As part of the launch events for my new book, Carnival In The Cloud, today we turned the focus on the Indian cloud entrepreneurship scene. Two special guests, Ravi Gururaj, Chair of NASSCOM’s product council, and Sharad Sharma, Founder of iSPRIT, each with enormous contributions towards the growth of the Indian software product eco-system, weighed in with their thoughts on the various aspects of the market.
Ravi emphasized that India is still a nascent market, and Sharad emphasized that entrepreneurs will need to be patient and use bootstrapping aggressively. However, the combination of mobile and cloud will continue to create tremendous business opportunities for Indian entrepreneurs.
We are all bullish about the long term.
Mass customization has been the holy grail of fashion e-commerce for the longest time. Meet Kyle Vucko, CEO of Indochino, a men’s fashion company that has cracked the code.
Sramana Mitra: Let’s start at the beginning of your story. Where are you from? Where were you born, raised, and in what kind of circumstances?
Kyle Vucko: I grew up in Victoria. It’s a smaller town on the west coast of Canada. I ended up going to the University of Victoria where I met my good friend Heikal Gani, who is my co-founder. >>>
I am terribly irritated by the pervasive and continuously fanned misperception that Entrepreneurship equals Financing.
Entrepreneurship = Customers + Revenues + Profits.
Financing is optional.
Exit is optional.
The media is reinforcing the myth. Business schools are reinforcing the myth. And hence, they’re setting up entrepreneurs for failure.
Sramana Mitra: What was the intellectual property that you bought? From whom did you buy it?
Atul Jain: It was a one-person entity. I hired a person that had a bit more telecom knowledge than I did. I asked him about what I could build and he talked about doing something in the billing reconciliation system. I said to him, “Is there something that I could buy as a starting point.” He told me that there was this one guy who had an intellectual property. I bought that and found out that it was incomplete and didn’t have a back-end. We bought a little something that didn’t quite work as a standalone.
Today’s 234th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, October 16, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.
Today’s 234th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, October 16, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Consider this scenario:
A large technology corporation has a few hundred products that are sold to thousands of enterprises and small-medium businesses.
Because of the fast pace of change in technology, every single product in the portfolio experiences market pressures of various kinds. Competition from startups. Integration requirements with external products. Architecture changes in the technology stack. New capabilities due to new discoveries.
How does such a corporation stay on top of the constant need to innovate, and not get disrupted by an upstart?
My answer: Train the Intrapreneurs.
According to researcher ITSMU, the IT Service Management (ITSM) market was dominated by BMC last year which accounted for 40% of the market’s revenue share. HP came a distant second with 17% share and was followed by ServiceNow, which accounted for 12% of the market. TechNavio estimates that the global ITSM market will grow 7% annually over the period 2012 through 2016. Cloud-based ITSM vendor ServiceNow (NYSE: NOW) is growing their revenues at a much faster rate.