The Startup Bandwagon; Ever The Skeptic

The Telegraph has profiled lots of Indian startups, including social networking, photosharing, video sharing, search, classifieds and others. What’s driving this space?
– The availability of funds,and the paucity of quality businesses to invest in – Anand Jain and Deap Ubhi of burrp.com
– The maturity of the Indian Internet market – Subho Ray, President of the IAMAI
– Hardware and bandwidth come cheap these days – say Ruban Phukan and Rajesh Warrier of Bixee and Pixrat
– Google Adwords Adsense is an initial source of revenue – Amit Ranjan of Webyantra

Who’s skeptical? I am. In general, I don’t think there’s enough innovation and most websites have not yet been adapted to the Indian context yet. I also don’t think the market is evolved enough, and people are mostly waiting (hoping) for revenue streams to evolve.
I was talking to a young entrepreneur also planning to start a social media venture. His reasoning – “I have the money (and a bricks and mortar business to fall back upon), but I don’t know enough about this line. I just want to launch a website and experiment with it. Even if it fails, I’ll learn from it and be better prepared next time.
Did I hear someone say BUBBLE? Not yet, if the cost of operations is kept at a minimum.
Related:
Some Startups and Quick Comments On Them
– From paidContent: The Growing Web 2.0 Deadpool Meme; M&A Candidates

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