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Start-ups; an Increasingly Viable Career Opportunity for Upcoming Professionals

Dr. Apoorv Ranjan Sharma, Co-Founder & President, Venture Catalysts
Wednesday, June 15, 2016
Dr. Apoorv Ranjan Sharma, Co-Founder & President, Venture Catalysts
Venture Catalysts is India's pioneer seed stage investment firm. It ideally invests $100,000-$250,000 in early stage startups in IoT, Artificial Intelligence, Education, e-Commerce and Retail domains

The Indian concept of a good career traditionally involved either working in a government job - typically as a doctor, engineer or lawyer - or being associated with a multinational corporation in a similar position. However, as digital technology sweeps through and revolutionises all aspects of life, even the employment landscape has witnessed a widespread transformation. No longer are comfortable government jobs with fixed timings and a steady pension considered lucrative, nor is a middling position in a globe-spanning MNC considered the height of one's professional ambition. The young, vibrant pool of talent in the country today has evolved and matured to look for careers that suit their dynamic & passionate approach.

Needless to say, the start-up industry, one of the most challenging as well as rewarding sectors of the economy, is emerging a big favourite for the upcoming generations of working professionals. But why are start-ups hitting all the right notes when it comes to attracting the best of talent? Here are a few reasons that explain why new-age professionals are increasingly opting for a lucrative career in a start-up over a job in an established company:

1) Scale vs. Opportunity: The biggest draw that a start-up has over the more established businesses is the promise of growth and opportunity. Being a part of a small team at a start-up can often result in great professional growth for an individual, particularly if the start-up itself scales up and achieves growth. It is not tough to find 20-somethings leading entire teams, handling entire business functions and working at a CXO level at a start-up. These experiences also come in handy in case an individual looks to switch jobs and seeks an association with another company.

2) Complacency vs. Novelty: Many of the new-age tech-enabled start-ups are often very disruptive in terms of market presence, and believe in creating something new to either address an existing market gap or to solve a completely untapped area of opportunity. As such, there is always a tangible feeling of being associated with something new that can make a positive difference to the consumer. This excitement of being a part of a fresh approach or vision is what drives many a young professionals to join the start-up industry.

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