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India has a drought – not of Investors, but Customers

vijayanand.name

31–34 of 34 posts

Re: India has a drought – not of Investors, but Customers

#31

Earlier quoted context omitted.

This explains you haven't read the article in its entirety. Please read it again, he references it as the first link while citing examples about the superiority within the Indian Start-up eco-system. That is a contradiction in a way that you cannot promote something as a valid citation while you stand to benefit from it. >Sidenote: Vijay Anand has done so much to Indian entrepreneurs and Indian startup ecosystem. The…

Well, I don't see any problem in plugging one's event in a blog post. If you don't like the idea of paid event, why bother following him in twitter and commenting on hacker news? Where does he advertise about his contribution to the Indian startup ecosystem? It is entrepreneurs like us who say he does. >He takes money for providing an office space in return You want office space for free? >How does that contribute as…

Your answer is vague, but I will try to be objective as much as possible.

>Well, I don't see any problem in plugging one's event in a blog post.

The problem here isn't plugging his own event in his post. The problem here is that he cites the successes of start-ups and links to it. That is un-ethical. He stands to benefit from it by falsely citing it as a valid example. Many people here on HN DO NOT know that he runs it. His intention was malicious, if not unethical.

>You want office space for free?

You are missing the bigger point - Offering office space for {insert rate here} is something that anyone can do and that doesn't make one a contributor to the start-up ecosystem, atleast not as much as to the proportions to which you blow it up.

> He hosts free events like Chennai OCC, Chennai geeks at the startup centre. Also the space is free if you want to host any free event.

I've heard of these events. One of my friends tells me about it. I've also heard horror stories about Vijayanand mocking young college guys interested in starting-up. I also heard from him that he isn't just the one behind it, there are a lot of active young minds involved.

>You know how much he charged for the office space for the period of six months? ZERO(because he wanted me to succeed and i was a recent college grad)

Your personal positive experience with him is best kept personal. Because we're talking about the rest of the Entrepreneurs from whom he collects money.

I understand your experience is so far positive with him. But, please don't try to dilute a valid argument using your individual opinion. I also understand that you have co-founded a company which you and Vijayanand have mutual interests in (like someone here commented). Please don't try to support him in public just for that reason - When someone is at wrong, it's best we let the others know about it, otherwise the purpose of such a vibrant community will be poisoned by such profit-motivated posts.

EDIT: Vijayanand has edited the link that went to his in50hrs programme. Maybe that's why you didn't notice it.

Re: India has a drought – not of Investors, but Customers

#32

Earlier quoted context omitted.

Well, I don't see any problem in plugging one's event in a blog post. If you don't like the idea of paid event, why bother following him in twitter and commenting on hacker news? Where does he advertise about his contribution to the Indian startup ecosystem? It is entrepreneurs like us who say he does. >He takes money for providing an office space in return You want office space for free? >How does that contribute as…

Your answer is vague, but I will try to be objective as much as possible. >Well, I don't see any problem in plugging one's event in a blog post. The problem here isn't plugging his own event in his post. The problem here is that he cites the successes of start-ups and links to it. That is un-ethical. He stands to benefit from it by falsely citing it as a valid example. Many people here on HN DO NOT know that he runs…

I Love your spirit David. Hope you will share some of this in building the local community as well, someday (with your real name ofcourse).

Now shall we leave the personal attacks to rest and attend to the topic at hand? - if you do have something to contribute, that is, so that we dont take much of the time of folks from this community.

Thanks in advance.

PS: Am just another guy building a startup. Cant say any more credits beyond that. FYI.

PPS: Thanks for the follow.

Re: India has a drought – not of Investors, but Customers

#33
post #28

I agree with Vijay . Read other comments, some don't understand the Indian context. Indias biggest ecommerce site is operated by federal government owned , IRCTC, they sell train tickets which is the most popular form of long distance travel. you can hear lot of horror stories at https://twitter.com/search?q=irctc&src=typd Then indian financial and banking regulator RBI, they limit online payment in every possible wa…

>> a) every online credit card payment needs multi factor authentication. I am not sure you stated this as a seller, customer or as a payment-gateway guy; but I, myself, as a customer find this feature to be one of the best things to have happened to Indian banking scene and I feel (and am) many times more secure having this feature around. >> culturally Indians feel guilty for exuberance, so they would go for value…

Fakeer,

Bottomline: the definition of early adopter as the west calls them, is a bit of a scarce populace in India. Thats what i was hoping to get at, and it looks like we agree.

Not at all complaining about whats all in place (in terms of security etc) - we might have avoided the credit card scams to a large extent thanks to that. No debates there. Just that the prevalence of all these checks and balances, makes India a harder market to grow a company like its grown in the valley (but the metrics set by the investors are predominantly the same), which comes back to bite indian startups.

Re: India has a drought – not of Investors, but Customers

#34

I agree with Vijay . Read other comments, some don't understand the Indian context. Indias biggest ecommerce site is operated by federal government owned , IRCTC, they sell train tickets which is the most popular form of long distance travel. you can hear lot of horror stories at https://twitter.com/search?q=irctc&src=typd Then indian financial and banking regulator RBI, they limit online payment in every possible wa…

IRCTC is still the biggest ecom site despite their UX and UI and all that; it simply solves a problem people want solved more than all the other stuff. India's ecom isn't about the fluff and the sub-millisecond response time; it's just about doing something right, and the success stories like Naukri or IRCTC or whatever have gone that route.

RBI isn't limiting stuff for no reason - multi factor makes Indian CC sites a much better alternative than abroad, honestly, where you can get overbilled and then have to go to court/claim etc.

Merchant account and TDRs are negotiable, anything above Rs. 100,000 a month ($2,000) can get you below 3%.

Logistics aren't such a bad deal - have worked with vendors who now have great options and assurances for ecommerce players.

Indians feel guilty for exuberance? I disagree. Having lived in Delhi and Mumbai and Bangalore, I see no end of ostentatiousness (if there is such a word).

The arrest on posting online is being addressed, and the law is ill-thought-out and if we put heads together, we can change things.

People pay in cash: so what. They will buy online if you give them stuff cheaper. If ECom sites stupidly decide to charge near-market rates, and they will die. It's cheap (in price) that works, and if you are that, they will pay you in whatever way you want -- cheque, cash, card etc. (See IRCTC: they don't take cash online, they don't do CoD, yet...)

Vijay's article has the correct tone that we should focus more on customers than investors. However, you need money to make money, sometimes the customer who wants you is a customer you just can't reach, because you don't have the money to show him your wares. And thinking "big" is now possible because there is money available for the investment, instead of waiting for organic growth.

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