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.
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
SM: What about entertainment? AG: There are a lot of Bollywood and music sites. They have unclear business models, but traffic continues to grow and they are able to pay for themselves. Those continue to flourish.
SM: Where are Indian entrepreneurs coming from? AG: Amazon India has produced several entrepreneurs. They were people who worked for Amazon in India. Similarly, people who worked at Yahoo! India have produced several companies.
Dr. Ashish Gupta is a co-founder of Helion and serves on the boards of Gridstone Research, Jivox, Kirusa, MuSigma, Naukri.com, and SMS Gupshup. He has co-founded Tavant Technologies and Junglee. His investments include Daksh (IBM), Odesk, Obongo (AOL), Speedera (Akamai), MakeMyTrip, Merittrac (Manipal Group), and Kaboodle (Hearst). Ashish is a Kauffman Fellow and holds a Ph.D.
SM: What has been your financing history? Did you finance this yourself at the beginning? JJ: I bootstrapped it a little bit. I recruited Rob Bradshaw out of Interwoven to join me. Scott Brave was the other person with me initially, and he came out of Stanford. I did not need a lot of funding
SM: How do you get the context? JJ: You have to emulate the brain. If you can emulate sensors and the neocortext, then we can behave just like humans. If you have human input on one hand and human behaviors on the other, then you can interpret human behaviors. You can give people what they
SM: Context is a key element of my Web 3.0 formula. JJ: At the time, I did not know the importance of context. That came later at Stanford. I just knew that it what was in people’s minds. Since I could not get into people’s minds, the closest thing I could do is judge what