Hi guys this a study conducted using the primary data of real startup founders and how they attained that position and what are the surface level and deep problems facing by them and how they can be addressed to create a startup friendly india which helps for sustainable growth and development

1. +
Submitted by,
YUGANDHAR PRUDHVI. M
PGDM 1st Year
Reg. Number: 1713120
Thiagarajar School of Management

2. ❶ Introduction:
Startup is an entrepreneurial venture which is typically a newly emerged, fast-
growing business that aims to meet a marketplace need by developing a viable
business model around an innovative product, service, process or a platform. A
startup is usually a company designed to effectively develop and validate a scalable
business model.
A startup ecosystem is formed by people, startups in their various stages and
various types of organizations in a location (physical or virtual), interacting as a
system to create and scale new startup companies. These organizations can be
further divided into categories such as universities, funding organizations, support
organizations (like incubators, accelerators, co-working spaces etc.), research
organizations, service provider organizations (like legal, financial services etc.) and
large corporations. Different organizations typically focus on specific parts of the
ecosystem function and startups at their specific development stage(s).
According to DIPP Startup means an entity, incorporated or registered in India Not
prior to seven years, however for Biotechnology Startups not prior to ten years, With
an annual turnover not exceeding INR 25 crore in any preceding financial year, and
working towards innovation, development or improvement of products or processes
or services, or if it is a scalable business model with a high potential of employment
generation or wealth creation.
❷ Aim:
To have a holistic view on how startup’s operates, how they are sustaining and
become successful in future.

3. ❸ Objectives:
To know the various problems faced by the startups including legal and other issues
and how they can be solved.
To know how the startup founders are thinking on current and future booming
sectors of startups.
To know the opinion on innovation by startup’s.
To know their contribution to economy and employment thereby how they
benefitting both nation and individual as a whole.
❹ Methodology:
Research is done by collecting the data from the existing Startup Founders as it
helps to rightly ascertain the current startup situation and to analyse the future of the
same. Research analysis is done by the primary data that is exclusively collected for
the survey and no secondary data is involved. This survey deals with the objectives
of the research study. Sending questionnaires via Google form and analysing that
responses is the methodology followed in this survey. Analysis can be done by using
the percentage based information that are generated through people’s responses.

4. ❺ Analysis and Interpretation based on the
Survey:
Interpretation: As per the above data 84.2% agrees that Startup’s are really
performing well and only 15.8% agrees that Startup’s are really not performing well.
So, it is analysed Startup’s are really performing well.
Interpretation: As per the above data 36.8% supported that Startup’s needs to be
acquired or merged with established companies and 63.2% were against to the
acquisition or merger of Startup’s by the established company. So, it is analysed that
many Startup founders are thinking that their Startup’s should not be acquired or
merged with established companies.

5. Interpretation: As per the above data 73.7% of the Startup’s are facing legal issues
whereas only 26.3% feel that Startup’s are not facing legal issues. So, it is analysed
that Startup’s are facing any legal issues.
Interpretation: As per the above data 38.9% felt that Correlating with legal startup’s
solves legal issues faced by startup’s, 33.3% felt using legal advisory is helpful and
27.8% felt that hiring the lawyer at specific times will be effective. So, it is analysed
that legal issues faced by the startup’s can be handled by correlating with legal
startup’s and using legal advisory.

6. Interpretation: As per the above data it is analysed that 52.6% felt that GST is
affecting adversely the Startup’s in all aspects whereas 47.4% felt GST is not
affecting the startup’s adversely. So, it is analysed that GST is creating unambiguous
situation in the minds of Start-up’s too and many of them are feeling that GST is
affecting adversely their Start-up’s
Interpretation: As per the above data it is analysed that 52.6% of the Startup
founders feel that there is true in the allegations on Startup’s during Demonitisation
and 47.4% doesn’t believe that there is truth in these allegations. So, it is analysed
that there may be truth upto some allegations against startup’s during
demonetization.

7. Interpretation: As per the above data it is analysed that 63.2% of Startup founders
believe that Education is not necessarily required to establish a startup and 36.8% of
them believed that education is required in order to establish a startup or to become
a successful entrepreneur. So, it is analysed that education is not necessarily
needed in order to establish a startup or to become a successful entrepreneur.
Interpretation: As per the above data it is analysed that 68.4% of the people believed
that both education and experience is essentially required for the success of a
startup and 31.6% of people believed that Experience alone is required for the
success of a startup. So, it is analysed that it would be good if one have both
Education and experience together to make a startup successful leaders.

8. Interpretation: As per the above data it is analysed that 94.7% of the people believed
that Startup’s are really necessary and only 5.3% of people believed that Startup’s
are not that much necessary. So, it is analysed that Startup’s are really required in all
the contexts.
Interpretation: As per the above data it is analysed that 89.5% of the startup
founders strongly believe that startup founders can become successful
entrepreneurs and inspiring leaders and only 10.5% of them are against to it. So, it is
analysed that Startup founders can become successful entrepreneurs and inspiring.

