Archive for the ‘India’ Category
Numbers. Monetization. Values and Compensation Mechanisms. Its essentially the building blocks of most systems and what keeps the wheels of most systems churning. That’s what should be driving everyone crazy. Isnt it? I don’t know about you, but it sure does drive me crazy.
Metrics. They are the easiest way to measure performance and to know that you are moving. Most of the times, as you are working with early and extremely early stage ventures, the only way to ensure that the focus of the team is on what is essential, is to set down a basic set of metrics that we can track and use to align ourselves as we go. It might seem like an extremely simple thing, but what you measure has to lot to say about what you value most. And when you make that decision in prioritizing, focus comes as a bi-product – a beautiful bi-product.
There is a danger to this. If you don’t think wide enough, then the easiest metric will be imposed on you, and in most cases its the rate at which your bank balance is depleting or increasing. Unfortunately, money is in most cases several levels down the chain in terms of processes, and measuring it directly might not give you much insight nor control to manage where you are heading.
So what am I getting at? As a startup, you need to measure, and measure everything.
I dont believe that currency is the only value system that exists. At the end of the day, even currencies are nothing more than a few numbers which give some standing among an audience. Find an alternate means to provide that and you would have created a different value system altogether.
How often do you check to ensure that you are on track? Atleast once every month. And when you do that, do keep someone who can guide you for better around. It will help, when you do notice you are not on track and need to scream out the words “Help!”
Its not a rarity these days to hear talks about turning entrepreneurship into a lifestyle. As a matter of fact, we – everyone of us who are involved in shaping the startup space in India – are quite glad that thats happening, because it just shows that things are changing, very much for the better.
Even as Barcamps, Open Coffee Clubs, Startup Saturdays and several forms of informal support groups are emerging in this country, one of the biggest problem that we seem to be facing is the fact that we are still very urban-centric. All these meets happen in four or five of the major metros in the country – whereas we probably should be a bit more inclusive about it. There are issues such as the lack of experienced entrepreneurs to share from their life’s tale and help out emerging and aspiring entrepreneurs that seem to be stiffling some of the productivity in some of these informal meets.
Well, technology can solve that problem in some aspect, and we are going to give it our best shot.
We are opening up this Chat Application that we’ve had built, and testing in some occassions to see how we can spin this to solve this issue. Every Saturday between 9am and 5pm – and without fail, every week, we are planning to keep the Proto.in Chat [Link here] open and anyone can visit the site, and interact with entrepreneurs from across the country. We understand that Startup Saturdays happen on the same dates, so if possible we will get someone who is attending the sessions to live chat in the sessions so that the wisdom share can be spread to a larger audience if possible.
So, we’ve done and are doing our part to solve this problem. Now the request is that you be a part of this, to be there, spend sometime in the channel, interacting with, and helping out one entrepreneur to another, and in truly making entrepreneurship a lifestyle choice for those who wish for it – even beyond the metros.
Looking forward to seeing you there. And spread the word.
Its 10:13pm. I just came back from IITM, after listening to a talk by Nandita Das on “Cinema and Social Change”. I have to admit that until today, I knew that the name had something to do with the Cine world, but I had no other associations of it. This is the first one, and it probably will last that way – thanks to Today.
There is something good about being in a University campus, and working there. You sometimes feel younger beyond your years, and sometimes you just feel out of place. In either case, it provides you an alternate reality – not that I wish for it, but the difference in perspective in opinion and viewpoint is one that I thoroughly enjoy.
I overall liked the talk. It was simple, casual, touched upon personal lives – had a wee bit of self promotion – was optimistic, and the tone was real. But perhaps the message was exaggerated.
See, Gandhi said the words “Be the change that you want to see”. Quite powerful words, and one that finds itself many meanings, depending on what lens you are wearing. Nandita felt free to use those words to stir up a moment, and even an applause from an audience. I dont blame her, but I think its a very common mistake. Let me tell you why. Read the rest of this entry »
I grew up with a poster in my room saying “The size of your world is as big as your dreams”. It was always there when you woke up to remind you to think beyond the box. It still hangs there in my room at my parents place. It’s the thought that came into my mind when I was browsing through the net, listening to some of the folk’s interpretation of Entrepreneurship.
