why india needs more entrepreneurs !
DESCRIPTION
A presentation by IITk Alumni Shashank Dixit for Megabucks Entrepreneurship Launch of 2009 - on Why India needs more entrepreneurs and entrepreneurship. Link: http://students.iitk.ac.in/megabucks/TRANSCRIPT
hellohello
Welcome to
MegabucksWelcome to
Megabucks
shashank dixitshashank dixit
II
am the reason why you’re here
am the reason why you’re here
Co-FoundedMegabucks Once
Co-FoundedMegabucks Once
During my days in IIT Kanpur
During my days in IIT Kanpur
II
But this is not But this is not
about meabout me
Its about you guysIts about you guys
AboutEntrepreneurship
AboutEntrepreneurship
(hard to spell)(hard to spell)
(harder to do)(harder to do)
We’re here because of you
We’re here because of you
This whole programThis whole program
is about youis about you
WhyWhy
areare
youyou
guysguys
important ?important ?
What’s MegabucksWhat’s Megabucks
and what can you learn
and what can you learn
from usfrom us
Entrepreneursbuild countriesEntrepreneursbuild countries
India of tomorrowIndia of tomorrow
Will be built by youWill be built by you
Not PoliticiansNot Politicians
Not Social WorkersNot Social Workers
Not the IAS officersNot the IAS officers
But you guysBut you guys
The EntrepreneursThe Entrepreneurs
You guys You guys
Create JobsCreate Jobs
Create Opportunities
Create Opportunities
Build something out of nothing
Build something out of nothing
Entrepreneurs are today’s
Entrepreneurs are today’s
Gold MinesGold Mines
Entrepreneurs create Value
Entrepreneurs create Value
Value from scratchValue from scratch
InfosysInfosys
[May peace be upon NRN][May peace be upon NRN]
Infosys creates jobs for 100k people
Infosys creates jobs for 100k people
Direct JobsDirect Jobs
High Paying JobsHigh Paying Jobs
100k Refrigrators100k Refrigrators
and Televisionsand Televisions
And ShoesAnd Shoes
And ClothingAnd Clothing
And CarsAnd Cars
One Lakh Tax Payers
One Lakh Tax Payers
They Fuel the economy
They Fuel the economy
Directly affecting a million people
Directly affecting a million people
Indirectly - ten times as muchIndirectly - ten times as much
Infosys affectsInfosys affects
~1%~1%of India
77Entrepreneurs
How did they do it ?How did they do it ?
becausebecause
theythey
dared to trydared to try
1st Lesson1st Lesson
10 Lessons10 Lessons
I wish to shareI wish to share
todaytoday
dodo1111
take the plungetake the plunge
cut the ***cut the ***
get on your feetget on your feet
No theoryNo theory
No DegreeNo Degree
No MBANo MBA
can teach youcan teach you
unless you try.
ideasideas2222
the best ideas are the simplest
the best ideas are the simplest
execution matters.execution matters.
So what does Google do ?
So what does Google do ?
Keep your eyes open
Keep your eyes open
Look for opportunities
Look for opportunities
do a lot of things. do a lot of things.
unrelated things.unrelated things.
Dive deep into data, then trust your gut
Dive deep into data, then trust your gut
Andy Grove
Be a doerBe a doer
not just a dreamernot just a dreamer
see. learn. do. see. learn. do.
for things you can’t do
for things you can’t do
get others to do itget others to do it
together with youtogether with you
not for younot for you
teamteam3333
friends. business partners.
friends. business partners.
team wins. team wins.
make a team. make a team.
with your friends. with your friends.
work with friends.work with friends.
make suremake sure
friends > moneyfriends > money
greed team fails.greed team fails.
I’ve known my co-founders
I’ve known my co-founders
sincesince
class I. class I.
3 of us are together since childhood.
3 of us are together since childhood.
great team trapgreat team trap4444
Smart people are the dumbest
Smart people are the dumbest
avoidavoid
great-team trapgreat-team trap
avoidavoid
too smart people.too smart people.
don’t try to don’t try to
assemble the best.
you got to be a little you got to be a little
dumbdumb
to not quitto not quit
work togetherwork together
if you know each other
if you know each other
not because the other person
not because the other person
is smart. or cool.is smart. or cool.
or because youor because you
wantwant
to make truckloadsto make truckloads
of money. of money.
work with friendswork with friends
not all friends are smart
not all friends are smart
but they’ll stand by you
but they’ll stand by you
when you will need them
when you will need them
the most. the most.
value loyalty and honesty
value loyalty and honesty
over smartnessover smartness
its good to be smart
as long as you know there are smarter
people out there
its good to be smart
as long as you know there are smarter
people out there
riskrisk55
risk your ownrisk your own
Never expect someone else to
risk
Never expect someone else to
risk
on youon you
unless you risk it allunless you risk it all
and prove yourselfand prove yourself
when it comes to risk
when it comes to risk
lead from frontlead from front
<insert obvious beaten-to-death
reference to risk vs rewards>
<insert obvious beaten-to-death
reference to risk vs rewards>
investmentinvestment6666
your first investoryour first investor
should be your customer
should be your customer
++7777
the power of prayerthe power of prayer
nah, just kiddinnah, just kiddin
it is optimismit is optimism
who’s the poorest of all?
who’s the poorest of all?
a person who loses all hope
a person who loses all hope
Develop Positive Stamina
Develop Positive Stamina
there will be bad times
there will be bad times
horrible timeshorrible times
<insert personal horrible tale here :)
>
<insert personal horrible tale here :)
>
develop natural endurance towards
develop natural endurance towards
pessimismpessimism
never quitnever quit
Many of life's failures are people who did not realize Many of life's failures are
people who did not realize
how close they were to success
when they gave up.
how close they were to success
when they gave up.
network, networthnetwork, networth8888
you are the average of the sum total
of all
the people you know
you are the average of the sum total
of all
the people you know
meet a lot of peoplemeet a lot of people
meet a lot of smart people
meet a lot of smart people
listen. listen.
learn from themlearn from them
learn from historylearn from history
learn about your industry
learn about your industry
never trust the media
to tell the truth
never trust the media
to tell the truth
reading about richard branson
doesn’t equate to knowing him
reading about richard branson
doesn’t equate to knowing him
Infact, DO NOT read
hagiographies at all
Infact, DO NOT read
hagiographies at all
thinking bigthinking big9999
scaling upscaling up
trust peopletrust people
to not deliverto not deliver
when it comes to thinking big
when it comes to thinking big
you got to you got to
think big. execute. rinse. repeat.
think big. execute. rinse. repeat.
push yourselfpush yourself
and lastlyand lastly10101010
the ‘nevers’the ‘nevers’
never burn your bridges
never burn your bridges
never take yourself too seriously
never take yourself too seriously
never give upnever give up
never let other people pull you
down
never let other people pull you
down
never believe the good stuff eithernever believe the good stuff either
never leave the details
never leave the details
the devil lies therein
the devil lies therein
never complain. never complain.
Alright, that’s it. Alright, that’s it.
Questions ?Questions ?
[email protected]@deskera.com