I have attended the Silicon India seminar on 6th of June, 2009. I have listened to Sanjeev Bhikchandani(SB) of Naukri fame and Ajit Balkrishnan(AB) of Rediff on entrepreneurship
SB in his address recalled his journey about naukri and handed out some tips for inspiring entrepreneurs:
ü You need to be persistent
ü Be frugal
ü Be first mover
ü Solve an unsolved problem
ü Do some real work for real money
ü Get consumer insights etc…
AB in his address compared the internet with automotive industry.
Like automotives in earlier days was called horseless carriages. To remove this tag, it took industry about 20 years.
In same way, state of internet is like horseless carriage now. Now slowly it is moving to next stage with mobile internet.
But about repeated questions about how to monetize rediff on internet, they themselves didn’t have any clue. Since users are moving to mobiles so they are following it.
AB also told that portals look like newspaper still and they need to evolve with the times as they did it with rediff
Ritesh Banglani of IDG ventures put some interesting facts like what they presumed 2-3 back for internet in Indian market. Whether it was proved wrong or right.
ü Internet user base will grow rapidly: wrong
ü Utility services will lead
ü Pure advertising modes are unviable: true
ü E-commerce for soft goods work: uncertain
ü Rich media models are unviable: false
ü Tech enablers and intermediaries will create value: uncertain
ü Assisted internet services for mass market: uncertain
ü Local languages markets growth slow: true
I also came to know about Amazon web services (AWS). I find it is a pretty decent service for the entrepreneurs. More about this conference in next post