India is right now world’s youngest startup nation. Govt. of India has launched special programs like ‘Startup India, Standup India’ to help and motivate entrepreneurs, and investments are flowing in from every direction into the Indian startups.
Let you know first what is the entrepreneur:
An entrepreneur as “a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of abusiness or enterprise.” Note the common keywords business and risk. If there’s no real business or risk, you’re not an entrepreneur.
If you want to be an entrepreneur someday, here’s an equation you should print out and attach to your mirror, computer screen, smartphone, or wherever your eyeballs spend most of their time:
Entrepreneur + Capital = Products + Customers = Business.
Some interesting highlights:
Now take a look about Indian entrepreneur. an average Indian entrepreneur isn’t a 25-year-old who’s graduated from an Indian Institute of Technology (IIT).
But who exactly is an Indian entrepreneur? Considering the fact that founders of some of the biggest Indian startups (Sachin Bansal, Binny Bansal from Flipkart, Kunal Bahl from Snapdeal and more) are from IIT, are all successful entrepreneurs belong to IIT?
An average technology entrepreneur in Asia’s third-largest economy is a male aged between 28 and 29. By the time his venture gets funded, he is over 32, according to data from Delhi-based startup Xeler8.
The sample startups operate in various sectors, including e-commerce, food technology, fintech, healthcare, agriculture technology, ad technology, data analytics, and gaming. The sample also includes large players like Flipkart, OYO Rooms, Snapdeal, and MuSigma.
Almost 50% of Indian entrepreneurs are graduates, and many of them hold post graduation degrees.
Educational background of Indian entrepreneurs
- Graduates: 47%
- Post Graduates: 37.8%
- Doctoral candidates: 11.4%
- Undergraduates & Dropouts: 1.6%
This will again, shatter the impression of so many young wannabes who assume that if Steve Jobs, Bill Gates and Mark Zuckerberg can dropout and make it big, then dropping out is the success mantra.
In fact, graduates from premium schools form a very small percent of entrepreneurs in India.
Most Indian entrepreneurs have studied non-elite colleges:
- IIT or IIM Graduates: 16.4%
- Other colleges: 83.6%
Gender of an Indian Entrepreneur:
91.4% of all entrepreneurs which Xeler8 studied are male; and only 8.6% are female. (Not surprisingly)
Entrepreneurship in India—just like in Silicon Valley—is heavily male-dominated. Less than 9% of startup founders in India are women.
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