Can Indian Society produce Gates/Larry/Zuckerberg?
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And we see ConnectU's founders are much better in enjoy life outside their startup.
I think the idea of traction is very dangerous. It gives an excuse for losing competitors to sooth their fragile hearts. But if you believe market is efficient and ruthless and if you agree that users vote with their browsers in Web 2.0 world, then the failure of the competitors should be attributed more to failing to give what users want than the winner has more traction!
Case in point? Google Search vs. Hotbot Search vs. Alta Vista Search vs. Windows Live Search and Yahoo! Search in U.S.
Markets are nice and all, and entry costs are lower than they used to be, but there are still such things as brand and users still have habits.
Case in point? eBay.
In the case of Ebay, what a buyer and a seller wants in common is there is a large pools of users in the site. So they have better chance to find the other end of the transaction. So even though currently eBay can't satisfy its users in different aspects, but they have the most important element in auction: a lot of users. This is the same for dating sites.
So to build a new competitor against eBay, the most important thing is to figure out how to convert users in eBay to the new competitors. I guess anyone who figure this out will reap the reward.
I just think we use "brand" and "habits" too much without reallying understanding the reality. A successful product or service must satisfy a demand. Even in soft drink market, where there is no difference between them. But each one uses a "brand image" to resort to different customers' psychology. So the product actually fulfill the need of consumers' desire to define themselves. From this point of view, they create a product that is what people want.
In any case, I was responding to jrockway's comment "someone who steals his employer's idea and makes billions off it".
This is what I've heard and I've also worked in that part of the world(i.e. Pakistan) but I'm not really sure about India.
But as of today, things are changing, and i guess the other points really do not apply as much as probably they might have 20 years back.
Reminds me when we had a job opening and some indian guy applied for it with a fourteen page long resume.
What is it with these people and their obsession for academics and credentials?
Thankfully, things changed from 1991 onwards, from what we call here as 'economic liberalization' (loosening of government controls and restrictions). Add to that more exposure/integration with the 'west' through media/internet and now the attitudes towards business/learning/other activities are changing.
The change will take time, and it's just my guess that the next generation that really doesn't have to worry about the basic issues of life as much would be far more risk taking, and would be doing more game changing things, relative to what's being done today.
I remember one of PG's essay where he mentioned his reasons of why some of the other places cannot replicate a 'Silicon Valley'. If i remember correctly, his take on Bangalore/India was that inherently since the country is still poor, it would be very difficult for it replicate the valley culture at this point at least. (He used an example of uneven steps on a railway station in that essay). His reasoning is not wide off the mark.
But as i said, we are very optimistic, things are gonna get way better, way sooner.
Extreme competition, limited opportunity and rigid social hierarchy.
they've still not sorted their caste system
The trouble is that it is too sorted. :-). But on a serious note, economic development on the whole can help a long way in removing social evils as well. Some things might appear simple and logical to improve, but it ain't easy given the 'diversity' (and number!) of people in our country.http://infosysblogs.com/managing-offshore-it/2008/07/do_you_...
Prizes:
1. Best (and only) dissertation, 2005
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12. 6'th grade spelling bee champion
Employment:
Teaching Assistant, Hicksville College
Assisted in the teaching of a variety of courses, including Calculus 1, Calculus 2, Calculus 3, Differential Equations, Discrete Math and Precalculus. My teaching style reflects my commitment to diversity, technology in the classroom, helping my slowest students succeed and making sure the strongest are challenged. In addition to teaching, I held office hours to assist students in learning material they had not mastered in class. Additionally, I graded homework and exams and tracked the grades using Microsoft Excel. I was also responsible for writing Excel macros to add up the grades.
Instructor, Hicksville College
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(Note: that part about excel macros isn't an exaggeration.)
Also, doing an end-run around broadband might be an even better strategy. How about distributing OpenMoko sets and programming environments?
Another thing to look at -- see what the US is doing wrong and give India an advantage by not duplicating those mistakes.
Isn't the value what a steel company produces already laying inside of the ground? Making money off of natural resources seems to require connections in government more so than it does skill or innovation.
Secondly, you don't know much about steel. For a start it is not "already laying inside the ground" (go on, find me a "steel mine" somewhere). It's not one thing either; there are countless alloys, and every customer wants something slightly different. Steel is a manufacturing business like any other. You might as well say the products of a bakery are just growing in a field somewhere.
Especially at this current period when steel prices are plummeting faster than prices of raw materials are.
Managing a steel mill is not for the faint-hearted. It's nothing like running a tech company.
I had dinner with Sunil Mittal once last year, and he had a constant stream of stories about how the Indian government regulations are so restrictive for aspiring entrepreneurs. Apparently you couldn't import touchtone phones at one point, so he had to have them disassembled & shipped separately to different places just so he could sell them in India. Indian trade policy has gotten better, but there's still room to improve.
Given this scenario, getting a 'safe' job and earn money working for someone else is the better option for most.