Live update - 1 of the TechSparks event

13th Aug 2010
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Charles: You've seen the ecosystem. What are the lessons that you have learnt about the technology space in India

Prakash: Just a few points. When I did my first business, the whole thing changed when a lady came and said can I give you a bank facility of Rs 10 lakh. The kind of support that you get, angel investors. I can execute a Rs 50 crore plan and execute without taking any investment. Everything boils down to confidence. There is a conception that entrepreneurs are risk takers. I'm not a risk-taker. First you have to be a master, put a team that understands the problem. This is one-half of the battle won.

To be persistent with whatever you are doing. Focus should be absolutely on. I've never been in a product business before. This is the first time.

Alok

I started my business in 1999, online advertising markets were small then. Today the same businesses are working. Makemytrip.com struggled for 6 years, persisted, and now is trading 900 million dollars on the NASDAQ

Infrastructure on a variable scale model. Young companies can experiment with little amount of money. More substantive trend -- for several years. Enterprise software companies struggled earlier, now they are hot. Pay as you go has helped.

Prashanth: Why Israel is innovative, more than China, India. We don't fund companies. Israel is catering to defence customers. As angel investor, entrepreneurs

We don't do as much seed investing as in Israel. Where Cloud computing

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