The dearth of experienced people is a problem both in the US and in India. But unlike India, the problem in US is because of the rising number of startups, said angel investor from Silicon Valley Esther Dyson, at the Startup Village in Kinfra Park, Kalamassery, on Sunday.
Esther, who has invested in about 150 startups in US, Russia, Poland, Africa and one in Bangalore, said that entrepreneurs should have good communication skills, flexibility and continuous innovation.
Esther, who is also the chairperson of Global Agenda Council on Fostering Entrepreneurship of the World Economic Forum, said that she is interested in startups that endeavoured to make around 10,000 people productive than the ‘one-man hero’, in the field of health and logistics.
Startups are all about identifying problems, and finding a solution, which may or may not be a success.
She said that she has tasted failures too but has considered them as part of her success.
Her first investment was in the company where she had worked. “I bought it from my boss. I have been lucky all the way, for all the hard work that I put in initially,” she said.
The 61-year-old philanthropist is also the founding chairperson of Internet Cooperation for Assigned Names and Numbers.
She is revered world over for her investment in game-changing startups like Flickr and Del.icio.us (later acquired by Yahoo), Brightmail (acquired by Symantec), and Medstry (Microsoft), and Medspace (now part of WebMD). She interacted with the entrepreneurs and listened to the presentations made by the startups ‘nwplying’ and ‘blue bag’.
Startup Village CEO Sijo Kuruvila George and Sanjay Vijayakumar, chairman of the Board of Governors of the Startup Village were also present.
They said that 10 startups will be selected for the annual Silicon Valley Acceleration Programme.
“If one of our firms finds itself on the list, it will have the potential of being a global company and will give exposure to other firms in India,” they said.