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> What would it take to build billion dollar product companies in India? Block foreign companies (mostly Americans but in the near future Chinese), like China

> What would it take to build billion dollar product companies in India? Block foreign companies (mostly Americans but in the near future Chinese), like China and Russia did. You have to protect local companies for them to grow. Technology takes time to mature.

kakeadw5481 10y ago
I completely disagree with this. I run a startup here in India. Practically speaking the main problems that we face are more administrative in nature. We spend almost 40-60 percent of our time sorting out issues from accounting, raising capital, convincing investors to back ideas here from India and most importantly educating them. More protectionism will definately mean a lot more difficulty in convincing international investors from looking seriously at us since at the end of the day, they need to be able to take out money if the want to. What we need desperately is a strong administrative and LEGAL framework to support business; This will really raise investor confidence both domestic and international. And overall give people the ability to compete at a global level. Indians are brilliant and dont need handouts or protection.. All we need is an decent environment and we can take anyone on.
- owebmaster 10y ago
  > convincing investors to back ideas here from India and most importantly educating them. Why do you think someone is going to back your idea if a foreigner can operate overseas and get all your market? That is why you are spending 40-60 of your time doing it (and probably without success, like all but few startups). You will not have investor confidence without a big success, like Yahoo or Alibaba. And you don't have a local big success if every company in Silicon Valley has an advantage over you. I'm from Brazil, so reality here is very similar with India.
icebraining 10y ago
Which tech products companies from those countries have global reach?
- owebmaster 10y ago
  This isn't the OP question. But Alibaba & Telegram have global reach (not necessarily good examples, though, but remarkable technology growing outside the silicon valley).
  - icebraining 10y ago
    If you only read the statement with the question mark, that's technically not there, but that would be missing the context of the rest of the post, in which OP says "I am curious why India does not have good product companies with global reach like TWTR, Slack, FB etc". Telegram is a company made by Russians, but not a Russian company, and while it is made outside SV, it wasn't made in a place that blocked foreign companies, as you recommended, and which is what I disagree with.
    - owebmaster 10y ago
      But you agree that the Chinese companies are the only ones systematically capable of competing with the ones from Silicon Valley today, don't you? I don't have an argument against Chinese protectionism. It paid the price.

kakeadw5481 10y ago

I completely disagree with this. I run a startup here in India. Practically speaking the main problems that we face are more administrative in nature. We spend almost 40-60 percent of our time sorting out issues from accounting, raising capital, convincing investors to back ideas here from India and most importantly educating them. More protectionism will definately mean a lot more difficulty in convincing international investors from looking seriously at us since at the end of the day, they need to be able to take out money if the want to. What we need desperately is a strong administrative and LEGAL framework to support business; This will really raise investor confidence both domestic and international. And overall give people the ability to compete at a global level. Indians are brilliant and dont need handouts or protection.. All we need is an decent environment and we can take anyone on.

owebmaster 10y ago
> convincing investors to back ideas here from India and most importantly educating them. Why do you think someone is going to back your idea if a foreigner can operate overseas and get all your market? That is why you are spending 40-60 of your time doing it (and probably without success, like all but few startups). You will not have investor confidence without a big success, like Yahoo or Alibaba. And you don't have a local big success if every company in Silicon Valley has an advantage over you. I'm from Brazil, so reality here is very similar with India.

icebraining 10y ago

Which tech products companies from those countries have global reach?

owebmaster 10y ago
This isn't the OP question. But Alibaba & Telegram have global reach (not necessarily good examples, though, but remarkable technology growing outside the silicon valley).
- icebraining 10y ago
  If you only read the statement with the question mark, that's technically not there, but that would be missing the context of the rest of the post, in which OP says "I am curious why India does not have good product companies with global reach like TWTR, Slack, FB etc". Telegram is a company made by Russians, but not a Russian company, and while it is made outside SV, it wasn't made in a place that blocked foreign companies, as you recommended, and which is what I disagree with.
  - owebmaster 10y ago
    But you agree that the Chinese companies are the only ones systematically capable of competing with the ones from Silicon Valley today, don't you? I don't have an argument against Chinese protectionism. It paid the price.