Abhishek Agarwal:- How to start a startup
Between Abhishek and Audience the following things were discussed
Starting with Motivation of starting up:-
The what and why questions.
What and Why I want to do what I want to do ?
What kind of stories do you want to tell your grand children
how do you want to be introduced at a party ?
People with un-realized potential are a cause of startups ?
Abhishek is comparing right now the various things you need to have to startup in Web 2.0 , Product or Service companies.
E.g. the kind of money you need for a dotcom(web2.0) , product or service company.
Guys you need to be here to know what Abhishek is talking about.
Abhishek made a very strong statement about money being an issue for not starting up right now because if you believe in your idea it is always possible to raise money its not as if that anyone actually needs to invest his own money into a startup.
Reasons not to startup
1. Want to gain experience
2. Want a bank balance
3. Career Risk
4. I love my job!! Duh!
5. Passing away the time window of starting for a particular idea.
6. Startup now vs. startup later ( the opportunity cost keeps on rising)
- Job now becomes startup never ...
He is currently debunking them one by one.
Time Window of high economic growth in India might pass away if it is not now.
Idea Arbitrage:- The meta idea of creating a web-startup which is tried and tested in US and replicating the same in India e.g. Ebay and Baazi being an Example.
Expanding this the meta idea , I believe in this " hey lets go and look at all the portfolio companies of what big VCs are funding in the valley right now figure what can be done in India with more longevity and faster than those companies and force them to die or make them buy us out, we can have hundreds of such startups right here in India instead of working for outsourcing companies which make their best and brightest work for the very same valley's early stage funded startups"
startup blues
well I wanna know even though a person is highly motivated for a startup still if the person does not get enough peer support is the start up going to be successful or die down eventually.
peer support : - startup blues
"Startup" exists after starting up. Lack of peer support means the idea to "Startup" might not happen. As one of my friends from valley put it - "Earlier all of us geeks/nerds in the valley worked for large corporations and then during dotcom people starting helping each other create Startups". This of one of the reasons why the Silicon Valley has all the cool startups and not Bangalore. This also means that you need to find the right kind of peers. Success of a startup is again dependent on the people+idea+timing+positioning+marketing+execution in the right mix.
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