Silicon Valley is abuzz with Internet startups, millions in funding and billions in acquisitions or IPO’s. It’s even referred to as dot com boom of this decade. These startups are amped up in technology, design, simplicity and user experience. In the parallel world, Internet veterans like Yahoo, ebay, Amazon etc are continuously evolving to match with these startups. Even non-internet based companies in industries like retail, whole foods, banks, finance, healthcare etc have caught up in this arena and all of them have very good functional websites doing the job just right or even better, year on year. Most of these companies use outsourcing to build and develop their applications. Many of them also have iPhone, iPad, Android, Blackberry, Windows Phone etc apps. Most of this is outsourced to countries like India and China for cost effective application development.
On other hand, Indian IT companies, large and small, are busy running software sweat shops for American and European businesses. A very few of them have their own software products out in the market. Google, Microsoft, Yahoo, ebay and soon Amazon are all bringing in great products to the Indian Internet and making things prettier. Also, a couple of startups like Flipkart, Snapdeal, Mojostreet, iXigo, BookmyShow, RedBus, IRCTC (not a startup though) etc are bringing in world class products to the Indian Internet. All of them are pretty good at technology, design, simplicity and user experience. However, there is another part of the Indian Internet and yes it is pathetic at the best. To name a few – ICICI Bank, Rediff, MakeMyTrip, Way2SMS, Airtel, Croma Retail etc. Continue reading
While the Silicon Valley is abuzz with billion dollars in funding, (yeah you read it right, its billion) multi million dollar acquisitions and billion dollar IPO’s world is still looking at India as one of the next innovation centers and a place which could create billion dollar startups. This is a fact and we all are very well aware of the potential. India, these days, is also a crowded space when we talk about business ideas and startups. You think of any business idea and search it up online and I bet you will find someone doing it already. All kinds of business from upscale coffee bars & sports bars to online tshirt shops are making their mark in India. Many have achieved economies of scale while many have fallen to cash crunch. But is it all so rosy and achievable for the wannapreneurs out there in the wild?
Normally, first time entrepreneurs struggle hard to make a point with their business ideas and corresponding models. They spend months and years developing a product or a service and introducing it to probable customers and clients. Some achieve success and eventually attract customers and inventors. Until and unless real revenues are shown, investors are reluctant to even consider a startup for a round of funding. This is changing these days but it is not so very commonplace yet. One of the biggest problem for these startups is that their idea is open in the market for prying minds and also big-wiggies who are always in search of showing some innovation in their rather dull portfolios. A classic example would be corporations like Airtel copying VAS ideas from small startups. Continue reading
I have always been a fan of the idiot box. Right from the days of Zee TV till the DTH and HD age, I have always spent my time at home with the TV on. Agree or not, I spend an average of 6-8 hours in front of a TV almost each day, not necessarily just watching it without multitasking though. But one thing is for sure, I am addicted!
Currently, we have got the right amount of competition in India around the DTH Satellite TV space. Each service provider is trying to capture more and more subscribers by means of lowering hardware prices, showcasing features like DVR, roping in filmstars, counting HD channels etc. And these may be many of the reasons why people are moving away from local cablewallahs and adopting one of these service providers. But are we leveraging the technology to the fullest? Are we bringing in more value to the consumer as well as the channels? Continue reading
Obama! Obama! Obama! These days we don’t find anything more than Obama in newspapers. From front page to editorials and also on business pages, Obama has overshadowed even the dirty Indian political drama these days. But what’s in store for the world with the first black president in the history of United States. Btw, why do media need to call him black? He can be easily referred to as an African-American. All these days newspapers are having articles about what all Obama can do for the world and so called individual economies. IT companies are getting curious about the outcomes of Obama implementing a new outsourcing policy. Others are getting joyous by learning that Obama shall declare the end of war with Iraq and Afghanistan. Indian masterminds still contemplating that the 44th president shall atleast help us with the Kashmir issue and finally Pakistan shall be termed a terrorist state. All these notions overwhelm me in many ways.