> Before they could build enough scale to reach profitability, the startups ran into obstacles familiar to Indian companies: red tape, unpredictable regulators, intense competition, consumers’ limited spending power, and founders’ eagerness to prioritize growth over the sustainability of their business models.
Truly makes you appreciate the set of conditions that allowed SV to develop over time, and how difficult it is to replicate this elsewhere.
Truly makes you appreciate the set of conditions that allowed SV to develop over time, and how difficult it is to replicate this elsewhere.