With around 4200 startups already in India and with 3-4 startups being formed each day, the day is not far off, when everything from womb to tomb will be taken care by a startup.
There is a startup for nearly each and every aspect of our materialistic lifestyle, be it buying groceries on the go, or booking a cab, be it getting your car serviced to taking care of your pets at home, be it ordering food online to getting an electrician/plumber etc. for your household repairs.
Soon, it will become so aspirational that a kid, before learning to say mom or dad would learn to say “startup” and the happiness on the faces of the parents and grandparents would be exemplary considering the kid would be progressing in the right direction.
Soon, parents would not want their children to become doctors or engineers but would ideally want them to tread the entrepreneurial path, knowing that success lay in solving that all important problem and with VCs and funds chasing guys who would be able to do it successfully.
Soon, parental thinking would transform into the much talked about platform thinking, with parents aspiring for their kids to go on to become the “Zuckerberg’s” of Indian start-up ecosystem.
Soon, youth would not want to run after jobs, but would ideally want to create jobs and contribute towards the much hyped GDP concept of development.
Soon, the startup culture would engulf the entire mental framework of beings and from morning to evening, the quintessential thing that one would be discussing would be a startup.
Few among the learned say that it’s nothing but a bubble and will soon burst and sanity and good sense will prevail.
Few also are of the opinion that it’s not at all sustainable and that there needs to be some logic to the prevailing madness, though they are not sure how and when that would happen.
Few are cynical enough to say that the youth has gone crazy, not realizing that only 1 in 10 startups would ultimately get funded, leaving the rest to suffer, not realizing that the best years of their life would go in vain with no future in store.
Though opinions are varied and can be appreciative or cynical, one extremely significant thing which is happening is that the youth is not so scared to take the plunge as they were before. They are more than happy to take the dive and then learn to swim as they go along. They are no more cautious about what if it doesn’t succeed.
There is this aura being created by the aspirational youth, where there is no place for fear and doubt.
Youth is learning and prepared to take on the challenges head on. The energy and motivation is addictive and inspires the others.
So, can we say, India is ready to churn out startups capable of going on to become the best of the best in the World?
Well, yes and no! Yes, because of the attitudinal shift, yes because of the startup ecosystem being created at the policy level, yes because of the funding opportunities with investors ready to focus their energies on India.
No, because of the herd mentality where each and everyone is trying to get a piece of the cake, no, because the focus remains on fund raising and not actually trying to do what they are supposed to do, which is to solve that one important problem for which the startup was formed in the first instance.
Instead of chasing the funds, let funds chase you; instead of making funds an aspiration, make the funders aspire to reach out to you; how and when is the mool mantra that many in the space with cash crunch would need to figure out; but if they are able to crack this code, the world would be at their doorsteps knocking for that single opportunity to invest.
After all, it’s the investors who need you more than what you think you might need them for. The choice is yours and how you perceive the entire scenario is the key to the same.
Economists would get into a debate of demand and supply, where more the startups, more is the choice for the investors to choose from and more is the cut-throat competition for the limited funds.
True to some extent, but imagine, if there were only a few good startups among the lot and the plethora of investors vouching for that all important investment which could give them those 10X returns, won’t the tables turn in that case?
Indeed, it would. For this to happen, one might have to turn days into nights, might have to tread the harder path, might have to go beyond one’s means, might have to make his/her life a startup; but if one is able to successfully achieve the same, the world will be at their feet, looking up to them as a source of inspiration.
Source for Image: https://www.lendvo.com/tips-startup-business-loans-funding/