Munjal writes about dismantling Riya operations in India. He talks about many of the problems I have observed over the past few months trying to recruit and retain talent in India. I sincerely hope this is not the beginning of a trend...
Sometime I wonder if we can estimate how much value is being eroded by service sector companies! I know that sounds rather negative but it is true. For creating value in a start-up environment you need long term commitment, you need to be able to sweat it out, you need to persist through the highs and the lows. The ability to make a lot of cash in the short term as part of a services organization trumps the dreams and the possibility of creating something big by being part of a start-up. There seems to be little scope for fostering valley type culture where entrepreneurial pursuits are appreciated. And that is eroding the future value top notch talent in India is capable of creating...
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Just random ramblings...
