I love the humorous twist in telling some home truths. I was an an investor conference organized by Google in Silicon Valley this week and we had to discuss the peculiarities in different regions. One of the points I made was that risk is high because there is very little structure and domain experience supporting industries. We don’t need government to give people money but just do their job. Founders also should do their homework before embarking on ventures. It is not compulsory to build something.
My hypothesis has always been that the greatest entrepreneurs and investors yet to come are still working somewhere to gain domain experience. They may be in regular industry or working for existing investors. Inexperience from both the entrepreneur and investor side is compounding problems currently.