The Gray Hair Speaketh

Advice that is largely Unsolicited..

The Amazing Breed of Young Indian Entrepreneurs

Recently I attended StartUp Garage, just for a few hours, but I managed to interact with several young entrepreneurs and wannabe entrepreneurs.

This was not the first experience for me. I make it a point to connect with this breed, at various other startup events and mentoring opportunities, including Headstart’s StartUp Saturday, at the MentorEdge Rendezvous sessions, and TiE’s mentoring events, amongst others.

And almost always, I come back feeling very impressed. By the entrepreneurial energy in the first place. And sometimes, by the quality of business ventures that some of them are working on.

I think back to the many years back, when we graduated from engineering school. I do not remember a single classmate of mine, who went out, straight from college, to start a venture of his own. There were few who went and joined their family businesses. Which is an entirely different thing. But none that I remember, who started new ventures of their own, straight out of college.

Years later, many of my batchmates are today, running successful entrepreneurial ventures. But they all started after taking a few years experience, working in industry. Typically.

As against that, I am seeing just so many keen final year students (of engineering or management schools, typically) and students who have just passed out of college, who are all set to get into a business venture of theirs, I am amazed by it all!

That one has the dare at the early age, to chuck job offers, and venture out on one’s own.

To take on the challenges, not just of giving life to your idea, but also to take on other accompanying challenges of finance, team building, marketing, etc.

So irrespective of how good or viable these ideas are, that we have so many attempting to create their own businesses, it is truly impressive.

Coming the actual quality of the plans though, perhaps 1 out of 20, are good enough (by my assessment – and I could be wrong, of course!) to potentially become decent successes.

But that is not a bad ratio.

I was completely impressed for example, by this one entrepreneur, who had finished college few weeks back, and who demo-ed to me, a completely working and commercially viable, SaaS based video conferencing tool, with some excellent features. He may still have some challenges to get the UI improved, and of course, to figure out the pricing model and the marketing, but he has a full-fledged working prototype out there. Obviously made, even as he was a student in college.

Now that takes some doing.

And there are more like that.

I have this one other group of students, from another engineering college, who have set up an e-commerce venture, for selling text books. Again straight out of college. And a business model that I think, is extremely attractive, and can become very successful, if they can execute it right. They interact with me once in a while, and I am very bullish about this venture.

Indeed, these are excellent times, for India’s economy, and this level of confidence and dare, amongst the youth, can only help propel the growth rates. I am very happy about the entrepreneurial ecosystem in the country now. And I am happy to have occasional run-ins with these smart youngsters, and also happy to share the occasional gray hair wisdom with them 🙂

June 23, 2011 Posted by | Ecommerce, Startup, Technology | , , , , | 5 Comments