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Entrepreneurship
 Entrepreneurs
       &
    Startups
   This is what it takes to create wealth for Good!


                                                  Prakash B Pimpale
                                                    CDAC Mumbai
Entrepreneurship: Act of being an entrepreneur - wikipedia
  defines entrepreneur as one who undertakes innovations,
  finance and business acumen in an effort to transform
  innovations into economic goods

Entrepreneurs
Skills




Technical skills
Domain specific hard skills   Biz Management skills
Communication                 Planning, formulating     Entrepreneurial skills
Co-ordinating in team         Goals, decision-making,   Risk-seeking
Interpersonal relations       motivating, marketing,    Innovation
                              accounting, negotiation   Change-orientation
                                                        Persistence
                                                        Visionary
How It Goes
➢
  For 'some' reason you think of starting on your
   own
➢
  You get a chance to work on it
➢
  You start
➢
  You fail and succeed iteratively
➢
  You raise funding [Angel/Venture Capital]
➢
  You scale
➢
  You sale or you are all set for an IPO
What Exists and What may Excel
Contemporary Startups
➢
  Flipkart, Infibeam : Books, Electronic Stuff, Gifts, etc.
➢
  Bookmyshow, Bookmytrainings : Bookings
➢
  Makemytrip, Cleartrip, Redbus : Travel Booking
➢
  Dealface, Groupon : Group Buying, Daily Deals
➢
  Facebook, Twitter : Social
➢
  Naukari, Jeevansathi : Hunt
➢
  Paypal : Payment Gateway
➢
  Desicrew : Rural BPO
➢
  RangDe, Inkfruit, Airtel, Google, JustDial, NIIT
Next big
➢
 Analytics - Mu Sigma (Rs 580 crore from Sequoi and
  General Atlantic)
➢
 Online Docs – zoho
➢
 Social Net - Custom social nets
➢
 Electronic Commerce – Buildabazaar, firstcry.com
➢
 Daily Deals/group buying – Groupon, mydala, daily deals,
  snapdeals
➢
 Telcom – Internet, applications, low cost services [?]
➢
 Non Tech- Agriculture, Health Care, Human
  resource/staffing, transport, banking, food, Clean tech
  (Solar, environment friendly products)
                            ?
Where to start
Online forums
➢
 NASCOM Emerge Community
➢
 National Entrepreneurship Network
➢
 Pluggd.in
➢
 iamstarting – interviews with founders
➢
 TechCrunch
➢
 open Coffee clubs / POCC
➢
 Paul Graham Essays (Y Combinator)
Offline Stuff
➢
  Magazines : Entrepreneur, DARE, Udyojak
   (Marathi)
➢
  Books: Many out there, For starters- books by
   Rashmi Bansal

    Read anything and every thing that interests
     you : An entrepreneur always looks for an
     opportunity in everything, almost everything!
Events
➢
  Startup saturday
➢
  Proto.in
➢
  StartUp city
➢
  iWeekend
➢
  Startup Garage, pune
➢
  NASSCOM Emerge
➢
  TiE – The Indus Entrepreneurs
➢
  Tata Jagriti Yatra
Funding
➢
 Venture Capital: Sequoi capital, Cannon
  Partners, (Vinod) Khosala Ventures
➢
 Incubators (SINE IITB/CIIE IIMA)
➢
 Angel Investors – Mumbai Angels, Indian
  Angel Network
➢
 Public – NSE/BSE

            Seed.Early.Growth
Government Initiatives
➢
  National Science & Technology
   Entrepreneurship Development Board
   (NSTEDB), DST India
➢
  Technology Development Board (TDB), DST
   India
➢
  Incubators at IIMA, IITB, NCL Pune and many
   more by TDB
➢
  National Innovation Foundation – Competitions,
   Joint Product Development, ideas, Patenting
Why is this right time to start
➢
  for technology startups – opensource,
   digitisation, user maturity, funding
➢
  for non tech startups – low cost processing with
   automation, focus on core business,
   consumerism and growing incomes, awareness
   about the standard of living, funding
Any ideas?
Thank you!

