I’ve always wondered why great companies are built / started in U.S. This is my open letter to Indian Entrepreneurs!
You guys are good. But why don’t we see a Google or Amazon or Ebay or Skype or Twitter or Facebook (or even a Posterous ;) come out from India? We have some of the best brains – but why can’t we innovate? Why can’t we find solutions to problems? Why can’t we help people? Why can’t we make things? Why can’t we develop billion dollar companies? Why can’t founders with nothing but some spare change and their hard work as equity, build up businesses from scratch. Why is Infosys an exception?
Do you think it’s the Indian crab story? Why is the younger generation fixed on a steady job? Is it because failure is stigma? Did someone tell you, you’re too young and need experience through a job (tell them to get lost!)? Is it because you don’t have good VCs backing (you dont need them!)? Is TiE not doing enough? Are you not doing enough? What happened to the risk taking ability of Indians (I love NRIs for this reason)?