Have been spending a lot of time here in bay area of late, and have been seeing a fair bit of startups here. One thing that strikes me is how naturally the “market knowledge” comes to the whole community, including the founders and investors. Some of the plans I see within India are out of step with global competition. Especially in technology oriented businesses, the competition is global, and it becomes very important to be aware of whatever is happening on that front globally.

Of course, the other route is to pursue local opportunities (either consumer driven, or technology which is driven by local environment, etc) where I would expect local entrepreneurs to have the same natural awareness of whatever’s happening around.