This. India is a billion people and maybe 10-20% have internet access. Of those 10-20%, the vast majority do NOT have $20k to spend ($20k is the average consumption level of the poorest Americans). China and the Philippines are certainly richer, but not drastically so.
Rough numbers: USA is a $16T economy, most of which is on the internet. China is an $8T economy, most of which is not. India is $1.8T.
There is certainly opportunity here, particularly in the long term (probably why Facebook bought them), which is why I'm in India introducing people to BayesianWitch. But be realistic about the market.
Rough numbers: USA is a $16T economy, most of which is on the internet. China is an $8T economy, most of which is not. India is $1.8T.
There is certainly opportunity here, particularly in the long term (probably why Facebook bought them), which is why I'm in India introducing people to BayesianWitch. But be realistic about the market.