Entrepreneurship, Entrepreneurs and Startups

EntrepreneurshipEntrepreneurs

&Startups

This is what it takes to create wealth for Good!

Prakash B PimpaleCDAC Mumbai

Entrepreneurship: Act of being an entrepreneur - wikipedia defines entrepreneur as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods

Entrepreneurs

Skills

Entrepreneurial skillsRisk-seeking InnovationChange-orientation PersistenceVisionary

Technical skills Domain specific hard skillsCommunicationCo-ordinating in team Interpersonal relations

Biz Management skillsPlanning, formulating Goals, decision-making, motivating, marketing, accounting, negotiation

How It Goes➢For 'some' reason you think of starting on your

own➢You get a chance to work on it➢You start ➢You fail and succeed iteratively➢You raise funding [Angel/Venture Capital]➢You scale ➢You sale or you are all set for an IPO

What Exists and What may Excel

Contemporary Startups➢Flipkart, Infibeam : Books, Electronic Stuff, Gifts, etc.➢Bookmyshow, Bookmytrainings : Bookings➢Makemytrip, Cleartrip, Redbus : Travel Booking➢Dealface, Groupon : Group Buying, Daily Deals➢Facebook, Twitter : Social➢Naukari, Jeevansathi : Hunt➢Paypal : Payment Gateway➢Desicrew : Rural BPO ➢RangDe, Inkfruit, Airtel, Google, JustDial, NIIT

Next big➢Analytics - Mu Sigma (Rs 580 crore from Sequoi and

General Atlantic)➢Online Docs – zoho➢Social Net - Custom social nets➢Electronic Commerce – Buildabazaar, firstcry.com➢Daily Deals/group buying – Groupon, mydala, daily deals,

snapdeals➢Telcom – Internet, applications, low cost services [?]➢Non Tech- Agriculture, Health Care, Human

resource/staffing, transport, banking, food, Clean tech (Solar, environment friendly products)

?

Where to start

Online forums

➢NASCOM Emerge Community➢National Entrepreneurship Network➢Pluggd.in➢iamstarting – interviews with founders➢TechCrunch➢open Coffee clubs / POCC➢Paul Graham Essays (Y Combinator)

Offline Stuff➢Magazines : Entrepreneur, DARE, Udyojak

(Marathi)➢Books: Many out there, For starters- books by

Rashmi Bansal

Read anything and every thing that interests you : An entrepreneur always looks for an opportunity in everything, almost everything!

Events➢Startup saturday➢Proto.in➢StartUp city➢iWeekend➢Startup Garage, pune➢NASSCOM Emerge➢TiE – The Indus Entrepreneurs➢Tata Jagriti Yatra

Funding➢Venture Capital: Sequoi capital, Cannon

Partners, (Vinod) Khosala Ventures➢Incubators (SINE IITB/CIIE IIMA)➢Angel Investors – Mumbai Angels, Indian

Angel Network➢Public – NSE/BSE

Seed.Early.Growth

Government Initiatives➢National Science & Technology

Entrepreneurship Development Board (NSTEDB), DST India

➢Technology Development Board (TDB), DST India

➢Incubators at IIMA, IITB, NCL Pune and many more by TDB

➢National Innovation Foundation – Competitions, Joint Product Development, ideas, Patenting

Why is this right time to start➢for technology startups – opensource,

digitisation, user maturity, funding➢for non tech startups – low cost processing with

automation, focus on core business, consumerism and growing incomes, awareness about the standard of living, funding

Any ideas?Thank you!