I never said that India doesn't face multiple issues, if that was suggested from my comment, it was misleading and I apologize.
That said over here, the risks to failure are higher for startups due to having to overcome the lack of infrastructure - which means more support work is required for each hour of work spent on the actual product. Just getting a good internet connection, or even electricity, can be hugely difficult, adding to the chores which an entrepreneur will get out of his way, before he can focus on his product.
This is one of the reasons, India has far more successful service companies than product companies.
To me this means that a product/service has to have a much higher chance of succeeding (risk reduction) or higher pay off when it takes off, to make seed funding viable in the first place.
If infrastructure is built though, then costs are lowered, and risk/cost of failure goes down. Especially risk brought on by external factors not related to the team, market, service or product.
Please note: I am not saying that failure doesn't hurt in San Francisco or America. I am saying that in comparison, you would rather fail in the states, than you would in India.
I think its just your style of writing. Also I think you are writing from a political perspective rather than an entrepreneurial one. Nothing wrong with that. Most people here are neither Indian politicians or entrepreneurs, it's just that this forum is biased to one perspective.
That said over here, the risks to failure are higher for startups due to having to overcome the lack of infrastructure - which means more support work is required for each hour of work spent on the actual product. Just getting a good internet connection, or even electricity, can be hugely difficult, adding to the chores which an entrepreneur will get out of his way, before he can focus on his product. This is one of the reasons, India has far more successful service companies than product companies.
To me this means that a product/service has to have a much higher chance of succeeding (risk reduction) or higher pay off when it takes off, to make seed funding viable in the first place.
If infrastructure is built though, then costs are lowered, and risk/cost of failure goes down. Especially risk brought on by external factors not related to the team, market, service or product.
Please note: I am not saying that failure doesn't hurt in San Francisco or America. I am saying that in comparison, you would rather fail in the states, than you would in India.