'phenomenal Time' To Be An Entrepreneur In India: Softbank

[CKRAVI]

 

New Delhi: Doing business in India is not easy but the growing pace of innovation and the government bringing in policies to foster the "start-up culture" are making it a phenomenal time to be an entrepreneur, Softbank vice president Nikesh Arora said on Friday.

Speaking at the TiECon Delhi 2015, the India-born executive said SoftBank itself is optimistic about India and has invested here, despite the challenges.

 

"It is a phenomenal time to be an entrepreneur because the pace of innovation is only increasing, the ability to innovate is becoming more and more mass market. It's becoming an opportunity for each one of us. There is optimism and the opportunity in front of us is phenomenal but the question is are you ready? Do you have the risk appetite to be an entrepreneur in this market?" Mr Arora said.

 

 

"In the last 10-15 years, when have you had a situation where the leadership of the country standing up and saying let's create a start-up culture. That hasn't happened in the history of India...(there are) different sectors, different policy initiatives."

 

"I think it's great. Sometimes just that directional hint from the top creates a much better, easier environment for us to operate. I know doing business in India is not that easy, but if you guys (entrepreneurs) can execute it here, you can execute it anywhere," he said.

Last year, SoftBank, which has invested in e-commerce firm Snapdeal and Taxi aggregator Ola, had announced to invest nearly $10 billion (around Rs 60,000 crore) in India over the next few years.

 

 

[srikanthraparla]

(.L@

[donganaaK]

This moron nikesh arora is driving up the valuations like crazy, it doesn't take long for it to come back to bite him big time

[KeyserSoze]

This moron nikesh arora is driving up the valuations like crazy, it doesn't take long for it to come back to bite him big time

 

andharu chesede kada...its their job to talk positive abt ecosystem and exit on ever higher valuation....I think its upto the startup founders to not accept higher valuations and just raise what is required.

[donganaaK]

andharu chesede kada...its their job to talk positive abt ecosystem and exit on ever higher valuation....I think its upto the startup founders to not accept higher valuations and just raise what is required.

Softbank guys got really lucky with alibaba, just like yahoo.... That single investment has managed to fund all their other startup investments.

Cashing out ante who do u think is gonna buy the joke of ecommerce sites snapdeal at 5bill valuation? Even a little kid in the startup scene knows how funny these morons sound ..

Basically all valuations should be on par with future cash discounted to present value, these guys are missing that basic logic and driving up the valuations like crazy, it'll be fun to watch them fall flat on their face.

[KeyserSoze]

Softbank guys got really lucky with alibaba, just like yahoo.... That single investment has managed to fund all their other startup investments.

Cashing out ante who do u think is gonna buy the joke of ecommerce sites snapdeal at 5bill valuation? Even a little kid in the startup scene knows how funny these morons sound ..

Basically all valuations should be on par with future cash discounted to present value, these guys are missing that basic logic and driving up the valuations like crazy, it'll be fun to watch them fall flat on their face.

 

Most funds I noticed have this pattern of having only one blockbuster investment which funds all their other investments. So, softbank is no exception to that.

 

Ya I agree the valuations are little over the top right now but my point was that its totally upto the founder to raise what he wants. Indian founders being uneducated greedy a**holes jump on the opportunity to raise money even if its not needed for the day to day operations of the company just to increase the vaulation.

I was reading an article the other day on commonfloor and how it never raised more than required and is now reaping benefits of gradual growth. On the other hand speculation is that housing is now valued at $50mil(oct 2015) vs $400 mil(dec 2014)
 

[donganaaK]

Most funds I noticed have this pattern of having only one blockbuster investment which funds all their other investments. So, softbank is no exception to that.

