Nikhil Kamath On What Indian Entrepreneurs Can Learn From 'Tech Bros' In West
Investor Nikhil Kamath, speaking at the NDTV World Summit, suggests Indian entrepreneurs should learn from Western 'tech bros' by embracing risk capital and normalizing failure. He referenced China's 1990s Amnesty program, which encouraged entrepreneurs to try again after failure, as a model for fostering innovation and scaling businesses.
Why it matters
This perspective offers insights into fostering a more robust entrepreneurial ecosystem in India, potentially leading to increased innovation, economic growth, and a more competitive global presence for Indian companies.
The billionaire tech bros in the west have a lot more risk capital at hand, to experiment and try different things, Nikhil Kamath, investor and entrepreneur, told NDTV, suggesting that Indian entrepreneurs take the cue and that failure should not be looked down upon."We do think Indian entrepreneurs should really be thinking about, or trying to, scale at that level. Culturally in a lot of places that are being very innovative, somehow when these guys fail society does not look down upon them. Maybe that's something we need to inculcate here," the 40-year-old Kamath, attending the NDTV World Summit in Delhi, said. "If somebody were to raise a bunch of capital, attempt something huge, and not succeed along the way for whatever reason, it's not as easy here as it is for them in different pockets of the world where maybe more innovation is happening today.
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