Vineesh's Thoughts

Mr. Karnik highlighted the extra-ordinary requirement of mentoring for startups. He suggested that despite the usual egos of startup founders, mentors are extremely helpful and slowly but steadily the mentorship scenario is improving.

The important take-home lesson for an entrepreneur here was that India is a country with adversity and diversity.
The diversity allows for a variety of ideas to take shape and times of adversity (read recession and slowdown) welcome new ideas and solutions.

An important suggestion by Mr. Karnik suggested that technology startups should not just look outside India for their markets.

One question that was raised was about getting into the market created by Government agencies, which is dictated by the rules of Brick and Mortar businesses. Mr. Karnik's suggestion to this was that it is necessary for entrepreneurs to come together and get the rules changed with the government, because it would be an extremely difficult process of change, however would unlock an extremely profitable market.