of the inaugural MIT Sloan Hi-Tech Conference on Friday. There, Wooten, who is now working on Arrived offered 12 lessons for entrepreneurs. Here’s a summary:
- Paycheck is an addiction. Not unlike crack cocaine. Entrepreneurs have to break that addiction to build an asset that will pay off long-term, not in a weekly paycheck.
Read the full story here
An annual week-long, 24-hours-a-day technology festival, where thousands of ‘campuseros’ descend on a huge venue with their laptops and other gear, camp on-site and do what they do best: get their geek on.
For Details: Click Here
Read this interesting article on YourStory.in
The writer is an ex-Googler and avid blogger. He points out some interesting aspects of designing a product or a service to suit local standards. We are all aware that Localisation is the new Globalisation. This article gives few good insights of good service/product design.
1. Kishore Biyani’s Big Bazaar – As opposed to conventional thinking that, retail stores need to be well laid out, spacious etc., Big Bazaar is clumsy, narrow lanes, tills and messy. Announcements are loud. Overall it represents the typical Indian bazaar where Indians love to shop and bargain. Research says, that this has added to Big Bazaar’s increasing sales!Who would have thought to design a retail supermarket that makes shopping clumsy and noisy!
2. Online shopping Carts- Design the buttons and pages so that users feel confident to explore the sites and not be scared that clicking on a button will result in charging their debit/credit cards. Usage of names like “Pick Up” on buttons instead of “Buy” makes consumers more confident to click on them.
3. Address forms- Online shopping carts often have address text boxes to be filled in. The writer suggests using Google Map instead to locate the house and the address gets auto-populated. Author argues that in India, where often small streets do not have names, this is better. Interesting thought! But doubt how well this will work!
To check out the full article please click here.