Ritesh Banglani zeroes in with incredible accuracy on why entrepreneurs-in-waiting don’t join startups. After all, working at a startup is only a step away from having your own firm… not.
The answer, I think, lies in understanding the differing motivations of young risk seekers in India and in the west. In my experience, young entrepreneurs in India don’t start companies to get rich – the financial motivation is very much secondary to the desire to work for oneself. This means stock options – the primary means of motivating people at startups – are almost worthless to the would-be Indian startup employee. If I have to work for someone else, the reasoning goes, I might as well continue working at Infosys.
That is as accurate a description of an entrepreneur’s mind as I have heard. First-hand and second-hand experience.