9. Interpretation: As per the above data it is analysed that all the startup founders i.e.,
100% of them of them believe that innovation is possible through Startups and no
one is against to it. So, it is analysed that Innovation is possible through Startups.
Interpretation: As per the above data it is analysed that 66.7% of the startup
founders are feeling that GOI’s initiatives towards them are really not performing well
and 33.3% of the startup founders expressed their happiness towards the GOI
initiatives. So, it is analysed that somewhat startup founders are not happy with the
GOI initiatives towards them.

10. Interpretation: As per the above data it is analysed that 52.9% of the Startup
entrepreneurs are not trusting the Ease of doing business ranking while 47.1% of
startup are actually trusting ease of doing business. So, it is analysed that many
startups are not actually trusting this ease of doing business ranking.
Interpretation: As per the above data 89.5% of people are actually believing that
startup’s are really contributing towards Economy and Employment and only 10.5%
of people thought they are not really contributing that much to Economy and
Employment. So, it is analysed that Startups are contributing towards Nations
Economy and towards Employment generation.

11. Interpretation: As per the above data 89.5% of people are thinking that startups are
really required for the wellbeing of an individual and also act as a solution to many
problems and only 10.5% of people are against to it. So, it is analysed that Startup’s
are really require for the wellbeing of individuals and they also acts as a solution to
many prevailing problems.
Interpretation: As per the above data 36.8% of the people establish startups as they
have great / innovative idea and as a passion, 15.8% have desire to become their
own boss, 5.3% due to lack of job opportunities and for money purpose. So, it is
analysed that many people are establishing startup’s as they have passion or
innovative product which can change the shape of the future.

12. Interpretation: As per the above data 89.5% of the Startup founders showed interest
or willing to work for a startup and only 10.5% of them are not willing to work for a
startup. So, it is analysed that all most all the startup founders are willing to work for
a startup reasons may be numerous for this.
Interpretation: As per the above data when asked about the reason to work in
startups 31.3% of people told that they can feel responsible if they work in startup’s
and 18.8% told that they get job satisfaction and they can apply theoretical
knowledge in practical and 12.5% told that they want to be independent and due to
work environment and wants to be independent and 6.1 told they can work flexibly in
startups.

13. Interpretation: As per the above data when asked people why they are not willing to
work for the startups 57.1% told due to the lack of formal or organised structure and
28.6% told due to uncertainty and 14.3% told due to less compensation and no one
told compensation as the issue.
Interpretation: As per the above data 78.9% of people are willing to work long term
for startup’s and 21.1% of people are not willing to work for startup’s. So, it is
analysed that many people are willing to work long term for startup’s.

14. Interpretation: As per the above data 63.2% of people are interested to work for
Startup’s even they parallelly have an offer from well-established firm and 36.8% of
people exhibited their interest to go for well-established firm rather than startup. So,
it is analysed that people who were interested to work in startup’s are showing
interest towards startups even they have an offer from established company.
Interpretation: As per the above data 72.2% of people are willing to establish their
own startup even if they are working in a good position and 27.8% of the people are
not willing to establish their own startup if they are working in a good position. So, it
is analysed that majority of people are interested towards establishing a startup
leaving their current job even they are in good position.

15. Interpretation: As per the above data 89.5% entrepreneurs are willing to invest in
startup’s and only 10.5% of them are not willing to invest in startup’s. So, it is
analysed that many entrepreneurs are willing to invest and fund startup’s.

16. Interpretation: As per the above data startup founders are thinking that 42.1% of
startups are concentrated in Technology sector, 21.1% concentrated in Health care
and medicines, agriculture and food & beverages startups are 10.5% each and
Ecommerce, education and travel & tourism are 5.3% each. So, it is analysed that
maximum startups are currently concentrated in technology.

17. Interpretation: As per the above data it analysed that some startup founders are
interested to start their startups in businesses like Textile, Aerospace, Agritech,
agriculture, electric vehices, food, health sector, hotel, technology & manufacturing,
IT field. So, it is analysed that textiles, agricukture and health care sectors will be
booming in future as many startup’s are interested in them.

18. Interpretation: As per the data the major issues or problems faced by the Startup’s
are funding and finance (42.1%), Hiring right people i.e., work force (10.5%), HR
relations (5.3%), technology (5.3%), Customer or end user issues (5.3%), Lack of
proper execution of planning (5.3%) and 26.3% people felt all the reasons that are
stated. So, it is analysed that Funding and Financing is the major issue faced by the
startup’s.

19. Interpretation: As per the above data the main factors that are contributing for the
success of any startup is Good team (26.3%), Financing and funding (15.8%),
Determination (10.5%), Execution of planning (5.3%), Right market research (5.3%),
Marketing strategy (5.3%), 31.6% felt all the stated reasons collectively contributes
for the success. So, it is analysed that Good team acts as the major contributor for
the success of any startup.

