If we look at the story of an entrepreneur a few years ago, the scenario was very different from what the budding startup goes through today. As little as 3-4 years back, for an entrepreneur to get investment was a big deal. In fact, it was a big deal to even get an appointment with a potential investor. Entrepreneurs had to go through a number of canceled meetings before landing the chance to meet with a potential investor.
Moreover, with a limited budget, most entrepreneurs had to take care of everything on their own – right from fulfilling a customer’s order, to code fixing during an update as well as subjectively reviewing one’s own progress over a stipulated time. With the lack of money came the insecurities bundled along; startup founders would see their peers getting promoted, enjoying hefty pay packages and luxuriously spending their bonus amount, while the entrepreneur would be in a spot just trying to make ends meet.
As a result, even families and friends would discourage an aspiring entrepreneur from taking the plunge into the uncertain future of launching a startup, where there was no guarantee of success.
Often, the people whom one expected to get the maximum support from, (even if it meant getting just moral support and encouragement and not necessarily financial support), ended up being their biggest detractors, thus, making the journey seem even lonelier and disheartening.
However, the startup scenario has seen a drastic shift over the last couple of years. The entire ecosystem has seen a 360-degree shift, with it becoming more supportive than ever.
If you look closely at the entrepreneurship ecosystem today, you can see that not only are investors keen on investing in novel ideas and concepts but are also willing to share their experiences with entrepreneurs and mentor them so theycan be successful.
Clearly, startups are finally getting their due in the country and the pace will only pick up in the coming times. What we’ve seen right now is just the tip of the iceberg and the exciting times have just begun to roll. With support pouring in from all quarters, the ‘lonely times’ are certainly over.
Raj Isaac Abraham
Entrepreneur
https://www.facebook.com/Raj-Isaac-Abraham-765159050257036/
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