An Indian startup blogger writes on fundraising, entrepreneur stress, founder advice, and the future of higher education.
HN commenters cite it for Series A traction advice and market size, but one calls a post sensational with little proof behind its claims.
Very Sensational. And very little proof to back it up.
I dont know if IIT Delhi is the most entrepreneurial - because some is running around with a watermelon helmet and produced a movie? :)
Any cohort, be is the top 20% or the long tail, will have few risktakers. how does having the IIT Tagline make things any different?
Even by your own thought process, I wouldnt say they dont want to fail, they just have a very different notion of success and I'm sure they believe they are successful. Let them be.
At the end of the day, whether we choose to become entrepreneurs, fight the daily battles of life, or take a route that pays well - we have to stay true to our Dharma (that's really what it all comes down to).
PS: It does look like IITians and IIM grads find their way into the ecosystem - most of them as venture capitalists. About 60% of the Associate Partners in Indian Venture Capital firms come from IIT / IIMs (lower from 80% as to 5-10 years ago). Thats out of a sample of 1500 AP Positions (roughly)
Source (http://bestengagingcommunities.com/2012/07/10/how-to-get-a-job-as-a-venture-capitalist/)
To be honest, this seems like a set of 'nice company policies,' rather than core values. A lot of these could be summarized with a single value that they are idealizing. This list looks like a good way to implement those core values.
Edit: Here are the core values of Google, Apple, Facebook, Zynga, Salesforce, Amazon, Microsoft, IBM, Netflix, HP, Zappos, Twitter, LinkedIn, SAS, and Cisco.
http://bestengagingcommunities.com/2012/07/31/a-sample-of-the-values-and-culture-of-leading-technology-companies/
Make sure you read the comment below by Mukund as well at: http://bestengagingcommunities.com/2011/12/31/why-mentos-is-now-legal-tender-in-india/, where he talked about how Mentos act as currency in India. It's a short blip and there's nothing about its geographical significance nor how widespread the effect is. But it's still some post that provides an interesting look at other cultures and quite a fun read.
I've read unless you'vew already had a successful exit it hard to get funidng without traction. This artical talks about how much traction you might need. Also, assume your target market needs to be at least $100 million.
http://bestengagingcommunities.com/2013/02/09/how-much-traction-is-enough-to-get-seed-funded-or-to-get-into-an-accelerator/