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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
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)
?
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