It seems to me as if there are a couple of theories floating around these past few weeks.
a) Entrepreneurship is overrated. Entrepreneurship is romanticized, and the often tweeted and retweeted phrase seems to be “My son is without a job, ah! he is an entrepreneur”. Well, That’s probably pushing it far, and yep, perhaps we are breaking the elitism that was once associated with being an “entrepreneur”, but isn’t this what we wanted with all the publicizing that we did and urging one another to chase their dreams? I do see that this could dampen the ones that pride in elitism, but as far as things go, there will always be a gulf between those who can dream, ideate and implement, and those who just wear the badge and do nothing. And really, the more the merrier in this party.
b) There is also this other camp, that seems to think that, Entrepreneurship is too Web 2.0-ised. I can emphatize with this camp. I dont think entrepreneurship in India is equated with a venture in the web 2.0 world, but most of us derive our first impression from the media that we consume and web 2.0 is essentially Media and new age consumption of those content. You get hit by it in the face over and over again, till you find something interesting. That doesn’t mean that there arent other sort of ventures going on out there. Manufacturing is still one of our strongest sectors and there are plenty of neat things cooking up in that camp. So for those of you freaking out with the thought of drowning in Web 2.0 Gyaan, take heeed, there is a bigger world out there – you just need to step out more.
c) There is a third theory out there that there are a lot of NRIs returning home. And Rajiv Gandhi is rightly quoted that whatever happened a few decades ago was not brain drain, but brain banking. Along with those returning is returning a renewed sense of nationalism, pride, and a whole lot of global interaction practices, that really help us get our quality of work a notch higher to match global capabilities. The complaint is that, along with them comes the baggage to convert the cities of India, into New York and Boston, or London. They do have a point. But sooner or later as these fresh entrepreneurs hit the Registrar of Companies to get their incorporation work done, they will know that things work slightly in a different order in this country.
So, really gentlemen (and ladies), there is not much to fret. You can relax and enjoy the process as our landscape changes before our eyes.
We Really Don’t Dream Big Enough.
What I want to talk about really is not the concerns, but my own concern as to how we aren’t dreaming big Read the rest of this entry »
This is a continuation to a Post that I had written Earlier.
“Yahoo could emerge with an edge, if they leapfrog into other verticals following the same web-based advertisement network.”
For a company which has entrenched itself in the media space, managing advertisements networks i probably the holy grail. I wouldnt recommend that Yahoo give up that leverage. Instead of going head on with Google and losing out on that battle, all they need to do is leverage that asset in a different vertical.
I wrote about perhaps using advertising networks, especially multimedia (audio/video) ads in Radio and television networks. One could argue that the ad server requirements, the infrastructure requirement and cost of operations would significantly vary because of the medium. I’d agree to some extent. But there is also a way to deploy the already existing asset, as-is, into different verticals. Read on.
This is a wonderful time to be starting up. You will come across very few people who will give comparisons to all the benefits they get working for big corporates. Its one such time. Hiring will be slightly easier, and retaining them will be even more easier.
Even in the midst of all that, it does seem that a lot of the Startup Companies are hardpressed for resources here in India. Here’s a solution.
A few of us have been talking about putting together a centre that trains people (as blank slated as freshers) on the common technologies that people use while building products – the usual PHP, Python, AJAX, MySQL, etc etc and getting them upto speed on mashups, APIs, documentation, and moving forward. That is the level of skill that most of the startup community folks are looking for it seems. Or am I wrong here?
If I am right, then there is a simple way around it. Every chapter of OCC in the country is doing quite well. I heard from Santhosh that Pune is a 300 people group now (though I do suspect that the turn out ratio would be still less), but who knew Pune had 300 people who would be open to being part of a community right? And the same case has gone on with Bangalore, Kolkatta, Hyderabad, Chennai, Delhi, and even now and then with Mumbai.
Here’s the thought. What if in one of the OCCs a dozen of the startup companies, especially the folks who can code and code really well, commit that they will run a two month training program for people in these languages? It is going to take a bit of time and commitment, but there are a lot of resources already on the web, and with a couple of screencasts, and proper documentation, you could essentially also use it as training material for the next batch of people that you hire in your company later on.
What I am proposing is that a batch of technology entrepreneurs, each taking a week to cover different aspects of the course, could put their hands together to collaboratively solve an issue which is haunting a great many of them. Read the rest of this entry »