DARE - Because Entrepreneurs Do

The “fear of failure” and “pressure to conform” instilled in our youth act as great deterrents to the growth of enterprise in the country. Of course, there are a few bright exceptions who do take the road less travelled despite the negative conditioning and go on to script exemplary success stories.

However, a majority of the people who opt for entrepreneurship are those who have no other choice. This means that a country with an estimated 150 million entrepreneurs has very few Google-like stories to talk about.

Jayesh Kotak VP-Product Marketing, D-Link (India) Ltd.

Clearly, more courage is needed from all the stake-holders, the angel-investors, the incubators, the mentors and the VCs, for entrepreneurship to flourish in the country.

Here is a prescription of what needs to be done, recommended by a daring optimist in the belief that if even some of these fell into place then we would not have a few but hundreds of Jerry Yangs taking off all over the country...

• The best minds must dare to focus on solving India’s problems entrepreneurially

• The incubators should dare to put real resources into accelerating
the ideas

• Rich HNIs must dare to back the entrepreneur’s guts without thinking of immediate returns

• The mentors should dare to participate in the long term upside of these ventures rather than short term consulting fees

•  The VCs should dare to put money in pre-revenue deals

 

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