India’s coolest start-ups….

India’s coolest start-ups

The latest issue of BUSINESS TODAY is on start-ups. Having worked in Bank Of India for 29 years ,I have had the opportunity of watching, Small Scale,Medium Scale and Large Scale industrial units grow from scratch to maturity and success.I have also seen them fail and turn sick.A few of them did revive as well. Hence I found the cover story very interesting.  This is what I wrote to the Editor of BT after reading the cover story :

Dear Sir,
Your cover story “India’s Coolest Start-ups” (BS 26th June 2011) was an interesting case study in itself, highlighting the success stories of entrepreneurs who had an idea whose time had come.
It is said that new ideas pass through three periods: a) it can’t be done, b) it probably can be done, but it’s not worth doing and c) I knew it was a good idea all along.Today,investors are attracted to such new ventures which are distinguished by their risk /reward profile and scalability.
 One major and interesting feature observed from such start ups is that generally they have lower bootstrapping costs,higher risk, but a higher potential for return on investment.
Another feature observed from these stories is that these days startups have several unique options for funding such as Venture Capital and Angel Investors.However,in practice though, many startups are initially funded by the founders themselves,as seen from the brief profiles of some companies in your cover story.
These stories have very important lessons to teach us.Often the difference between a successful person and a failure is not that one has better abilities or ideas, but the courage that one has to bet on one’s ideas,to take a calculated risk – and to act.
 Kudos to these entrepreneurs,but it will have to be seen in near future whether their companies prove the adage that ideas are the beginning points of all fortunes. 
New Delhi
I shall wait to see if my views are published in the next issue of BT or not,but anyway,I enjoyed responding to the feature.
Your views/responses will be appreciated.
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