Techie Product startups ? ....nah!

Why is India not going into the Products ? Why do we need to be led by somebody else ?
Why can't we lead the world ?

We have to admit. We have the man-power and we have the talent(well, we are there....almost, i guess), we have resources. Some of us have the motivation. But what do we lack ?

We lack Venture Capitalists. Thats what is pushing us to the pit (right now). I hope there will be change. One of my friend's friend worked in the US for 9 years on a SINGLE PRODUCT comes to India with the hopes of starting a company. He has a working model of his product. But nobody in INDIA is ready to fund him.I heard that Venture capitalists are ready to fund amusement parks like WonderLa.

Venture-Capitalists in Bangalore are ready to fund SERVICES sector and they consider Indian Manufacturing Segment as too Nascent to invest. Venture Capitalists in the US want to invest their money which is somewhere close to their houses.

Venture investors, however, prefer to fund startups within an hour's drive. For one, they're more likely to notice startups nearby. But when they do notice startups in other towns they prefer them to move. They don't want to have to travel to attend board meetings, and in any case the odds of succeeding are higher in a startup hub.

Bangalore is a big Services Hub atleast now. But there has to be some sections which should encourage "StartUp hubs".

StartUp Hubs should have (according to an article , I read) :-

a) An attractive town with a fabulous University nearby.

b) Liberalism.Most good startup ideas seem a little crazy;
What sending Text on a mobile phone ????!!! What ANOTHER SEARCH ENGINE ??? !!! What another mobile phone ???!!!! That's the connection between technology and liberalism.It's because liberal cities tolerate odd ideas, and smart people by definition have odd ideas.

c)Usually startups are started by Geeks.Most geeks like quieter pleasures. They like cafes instead of clubs; used bookshops instead of fashionable clothing shops; hiking instead of dancing; sunlight instead of tall buildings.

A professor at an IISc or an IIT who is highly regarded by his peers will get funding, pretty much regardless of the proposal. That wouldn't work for startups, whose founders aren't sponsored by organizations, and are often unknowns.In my opinion, companies started by Professors are way too focussed on academic self-learning rather than focussing on a buyer-base.

Everything is about TRUST & BELIEF in technology. Strongly for VCs and very very strongly for the founders of start-ups.

Wake up India !!! We gotta show to the world that we are more than just cheap workers !!