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by sandGorgon
3099 days ago
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I suggest you go and check the senior leadership on LinkedIn for the current stream of startups and large companies. Even more - we have expats actually building successful and highly funded startups in India. Take a look at Zoomcar, Zestmoney and CreditMate. India is extremely startup friendly for foreigners - maybe not as friendly as the US, but definitely more than Europe, China, etc. We are one of the world's largest consumer internet and smartphone market ... oh and with strong net neutrality guarantees. Everyone wants to tap into that. India is moving very differently now ! In the last week, I have had 2 conversations with CXO level leadership of companies in the Bay Area, who want to move back to India and build startups here. I get to do this a lot because I run one of the earliest YC funded companies in India (when it was "special" for YC to fund an Indian startup). I end up being the sounding board for a lot of CXO level talent moving back to India. BTW - Indian startups form the second largest pool for YC applications now (after the US). Not sure what the funding stats are. |
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'Funding stats' don't mean anything in this case where they have to keep dumping money never to see any returns. This will hurt the long term ecosystem even for genuine start ups. As investors will largely look at India as some kind of a money sink, where rogue upper managements splurge by paying big money salaries to their own.
>>We are one of the world's largest consumer internet and smartphone market
Is this why Tata Docomo is shutting operations. Jio is in the debt of the tune 1,25,000 crores and Airtel is enduring losses just to survive?
>>oh and with strong net neutrality guarantees.
We all saw how 2G lobbying went.
>>Everyone wants to tap into that. India is moving very differently now !
Tap into what? Losses?
>>who want to move back to India...
Most of them hold US passports, and will bail at any hint of trouble. They will continue to work as long as their obscene compensations are sustained. They did the same during the 2008 crash. Moved to India, made big money and moved back to US the moment the honey was sweeter there.
Let them put their money where there mouth is, give up US passports, take up Indians passports and work here. Until then nothing much can be expected from this loot-and-scoot crowd.