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Start Up: Anything is Possible

by icc-blogs@indianchamber.org

Venture Capital backed companies account for 21% of US GDP, and 11% of US private sector employment. The reason we are saying Venture Capital backed companies, is they have moved from Start Up companies to highly successful and profitable concerns. Moreover US Venture Capital firms are today investing in hotbeds of innovation such as China and India as we have become an interconnected society. Rough estimates, say Start Ups today have the potential to contribute 4-5% of India’s GDP by 2030 and have generated 1 million jobs since the Start Up India initiative.  Entrepreneurs have proved that conventional wisdom may be conventional but it is not always wise. They demonstrate that good ideas-the ones that change the world , are often initially rejected by all, except  for a niche  group of risk takers and innovative thinkers whom we  usually find among  the Venture Capitalists. And a  successful Entrepreneur is associated with a good Idea. But, then, what it takes to be a successful Entrepreneur? We feel it takes: a) Brains and Education and innovative ideas b) Energy and Passion c) Expertise d) Vision with good Execution e) Integrity and f) Nerve Control to overcome tough situations. We feel that this in you, the reader of this blog, too. Lastly, they need a favourable Start Up Policy which we have and a Partner in the form of a Venture Capitalist who is genuinely interested in the success of the Start Up. Venture Capitalists often take a Board Seat and provide key advice, mentoring and strategic guidance; help in hiring; help in finding customers , suppliers and additional Investors when needed. All this comes to the title as conclusion ; with a Start Up: Anything is Possible. Hence, come on, Start Up : India

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