After working in US and China, I keep wondering why India doesn't have the quality of founders who can successfully start, scale and IPO their companies. What is it that the founders or the whole ecosystem lacks? Why don't we have more startup success stories like Apple, Microsoft, Alibaba, Tencent etc ? Am asking because I want to help Indian founders make great companies, so just want to understand what's the opinion of the market out there.
#startup #founders #India
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1) all the companies that you see in China (alibaba , ten cent , baidu etc..) exist because the US counterpart (Amazon, Facebook, Twitter,google ) off these companies were either blocked or over regulated by the Chinese government ...
2) most of the US companies who could have crushed these startups chose to not operate there + China internet is completely behind a firewall.
3) Most Chinese tech started as a copy cat product of American companies but under the official protection of CCP.
4) rest of the world doesn’t have the same level of protection from There government . For example in India the dominant tech companies are US based companies and the internet is not sanctioned....
5) India still has a healthy startup ecosystem... just lookup startup in e-commerce and services sector in India
They are the outliers and not India - 99% of countries don't have a great startup eco system.
One thing that both China and the US have in common is that they have a huge local market where local companies have a huge advantage and they dont really need to grow anywhere else to be successful.
For startups and ecosystems, it requires ‘lot’ of people doing the right things. That doesn’t happen in India. Few good people try to do the right thing and they do get some success.
It's because of the life there. What my time there taught me was that everyday was a fight for survival be it taking public transportation or crossing the street. In the US or in most developed nations, we take those things for granted. It's easy to sit in a developed part of the world where you can't even deal with 10 mins of power loss and blame the education system in a developing nation where the basic infrastructure does not exist yet. Their day to day is very different from ours. Because fewer people have access to the internet, and fewer people have access to computers, even fewer have personal laptops, the basic setup is not there for them to succeed. There are more people that can try in the US, can become self-taught experts. That is simply not there in India in abundance.