SM: I think the individual-led incubator model is the best one for India. AG: A lot of these education institutions are hampered by the fact that the quality of mentors to the entrepreneurs is not high. They continue to labor under serious delusions as to what constitutes a business.
eXo provides an open source software for areas including enterprise content management, workflow, and collaboration. The software is made for the Enterprise 2.0 workplace and was developed in partnership with its customers and partners.
On October 15, IBM (NYSE:IBM) reported third-quarter results that topped estimates, and the company raised its full-year guidance. However, IBM’s shares dropped because its results were not as good as investors had hoped and there was a drop in contract signings. Let’s take a closer look.
SM: What are you seeing in the Indian ecosystem in terms of deal size? What is the smallest size investment you would make? AG: We would be willing to write a $500,000 check.
Sramana Mitra’s next FREE online Positioning Roundtable for entrepreneurs is this Wednesday, October 21, at 8 a.m. Pacific Time. You can find more details and register here. All are welcome to attend.
SM: What is happening on the retail side? AG: Lots of interesting stuff is happening in retail, financial services, and education. One way to look at India is as a readjustment of a standard of living. Everything that goes into standard of living is in a boom phase.
In one of this week’s Entrepreneur Journeys interviews, Ashish Gupta of Helion tells us like it is for venture capital in India. For this and the rest of this week’s posts, click on the full article.
SM: There was a wave in the category of mobile value-added services. What is your synthesis of that at this point? AG: The biggest challenge for most of the companies at this point is that the carriers choose to keep 85% of the revenue. They expect the startup to put in the capex to get