Start-ups breeding ground for new bunch of risk takers

Aug 26 2013, 11:51 IST
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A new bunch of “breakaway” entrepreneurs are taking the path less trodden by venturing out on their own. A new bunch of “breakaway” entrepreneurs are taking the path less trodden by venturing out on their own.
Summary'Breakaway' entrepreneurs are taking the path less trodden by venturing out on their own.

which may cost them as less as $1,00,000,” he says.

Karthik Reddy, managing partner of the R100-crore seed fund Blume Ventures, adds, “From an entrepreneurial perspective, people who come out of start-ups are better placed compared to organisations like Yahoo! or Google where employees tend to be too structured despite being good engineers.” He adds that he is expecting more and more companies to come out of start-ups when the first lot of companies becomes successful.

Kunal Bahl, CEO and founder of e-commerce platform Snapdeal, feels that the next generation of entrepreneurs will largely come from either the IITs/IIMs or out of these start-ups.

“Being part of the beginning team of a successful start-up will mean that they have seen what it takes to build companies from a scratch. That gives the confidence of taking a risk once you have an idea,” Bahl says.

Raghu Ramanujam, founder of startup PoolCircle, a technology platform for peer-to-peer sharing, says that he has learnt to get the basics right from Zoho as well as the ability to think big as a global company from InMobi. “Being part of the founding team and working closely with them is a huge influence in the way you think. We think big because of Naveens (one of the founders of InMobi) and (Sridhar) Vembus (one of the founders of Zoho) of the world,” he says.

Entrepreneurs feel that there are enough start-ups and mentors — who have done that — in the ecosystem now. But Ramanujam adds that, ultimately, entrepreneurs cannot put the onus on the ecosystem and, for a good idea, market will naturally provide that to them. “Customers are willing to experiment and investors are willing to put faith on such entrepreneurs,” he says.

It is not always the money which is inspiring people to launch their startups. According to Mukund Mohan, director of Microsoft Ventures, startups enhance the skills of a person much faster than any other workplace. It also remains a motivation for many people to go and work/start a new one. “Many entrepreneurs are still trying to make their startups work despite knowing well that if they leave the place, they will be paid five to seven times more at a big company, one that is always on the lookout for good talent,” he says. Krish Subramanian, founder of ChargeBee, adds that one tends to learn how each product comes and evolves while working with start-ups.

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