I realize there are a lot of talented hackers in India, but our next "destination" is the 99% of hackers in the US who could start startups and instead just go get jobs at big companies. Even in the US, we've just begun.
Probably not, but YCombinator could be an Indian's next destination. I don't think India has the startup culture nor tech culture etc that is enjoyed by America. (neither does Europe, apparently)<p>sabhishek - You should apply to a YC funding cycle. Deal with the visa issues later! (but not too late)
IMO, YCombinator should fund startups in India. Contrary to popular belief there is significant entrepreneurial and IT activity happening here. I would not take anyone seriously who generalizes a whole nation, especially one as diverse as India, in one fell swoop. I am not saying the startup levels are anywhere on the scale of Silicon Valley, I am saying that there is sufficient talent of all types available in India.
Unfortunately, these questions come up for the wrong reasons such as Visa problems. If YCombinator helped with Visas, then I don't think this question or other similar ones would pop up.<p>In terms of finances, the dollar goes a long mile in India and that is a plus. Perhaps a YC startup will probably run out of India in the future, especially because web startups are allowed 100% foreign ownership and foreign direct investment in India.<p>I thought it might be interesting to start a google group for all Indians who read Ycombinator and similar stuff and maybe want do a startup - <a href="http://groups.google.com/group/TechStartups-India" rel="nofollow">http://groups.google.com/group/TechStartups-India</a>
Join in, lets find out how many Indians are around and lets chat/meet up :)
It is high time India (and Russia, China, Vietnam etc) founded their own angel investors. People willing to risk, willing to believe in their own people. <p>We rely too much on the generosity of America.<p>The IT boom in India has been largely, IMHO, as a result of American projects rolling in.<p>Why cant we generate our own?<p>All the Valley VCs from India (they are too well known for me to mention) should be ashamed of themselves. The top VC in the world is Indian.<p>that is why Bill Gates gives $100M and plenty of his time and energy to eradicate diseases in India's children. LN Mittal who is the 3rd or 4th richest man in the world, gives how much to his home country? (no reports of his giving).<p>Selfishness. that is the bane of India. That is why you have beggars on the streets alongside Mercedes Benzes.<p>And yet another unpopular post from me. :)
The advantage of the US seems to be a large pool of candidates can move freely between states. The other place I can think of like that is the EU where a resident is allowed to work in another country without requiring a visa, etc. The differing cultures of the EU's countries is an extra benefit.
The US might be the most favorable environment for tech startups but it is not the only breeding ground for great tech startups. South Africa (Ubuntu Linux), India (Hotmail), Brazil (Orkut), Sweden/Denmark (Skype), China (Maxtheon browser) and the list goes on.
Do you mean YCombinator should come to India? Or have such a phenomenon work in India?<p>Personally, I think angel funding is not very relevant in India because the startup costs are extremely low. Also, VCs are not as prevalent as in the US (that seems to be changing with proto.in etc) so the VC contacts that YCombinator provides might not apply either. But the advice and ideas of someone like Paul Graham would do wonders, but I can't think of a resident Indian in that place.
I guess IIT Powai had started KRSIT course for this sort thing. Although, it seems thats not very much successful.<p>Anyway, the main reason as already stated is that such people land in US rather than in India to become rich!<p>And even if someone builds such product in India, US is the main market to sell it. Selling the product remotely is not that easy!