Ya I agree the valuations are little over the top right now but my point was that its totally upto the founder to raise what he wants. Indian founders being uneducated greedy a**holes jump on the opportunity to raise money even if its not needed for the day to day operations of the company just to increase the vaulation.
I was reading an article the other day on commonfloor and how it never raised more than required and is now reaping benefits of gradual growth. On the other hand speculation is that housing is now valued at $50mil(oct 2015) vs $400 mil(dec 2104)

Yeah true, but I think the founders have little choice when it comes to decisions like this I guess, most of them don't have the luxury of standing firm on their ground because in the current scenario they need a lot of cash to take off in the first place and it's impossible without taking huge money from these VCs.
They are bound to accept money at the terms of these VCs no matter they like it or not.

Yeah yesterday I was reading about housing.com too and guess what softbank pumped in close to 125million into it so far. No big surprise there lol

[puli_keka]

Most funds I noticed have this pattern of having only one blockbuster investment which funds all their other investments. So, softbank is no exception to that.

 

Ya I agree the valuations are little over the top right now but my point was that its totally upto the founder to raise what he wants. Indian founders being uneducated greedy a**holes jump on the opportunity to raise money even if its not needed for the day to day operations of the company just to increase the vaulation.

I was reading an article the other day on commonfloor and how it never raised more than required and is now reaping benefits of gradual growth. On the other hand speculation is that housing is now valued at $50mil(oct 2015) vs $400 mil(dec 2014)
 

 

 

Yeah true, but I think the founders have little choice when it comes to decisions like this I guess, most of them don't have the luxury of standing firm on their ground because in the current scenario they need a lot of cash to take off in the first place and it's impossible without taking huge money from these VCs.
They are bound to accept money at the terms of these VCs no matter they like it or not.

Yeah yesterday I was reading about housing.com too and guess what softbank pumped in close to 125million into it so far. No big surprise there lol

 

 

Softbank guys got really lucky with alibaba, just like yahoo.... That single investment has managed to fund all their other startup investments.

Cashing out ante who do u think is gonna buy the joke of ecommerce sites snapdeal at 5bill valuation? Even a little kid in the startup scene knows how funny these morons sound ..

Basically all valuations should be on par with future cash discounted to present value, these guys are missing that basic logic and driving up the valuations like crazy, it'll be fun to watch them fall flat on their face.

 

 

andharu chesede kada...its their job to talk positive abt ecosystem and exit on ever higher valuation....I think its upto the startup founders to not accept higher valuations and just raise what is required.

[crazyhorse]

@3$%

[KeyserSoze]

Yeah true, but I think the founders have little choice when it comes to decisions like this I guess, most of them don't have the luxury of standing firm on their ground because in the current scenario they need a lot of cash to take off in the first place and it's impossible without taking huge money from these VCs.
They are bound to accept money at the terms of these VCs no matter they like it or not.

Yeah yesterday I was reading about housing.com too and guess what softbank pumped in close to 125million into it so far. No big surprise there lol

 

todays news is that softbank again pumping $30mil

[alpachinao]

todays news is that softbank again pumping $30mil

 

 

na pump lo $1M chalu 

[donganaaK]

todays news is that softbank again pumping $30mil

220 crores anta :giggle:

[donganaaK]

:giggle:

[CKRAVI]

andharu chesede kada...its their job to talk positive abt ecosystem and exit on ever higher valuation....I think its upto the startup founders to not accept higher valuations and just raise what is required.

 

 

Softbank guys got really lucky with alibaba, just like yahoo.... That single investment has managed to fund all their other startup investments.

Cashing out ante who do u think is gonna buy the joke of ecommerce sites snapdeal at 5bill valuation? Even a little kid in the startup scene knows how funny these morons sound ..

Basically all valuations should be on par with future cash discounted to present value, these guys are missing that basic logic and driving up the valuations like crazy, it'll be fun to watch them fall flat on their face.

 

 

Guys have you read about Ratan Tata and Amex funding the virtual currency company Abra with a undisclosed amount.. I think they are gonna hit a jackpot with that

[donganaaK]

Guys have you read about Ratan Tata and Amex funding the virtual currency company Abra with a undisclosed amount.. I think they are gonna hit a jackpot with that

No idea bro,