October 7, 2007

DARE- Indication of Entrepreneurial bug in India !!!

Few months back , there was an article which mentioned about StartupNation - the radio show in US, which is solely focussed on Entrepreneurship. Guess what , India is also catching up in the rat-race with the launch of a new magazine(on Entrepreneurship)-DARE (Because Entrepreneurs Do) by Cybermedia.The logo of the magazine is very interesting with red R signifying the fire in the blood of the Entrepreneurs biggrin.

Few days back, I picked up the first issue of DARE and the content is pretty informative as well as organized. Some of the notable/ interesting sub-sections in the magazine are as given below:

Icon : How to be the next Narayana Murthy [very interesting article]
Funding/Equity : How to get into Private Equity
Opportunity/Idea : This features "Entrepreneur of the Month" - VSS Mani of JustDial
Policy : Insights into Legal Policies for Startups & 15 minutes guide to Trade Marks
Brands : Insight into Brand Management
Campus : Article on Campus Incubation
Strategy/IT : Web 2.0 & Digital signatures

[Note : Website of DARE is coming soon !!!]

Check out the podcast of Pradeep Gupta , Managing Director of CyberMedia sharing his thoughts on Entrepreneurship.

[Credits : Kamla Bhatt]

All in all, an interesting magazine, which gives an insight into the Entrepreneurial scene in India and a guide to watch out for in future smile. I guess, time is not far when we would soon have a StartupNation in India as wellwink.

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At Oct 9, 2007, 7:13:00 PM , Anonymous Anonymous said...

I am Vivek, an MBA graduate and working with a KPO.
When we talk about Entrepreneurs and startup ventures we are left with very less options for funding such new ventures. Venture Capital and Angel Investment are on top for funding such startups. Angel Investors are highly recommended or interested for funding entrepreneurs as these are not group of individual or firms as in VC’s.

Mainly angel Investors are high profile successful individuals in their own field, having money and time to invest for high returns. Such angel investors look for Rewards. If you have a business idea, an innovation to convert it to a venture you should approach to angel investors telling them their rewards on investing in your business idea and the risk involved. This is a High risk - High reward business. Higher risk taken by you if giving your investors High returns/rewards, then a successful startup venture can nourish so do your dream as an Entrepreneur.

Now, this is all about what angel investors or simply investors look for in a new or budding entrepreneur. But when we think on behalf of Entrepreneurs, then the foremost question that comes to our mind is - Where to get such investors? It is not easy to find Angel investment or simply Investment for your business.

Having an innovative idea alone does not fetch or attract investors, but you have to elaborate such business idea in the form of business plan telling each and every aspect of your business. These aspects may contain the form of your business, your target customers, target market, the management, the risks, the growth prospects and the exit plans if any. After reviewing such business plans Investors will decide on taking over your project for investment.

Who will help me in this?
There are many resources available for getting knowledge and lots of information on Entrepreneurship and startup businesses. Many online portals organize meets, guest lectures and events for this. Does it really help entrepreneurs? Of course Yes, but very few will agree on getting funding or investment out of such activities. A practical approach is necessary for this.

A simple approach is followed by a portal www.pitchindia.com :

Register  submit your business plan  business plan assessment  Get reviewed by angel investors  let investors contact you if your business plan interests them  meet them and grab your funding.

I didn’t find such approach anywhere else especially in India as this portal targets the young Indian entrepreneurs.

If you really want to explore more about it do visit www.pitchindia.com.

Some helpful Links are:


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