TechSparks 2012 Chennai Round Table
Here are the points from TechSparks 2012 Chennai Round table
Cost of entry for product companies is very high inIndia, but thanks to technology, the trend is changing
Dropbox is an interesting idea; they have not invested in a single hardware. A classic case of using cloud technology
“kayyil” is a mobile phones based social learning initiative by Classle knowledge
First time / generation entrepreneurs scale up at a much faster rate
It is also many a times important not to get distracted by too much technology
Product workshop by Aditya Kulkarni was interesting. This was the first time in Chennai that such a workshop was arranged.
It’s stunning to know that companies who have made it big were started with very little capital, VT Bharadwaj of Sequoia Capital
In India it’s really hard to make people shell out money for product / services
Time to success with proven model is quick
The time to incubate is higher in India
Maintain differentiation, a key for startups
Getting feedback from your customers and improving consistently is for scaling especially for different markets – VT Bharadwaj
One of the interesting aspects about India is that there are so many areas that are growing
Evidence of customers loving the product/ service is also important while selecting the venture
For more details on TechSparks 2012 and to register for the coming events, check here
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