India is quickly becoming a leading global startup hub. Rising numbers of entrepreneurs, incubators, international and local VCs, and multinational corporations are turbocharging the development of a burgeoning tech scene. In fact, the number of startups in India is expected to nearly quadruple from 3,100 in 2014 to over 11,500 by 2020.
As an expat entrepreneur who moved to the U.S. from India, I have been able to benefit from each startup culture, applying the best of both styles to drive my company forward. My experience has recently come full circle, as my company gets ready to open its first office in India, following our roll-out across the U.S. and Canada.
Given that the vast majority of startups fail, Indian business culture must begin to examine its tolerance for founders’ missteps – and encourage the knowledge gained from failure to be applied to future success.
(Originally Published at Forbes)