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@HeadStart 09 Bangalore - The Entrepreneur Round Table
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We just reached Headstart at Bangalore. A delayed flight and fuel strike delayed us reaching the event. But nevertheless we are here and are bringing you the updates via live blogging and also via twitter. We missed the Entrepreneur roundtable panel in the morning and are reproducing the synopsis via the headstart blog.
Panel in the morning was an entrepreneur roundtable which included the following panelists:
- Jay Pullur from Pramati
- Giri Krishna from Sylvan Learning
- Sujai Karampuri from Sloka Telecom
- Moderated by Srinivasan from Amagi.
The discussion was started by Pullur who asked what an entrepreneur should do in these challenging days? He outlined the challenges that anentrepreneur faces everyday.
He stated “95% of the profits goes to only 3 companies - IBM, Microsoft and HP. The other 7500 companies are fighting for the rest 5%. He said that plenty of companies have also been cornered out by the larger operators - Siebel was one”
He also stated “Consumer products is a completely new game. There are, perhaps, million different offerings. The market is much different in consumer arena and it is much easier to make profits. But then, those are not necessarily technology products unless you are a large company. Things like Tell-A-Friend from Pramati has been very well appreciated.”
Sujai spoke on his experience at raising funding. He pointed out that VC’s don’t fund product startups. He also stated that Silicon Valley Vc’s are known to fund ideas and first time entrepreneur but thats not the case in India. To illustrate this he showed his own companies product which he stated that ‘this cheapest base stations, which is 6 times cheaper than the closest competitors and yet we have failed to secure funding from Indian VCs’.
He felt that there was a whole VC worship syndrome in India and also a replication of the US syndrome which is wrong given that India is a completely different market. According to himsad reality is that Indian Tech Companies are not getting funding as much as they need to drive innovation.
Giri Krishna spoke of three things that technology entrepreneurs can do - Drive technology, drive strategy or build organizations.
(Via Headstart blog)
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