The Billion Dollar Indian Dilemma

Since I haven&#x27;t worked to build any companies solely for the &quot;big exit&quot;, I might have a different opinion - I&#x27;ll ask anyway:<p>Wouldn&#x27;t it be better to increase the rate of companies that have viable financial models? What if you could tune a model where 50% of all companies survived for 10 years or more. In some ways, I&#x27;d rather have 20 successful $50M companies. And if they were all in my portfolio, I&#x27;m sure I&#x27;d encourage them to grow in a way that led to increased value AND longevity.<p>A question to Indian entrepreneurs who are in India: Since you have a culture with a long history and many notable firsts, why is the goal even stated in US dollars?

I think one big problem in India is the lack of big exits.<p>For instance, Nest was a &quot;billion dollar company&quot; because it got acquired by Google at a high price for a small company. Perhaps that reflects its value but it also reflects the dynamics of the U.S. stock market.<p>In India you might get bought by Wipro but they are the kind of people (for better and for worse) who have their feet on the ground when it comes to valuing things.

&gt; A typical valley based startup will “graduate” into the billion dollar club within 4-5 years<p>This is survivor bias. The truly magnificent ones hit the billion dollar club within 4-5 years. But there are plenty of highly successful that not only survive but thrive and are profitable and fail to meet your objective<p>&gt; Is it end of the road? Hell, NO! We WILL create billion dollar companies. More importantly, we will create stories – far more impactful than our global counterparts. Why? Because our heart is where it should be – in the right place.<p>Sorry to burst your bubble, but being successful requires more than wishful thinking. Much more.