“We cannot hold a torch to light another’s path without brightening our own.” It’s Diwali time-the festival of lights where we celebrate the conquest of light over darkness, good over evil. We religiously clean our houses, our office spaces, our minds, and remove the cobwebs of dirt and darkness. We allow in light to make a fresh start of a new year. And like for everyone else, it’s also an apt time for the Indian startup ecosystem to let light in, clean its house of dirt and unwanted things, and let the new in to make a fresh start.
As we close in another year in the chapter of the Indian startup ecosystem, we thought it’s an apt time to talk to some of the players in the ecosystem and understand what we need to clean out of the ecosystem to make a fresh start. We want to be the nation of 10,000 startups by 2020, but there are some things that are holding us back and holding us down. A fresh start for a vigorous approach to achieve our ambitious goal calls for a major evaluation this Diwali. So what are some of those things we are better off discarding this Diwali as we open turn a new page in the ecosystem?
Let’s hear it out from our startup ecosystem stakeholders!
No More Misaligned Interests In Indian Startup Ecosystem
As we move forward to build a nation of startups, one thing that is foremost is that all stakeholders of the ecosystem move together, are on the same page, and understand that we are all in this together for everyone’s gains and not for individual wins.
Angel investor Ajeet Khurana puts it very succinctly when he states, “What we need to cleanse from the startup world is the debauchery of misaligned interests between stakeholders: founders, employees, investor, mentors, corporates, and government. Otherwise, it is two steps forward and one step back.”