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Showing posts from June, 2017

Team Up

Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbours and people in the same area with shared interests. As a result, Facebook has changed its mission statement to show support for hobby clubs and other community groups.
Zuckerberg states that FB's mission is to "give people the power to build community and bring the world closer together." Previously it was "to give people the power to share and make the world more open and connected." 
Google, Nextdoor and Meetup host community groups. Apps like ShareYaar also support groups or 'teams' to arrange meetings and events as part of their enterprise solutions.


SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

P2P Mentoring for Startup Founders

Entrepreneurs seem to be turning to their peers for advice and mentoring. Founders of startups are turning to other startup founders for mentorship. Peer-­to-­peer (P2P) mentoring is a sort of maturing of the startup ecosystem in India.

Founders connect with each other not on common strengths but for mentoring on common weaknesses. They share synergies and bounce ideas off each other. Areas like hiring, ESOPS, legal issues, office space, customer acquisition are subjects of discussion.
Turning to seniors for advice is necessary but so is turning to your peers. This is where co-working spaces aid entrepreneurs in that they come into contact with their peers.Also alumni associations provide a valuable platform to interact with your peers.

SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

Co-operation in Fintech Regulation

Competitiveness among Asia's major financial centres, such as Singapore and Hong Kong, is undermining fintech development. Regulatory complexity in the region is creating uncertainty for investors. Whilst governments in Asia have launched a number of initiatives to lure fintech investors, major investors are calling for more government co-operation in fintech regulation in Asia.
Investors put about $19 billion worldwide into fintech, including P2P lenders, blockchain (distributed ledger technology) and crowdfunding platforms, in 2016. E.g. cryptocurrency exchanges have different regulations in various Asian countries which makes fintech licenses and development difficult.
Monetary Authority of Singapore has signed fintech cooperation agreements with 10 others, including in Australia, India, Japan and South Korea.


SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

Outsourcing your Startups

South Korea is looking to India to grow its startup ecosystem. Indian startups will see more attention from South Korean companies in terms of investment and acquisitions.
The South Korean government has announced 'K - Startup' global challenge. This will see the winners get investments from the South Korean government, along with accelerator support and contracts with South Korean companies. 


SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

Fund Craze

With the likes of Rahul Chandra, Gunit Chadha, Jaspal Bindra, Bhupinder Singh, now its Prashant Khemka, CIO and lead portfolio manager of Goldman Sachs India equity and Global Emerging Markets equity, who will be starting on his own fund.
This will be good for India's startup ecosystem to have more funds being set up. But it has sort of become a craze, in recent times, to set up your own fund. This in itself might create a market bubble in startup funding as it may create a shortage of good startups to invest in.

SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

The Fund of Funds

SoftBank is in talks with potential Canadian pension funds, sovereign wealth funds in Kuwait and Qatar and tech firms to raise a further $7 billion in capital for its $100 billion Vision fund. According to news reports, SoftBank's Vision Fund will charge a performance fee of 20% and a management fee of 0.5% to 1% as opposed to private equity firms that typically charge 2% of the assets they oversee and 20% of profits. 
The first round of capital commitments for the Vision fund was agreed last month. With a huge fund for tech investments, Masayoshi Son's Softbank has enough capital to accelerate investments in cutting-edge tech and startups. This will probably mean huge investments in a small number of tech startups but possibly also some smaller investments in other startups that show potential. Tech in the hands of a few VC fund managers.


SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

Improving employability of the workforce with corporate co-operation

Improving employability of the workforce with corporate co-operation.
Samsung India is going to expand its technical training schools in India, which are run in conjunction with the Ministry of Micro, Small and Medium Enterprises (MSME), to more places as part of the Skill India programme. Currently, 10 centres have been set up and 2 further centres will be set up in Bengaluru and Jamshedpur.
Samsung Technical School, started in 2013 as part of Samsung's citizenship initiative, to support the government's initiative to make India a global manufacturing hub by developing training programmes to create talented manpower with practical skills and appropriate industry experience. Samsung says around 2,000 have been trained so far, of which 70 per cent have been absorbed in jobs, the rest are self-employed.

SJP @DigitalAsian - ShareYaar - IdeaIndia.Com

Women Entrepreneurship in India

Social media is creating new avenues for generating revenue.

Indian homes generate $8-9 billion in sales as re-sellers using WhatsApp and Facebook. The online retail market is growing in India and Indian women homemakers are increasingly using social media to take advantage of the e-commerce boom and reach customers. As many as two million women homemakers are reselling various lifestyle and clothing products using these two platforms, according to an article in Times of India.

Such re-selling is expected to increase. The total market for women re-sellers could grow by as much as 40-50% annually for the next five years and firms are offering help to start you re-selling goods. What's aiding the growth of these re-sellers is the increased usage and access of smartphones in tier I cities which make up 50-60% of the market while tier II and tier III cities contribute the rest. Due to such growth, WhatsApp is looking at starting its own payments platform.


SJP @DigitalAsian - ShareYaar

Underused Talent

India’s ethical hackers, who earn huge sums protecting foreign MNCs and global tech firms from cyberattacks, are underused in India. India produces more ethical hackers (hackers who break into computer systems to expose, and not exploit, weaknesses) than anywhere else.
BugCrowd, a global hacking network, shows Indians earned the most bug bounties (rewards for exposing cybersecurity loopholes). Facebook is just one of the companies that uses India's ethical hacker talent. Indians outnumbered all other bug hunters on HackerOne, a registry of hackers. 
Most are techies in India’s IT sector whose skill set makes them qualified to crack cyber systems. But while MNCs and global tech firms increasingly use this world-class hacking talent, only a few Indian firms run bug bounty programs.

SJP @DigitalAsian - ShareYaar - IdeaIndia.Com