The new driving force of global economy are scale and quality. The challange is now to have scale that is global in size without compromising the quality. The capital is not a issue now in today's global economy. My experience of last couple of project management says that today clients are more concerned about timely execution of projects and quality of work than the cost of the project. So, message is clear that quality is non negotiable. There is no dearth of capital. Companies, who can show management bandwidth to balance scale and quality will be the new force of technology world.
In an old essay Paul grahm has written three basic requirements for a successful startup. 1-to start with good people 2- to make something customers actually want 3- to spend as little money as possible. Lets analyse these three points in Indian context. Very first point is a problem in India. Who is good people ? If you want a real good software engineer then you have only one option in India is to hire peoplw from IIT's. But seeing salary centric work culture it will be a huge pressure on small pocket of a startup. So what is the alternative ? this the point where most the startup fail in India. They go for intermediate level of programmers ( 1-2 year exp) came out from horrable knowledge mines ( read new breed of engineering collages). Solution - Go for freshers and harnesh their infinte capacity to work on your dream project. The second point is well known fact whether you are starting a comapny or your PHD. You need to know which existing problem you are going to solve and how...
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