What is Financial Inclusion? Financial inclusion is the delivery of financial services & products to sections of disadvantaged and low income segments of society, at an affordable cost in a fair and transparent manner by regulated mainstream institutional players. The term “financial inclusion” has gained importance since the early 2000s, and is a result of findings about...
I have written previously about how to evaluate accelerators and choosing the right accelerator since there are so many of them these days and also about what the goal of an accelerator is. I wanted to share somethings that entrepreneurs should expect from an accelerator from a perspective of a startup founder. I think the best thing that has happened is that so many accelerators have opened in...
Dr Raghuram Rajan, Chief Economic Adviser to the MoF, GoI, was the chief guest at the IIMB convocation this year. I had the privilege of meeting him briefly before the convocation started. We talked about jugaad, Indian industry’s innovation capabilities, and which companies stand out on the innovation dimension. One question that Dr. Rajan asked was something that I have thought about...
Accelerators are in the business of creating Startups – or atleast taking the first bet. Its a startup of startups; Which means, everything they talk about as risk, in venture capital nicely gets bundled up and will get put on the head of what is the accelerator. Going back to the basics, Now depending on which accelerator you are involved with, there might be two or three key milestones...
If today a survey in done in schools across India and students are asked some questions like, What are your favorite hobbies or pastime? What do you do after going back home from school? What do you do during holidays? You’ll get all sorts of answers but ‘Entrepreneurship’. Even worse, if the following question is also included, Have you heard about the word...
The proverbial chicken and egg problem of building a new social product is well understood among tech startups, and it’s been commonplace to follow two contrasting mechanisms for getting traction. Traditionally, startups have solved this problem by racing to connect users with each other, essentially providing them the pipes to interact with each other. Twitter, Facebook and LinkedIn have grown...
I love Israel. Having been there 7-8 times over 5 years when I worked for a company (Mercury Interactive, acquired by HP) that had its development center there, I believe they have some of the best developers, product thinkers and execution oriented folks. They are also amazing at marketing. They have successfully convinced the world that they are the “startup nation“. Never mind that they...
Depending upon who do you ask the question, the answer to “Indian Startup ecosystem has a shortage of good quality?” would oscillate between kick-ass investors and great customers. While the presence of both is crucial to validate the success of the startup, founders always seem to be cut-off from both of kick-ass investors. With India poised towards climbing up the entrepreneurial ladders, no...
Advisory boards are rarely meant for fixing fundamental flaws with business plans. Having big names on the advisory boards, purely for their name value, rarely works. It might help a little in raising venture money, if at all. However, when composed and used wisely, advisory boards can help your product company choose the right corporate, product, market and sales strategies. Simply put, your...
Building products when you know the need is hard. Building products which create a new market is harder.In the first case, you know a problem, you envisage a solution and you build a product which solves the problem. People start buying your product as they know they have a need for it.In the second case, you have to first convince the customers there is a need. You have to show them that things...