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Entrepreneurship, Entrepreneurs and Startups

  • 1. Entrepreneurship Entrepreneurs & Startups This is what it takes to create wealth for Good! Prakash B Pimpale CDAC Mumbai
  • 2. Entrepreneurship: Act of being an entrepreneur - wikipedia defines entrepreneur as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods Entrepreneurs
  • 3. Skills Technical skills Domain specific hard skills Biz Management skills Communication Planning, formulating Entrepreneurial skills Co-ordinating in team Goals, decision-making, Risk-seeking Interpersonal relations motivating, marketing, Innovation accounting, negotiation Change-orientation Persistence Visionary
  • 4. How It Goes ➢ For 'some' reason you think of starting on your own ➢ You get a chance to work on it ➢ You start ➢ You fail and succeed iteratively ➢ You raise funding [Angel/Venture Capital] ➢ You scale ➢ You sale or you are all set for an IPO
  • 5. What Exists and What may Excel
  • 6. Contemporary Startups ➢ Flipkart, Infibeam : Books, Electronic Stuff, Gifts, etc. ➢ Bookmyshow, Bookmytrainings : Bookings ➢ Makemytrip, Cleartrip, Redbus : Travel Booking ➢ Dealface, Groupon : Group Buying, Daily Deals ➢ Facebook, Twitter : Social ➢ Naukari, Jeevansathi : Hunt ➢ Paypal : Payment Gateway ➢ Desicrew : Rural BPO ➢ RangDe, Inkfruit, Airtel, Google, JustDial, NIIT
  • 7. Next big ➢ Analytics - Mu Sigma (Rs 580 crore from Sequoi and General Atlantic) ➢ Online Docs – zoho ➢ Social Net - Custom social nets ➢ Electronic Commerce – Buildabazaar, firstcry.com ➢ Daily Deals/group buying – Groupon, mydala, daily deals, snapdeals ➢ Telcom – Internet, applications, low cost services [?] ➢ Non Tech- Agriculture, Health Care, Human resource/staffing, transport, banking, food, Clean tech (Solar, environment friendly products) ?
  • 9. Online forums ➢ NASCOM Emerge Community ➢ National Entrepreneurship Network ➢ Pluggd.in ➢ iamstarting – interviews with founders ➢ TechCrunch ➢ open Coffee clubs / POCC ➢ Paul Graham Essays (Y Combinator)
  • 10. Offline Stuff ➢ Magazines : Entrepreneur, DARE, Udyojak (Marathi) ➢ Books: Many out there, For starters- books by Rashmi Bansal Read anything and every thing that interests you : An entrepreneur always looks for an opportunity in everything, almost everything!
  • 11. Events ➢ Startup saturday ➢ Proto.in ➢ StartUp city ➢ iWeekend ➢ Startup Garage, pune ➢ NASSCOM Emerge ➢ TiE – The Indus Entrepreneurs ➢ Tata Jagriti Yatra
  • 12. Funding ➢ Venture Capital: Sequoi capital, Cannon Partners, (Vinod) Khosala Ventures ➢ Incubators (SINE IITB/CIIE IIMA) ➢ Angel Investors – Mumbai Angels, Indian Angel Network ➢ Public – NSE/BSE Seed.Early.Growth
  • 13. Government Initiatives ➢ National Science & Technology Entrepreneurship Development Board (NSTEDB), DST India ➢ Technology Development Board (TDB), DST India ➢ Incubators at IIMA, IITB, NCL Pune and many more by TDB ➢ National Innovation Foundation – Competitions, Joint Product Development, ideas, Patenting
  • 14. Why is this right time to start ➢ for technology startups – opensource, digitisation, user maturity, funding ➢ for non tech startups – low cost processing with automation, focus on core business, consumerism and growing incomes, awareness about the standard of living, funding