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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