I’ve been working with Startups in the Indian Ecosystem for about 9 years now. Have been an entrepreneur / for the past 15 odd years, and over the past 9 years have met atleast 1000+ startups in the Indian Context, and interacted with quite a few globally.
About 18 months ago, we started an effort named In50hrs – a platform to bring together Ideasmiths, developers and designers together to pitch an idea, form teams and build prototypes of them, so that a) teams/Entrepreneurs find team members b) Learn how to build prototypes c) People get off their lazy butt and do something about that “brilliant idea” they’ve been sitting on. 18 Months, 10 events, Close to 400 participants. 180 odd Prototypes, and 25 startups later, I am coming to realize that Ideas Suck. They are evil and are absolutely the worst place to start a startup.
Pitchforks ready? Excellent. Now Let me explain.
The Starting Point
It has come to become the norm that the first step to build a startup is to think of an idea. Now imagine an entrepreneur, and he or she has about three to six months of money saved up in the bank and now wants to build a business and hopefully will succeed in building one that will have him or her land on her feet and atleast making the money that they were making while having the job. The chances of that happening when you start with an idea is very very very slim.
There is a reason why we force folks to talk about problems they are solving rather than jump right to solutions at In50hrs.