20. Interpretation: As per the data above 52.6% does n’t have work experience and also
doesn’t own a startup and 47.4% either worked in startup or own a startup or both.
So, it is analysed that many upcoming entrepreneurs haven’t worked in start up or
already own a statup.
The above data gives the names of the satrtups which they worked or owned. They
are Baljit kaur, Broken rain, Epigraph enterprises, Mithra skills, Lexcarts
technologies, Online utilities 2012, Student Rover, www.teslaems.in

21. Solution to a problem in financial terms through which both of them will be benefited
mutually.
Passion that move towards success and teaches what is life? How to deal with it!
Lexcarts is a lawyer search platform here we can find lawyer and book appointment with
them quickly...
Startup is fill up of social needs. It makes better environment to live in earth.
It's a new startup working to build an app to solve a major problem on retail stores.
Epigraph is found for child education and Mithra is found to build a bridge between
costumer and company, employee and employer to fulfil the skill of individual
Student Rover is a sharing taxi based service in a city.Student rover is mainly for
students.
Bldc motor with integrated drive D&D for all electric vehicles, lack of manufacturers
in India in this technologies...
A startup is usually a company designed to effectively develop and validate a
scalable business model, identify a problem & provide solution by using technology
I have my own boutique(BABLI’S).... I recently started designing my own dresses
and established a Tailoring facility too....
A self-struggling company
Filling up white spaces not much pondered into by giants. Decentralizing market
share from giants. Grassroot level operation
A small business with a big (innovative, creative) idea
Passion
Startup means Produce better quality products and get better profits
Passion
The above data shows how various people define a start up here we can see many
views of persons.

22. ❻ Findings:
 Majority of the Startup founders thought that Startups are really
performing well
 Most of the Startup founders thought that the Startups should not be
acquired or merged with well-established companies
 Majority of the Startups founders thought that Startups face legal issues
and most of them told that they can be resolved by correlating with legal
startups so that the both can go simultaneously.
 Most of the startup founders thought GST is adversely affecting the
startups
 Most of the people believed that there is truth in the allegations faced by
some startups during demonetization.
 Most of the people believed that education is not required to establish a
startup or become successful entrepreneur
 Most of the people think that education and experience collectively
required for the success of any startups.
 Majority of the entrepreneurs showed their consent that startups are
really required.
 Majority of the entrepreneurs thought that startup founders can become
successful entrepreneurs and inspiring leaders.
 Every respondent thought that innovation is possible through startups
 Most of the people thought that GOI’s initiatives for the startups are
really not doing well.
 Many people didn’t trusted ease of doing business rankings.
 Majority of the people thought that startups are really contributing
towards economy and employment generation benefitting both
individuals as well as nation as a whole.
 Many people told the main reason for establishing a startup is passion
and having a innovative idea.
 Majority people showed their interest to work in startups and the reason
for it is they can feel more responsible and more concern towards the
company and their job also they are willing to work with the startup in
long term.
 Many people thought they will go with the startups if they have two or
more offers from startups and established companies and even many

23. are ready to leave their current job to establish their start-up and making
their dream come true.
 Majority of the people showed their consent towards funding startups by
investing in them.
 Many people thought that many startups are currently concentrated in
technology startups where as in future there will be more concentration
on textiles, technology, health care, agriculture.
 Many people thought that funding Is the main issue of a startup where
as Good team is the main reason behind the success of a startup.
 The startups who were responded for this survey are from different
sectors and the names of them are Balijit kaur, Broken rain, Epigraph
enterprises, Mithra skills, Lexcarts technologies, Online utilities 2012,
Student rover, teslaems.
❼ Limitations:
 Due to time and constraints the sample size is limited and probably
not enough.
 The limited data collected is insufficient to get appropriate results.
 People from different sectors can be included say government officials,
economists etc that will give a holistic view of the situation now as the
data is collected from only one sector it may be biased and in favour of
respondents i.e., startups alone.
❽ Conclusion:
Startups can be regarded as the solution providers to many problems
prevailing and they are giving really tuff fight to the well established
companies to limit their monopoly or oligo poly as startups re coming up
with innovative technologies. Many people are even their who is
struggling hard to make their startup succeeded. Startups are giving tuff
fight to established companies but this is not remaining for the long time
and these successful startups are acquired or merged with established
companies the reason may be any. Even GOI though telling that they
are doing many things for the startups but they are not really doing that
much good which is creating more challenges to the survival of the
startups.

24. BIBILIOGRAPHY:
Websites;
https://en.wikipedia.org/wiki/Startup_company
https://en.wikipedia.org/wiki/Startup_ecosystem
http://startupindia.gov.in
QUESTIONNAIRE
ENTREPRENEURSHIP AND STARTUP ECOSYSTEM