I recently finished reading the Rashmi Bansal trilogy (SHSF, CTD, IHD)*, and I must say for all those with fire in their bellies and burning desire to make a difference, the books are a must read! And I also recommend it to those happy with their lives, you might experience excitement for a change.
Prasoon Joshi in a Times Now debate very rightly said that "We depend on Heroes, our Society waits for the next hero to come and alleviate our problems." His apt example was Sholay - an entire village waited for 2 people to come and mobilize them to fight against an evil force. I wonder what would have happened if Jai & Viru had to first toil hard, to raise the Seed Capital, then VC funding - Series A, Series B and so on and so forth, to fight Gabbar! Thankfully they had their committed Angel Investor in our dear Thakur Sa'ab.
Outside the silver screen the Jai's & Viru's of the entrepreneurial world don't find their Thankur Sa'abs so easily. The society needs to wakeup and realize that the entrepreneurs are our real life Heroes and they have the potential to assuage our socio-economic issues. All we have to do is create an amicable environment for them, that is to let the seed nurture and grow in a fruit bearing tree. Why is finding funds such a difficult task? Aren't their innovative ways to counter this issue. Am sure if there is more support, the growth and success rate of new ventures will increase many folds.
Why aren't there more high risk mutual funds where the money is invested into startups and the equity returns become the risk & reward. How about not investing in an overpriced share and expecting 15% RoI but investing in a lesser known but a credible and aggressive entrepreneur and expecting 150% returns, why notchannelize these investments through capable fund managers. Isn't this a better form to give back to the society as well? As that investment may create jobs and change lives of scores of people. The more daunting question is if such mutual funds are created would there be adequate investors? Can we plug in our surpluses into such ventures?
We are hitting new lows on GDP growth rate, can the situation be improved by nurturing and encouraging entrepreneurs...?
- AD.
* SHSF - Stay Hungry Stay Foolish.
* CTD - Connect The Dots.
* IHD - I Have a Dream.
Interesting POV
ReplyDeleteCool post..
ReplyDeletethanks man.. am glad you liked it..
DeleteVery interesting and well written.Good food for thought. Very good start. Welcome to the world of blogging!
ReplyDeletethanks - blush blush :)
DeleteInteresting post. I am reading I Have a Dream these days. It's a good read.
ReplyDeleteTruly stated, a lot of efforts and reforms are needed to make India a welcome place for starting, growing and even winding up businesses.
Am glad you liked it.. thanks! The purpose is to enlighten the junta that Sulabh and Conserve India kind ventures can make a huge difference to the society. I hope in the years ahead we see more commitment to such issues from the public at large.
DeleteProvoking thought Bhai....bookmarked it
ReplyDeleteWaiting for many more interesting reads to come....all the very best :-)
Thanks a lot.. one more coming shortly.. hope i keep up to your expectations..
DeleteAptly depicted the PE scene in an emerging economy, investors dislike losses more than they like equivalent gains - that is how we are tuned, but for some risk lovers - there are a number of avenues in terms of investing in hedge funds and PE. But, having a socially responsible investment approach is a great way to start towards the "inclusive growth" of our nation and has much more value add as compared to any return metric. Very rightly said - "nurturing and encouraging entrepreneurs" is the nextGen mantra for India to make its mark on the global scene, and make way for its transformation from being a service to product design/manufacturing to a consumption based economy. Lets look out for opportunities that are worthwhile, and invest in something that's not gold!
ReplyDeleteWaiting for the next one..
thanks buddy.. the next one will come soon.. :)
ReplyDelete