NOVEMBER 20198Vinay Nair, Managing Partner, Nair Ventures LLPA Venture Capital and a Private Equity expert, Nair is all geared up to expand into the Indian Startup Ecosystem, owing to its potential and opportunitycross the world today, startups are considered to be some of the most potent sources of employment and innovation, and India is no exception. Even though the startup culture emerged in India all the way back in the early 2000s, it has taken a while to reach the level it is at today. However, even though the space is now poised for maturity, it still requires that extra push to help it move forward.Having journeyed across the spectrum within the startup ecosystem myself, I understand all too well the pitfalls that impede a larger number of Indian startups from accomplishing their goals. Fortunately, it is not the lack of entrepreneurial spirit or innovation that plagues the space, for India is clearly bustling with novel business propositions. Instead, it is the lack of an organized, integrated framework that often leads these promising startups astray.As most startup founders will be able to tell you, starting a new venture in a unique space is a lonely journey. There is a dismal paucity of advice and aid, and little inspiration to draw from. Even our academic discourse barely prepares us for the frankly arduous process of setting out on an uncharted course, with nothing but one's own ideas to fuel the journey. Everything from finding investors to reaching out to potential consumers, from raising money to starting production: is usually extremely difficult to execute for any beginner in the space. As a result, a lot of bright ideas often disappear from the ecosystem long before they have a chance to be assessed and fine-tuned, let alone set in motion. My own experience of struggling through a similar process makes me feel that it would have been a million times easier for these brand new startups if only they were able to operate within an integrated startup ecosystem. Working within a community of fellow founders, professionals, experts and mentors would automatically equip them with more streamlined know-how as well as a better understanding of how to navigate the maze of founding a startup. In its early stages of REALISING THE NEED FOR AN INTEGRATED STARTUP ECOSYSTEMIN MY OPINIONA
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