Silicon Valley Firm Says India's Startup Ecosystem Is Afflicted By Huge Opportunity Gap
10 Dec 2018 1:25 AM GMT
Despite Flipkart's sale to Walmart for a whopping $16 billion, there's a huge opportunity gap in India's startup ecosystem.
- Despite Flipkart's sale to Walmart for a whopping $16 billion, there's still a huge opportunity gap in India's startup ecosystem, says Nitin Rai, chairman of the board of trustees of TiE Global, a Silicon Valley nonprofit that supports startups through networking, mentoring and helping with fundraising.
- He says many entrepreneurs don't have equal access to capital that would benefit India's wider economy.
- Now everybody's doing that, but they're focused on the next billion dollar startup, or how to create a unicorn in two years.
- Making money in business is not about squeezing someone else out of their livelihood, that kind of mindset has to change.
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