Masayoshi Son warns startups in India about the 'big cheque' from 'big investors'
Advertisement
Advertisement
It isn’t always that you get to hear one of the world’s largest investor, Softbank’s founder, Masayoshi Son talk about India’s startup ecosystem so candidly. So, we list down some of his interesting observations about the country’s growing entrepreneurial system.The Matrix
I look at the eyes of the entrepreneurs and then I look at the field. Is it challenging and growing? The next is the idea and how good the team is. When I saw Kunal Bahl and Ritesh Agarwal’s eyes, they were sparkling.
India is the place to be
India has a young population over 800 mn young generation, it has IT, sunshine, English speaking, largest democracy in the world—all these things makes me believe that 21st century belongs to this country.
Scale up
Advertisement
Smart or Silly
Three years from now, new business models have to come.
Challenges
Two things that India has to work on is the license, which is a huge bottleneck.and then they have to go through the process of licencing which is a long process. And secondly infrastructure! Startup companies cannot take care of infra. Infra requires lot of capital.
Goal
Startups should aim at becoming a big fish rather than eye public listing in the first 5-10 years.
Advertisement
On big fat cheques
Just because big cheques have been signed and entrepreneurs have got money, doesn’t mean they are successful.
Virtual Reality and AI
The traditional business model would be disrupted. It’s not only the companies that build these, but those who use that technology to disrupt.
Image credit: Indiatimes
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market