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Hello World | Coming soon: Entrepreneurs with a solid Plan Z

India’s entrepreneurial ecosystem is set to explode. Thanks to all the 'fuck you' money that will go into the system.

June 30, 2021 / 03:00 PM IST
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Note to readers: Hello world is a program developers run to check if a newly installed programming language is working alright. Startups and tech companies are continuously launching new software to run the real world. This column will attempt to be the "Hello World" for the real world.

“A people too must live before it can philosophize,” philosopher and author Will Durant concludes in his book The Story of Philosophy. Lebanese-American essayist Nassim Nicholas Taleb takes that concept a bit further when he says that to be free to do what you want the way you want to, you need something called “fuck you” money. At family dinners, it's referred to as financial independence.

hello-world-logo-258x258Like philosophy, and other risky endeavours that need chutzpah, fuck you money is an important ingredient for an entrepreneurial ecosystem to thrive. Several Indian tech companies, including the likes of Zomato, Nykaa and Paytm, are likely to go public in the coming weeks. And that money is all set to flow into the system—freeing up experienced and talented employees to start their own companies.

But that’s not all. Anticipating the creation of nearly 100 unicorns in the next three-four years, early-stage investing is also starting to heat up. We already have close to 40 unicorns in the country. Many of these companies have also created liquidity events for their employees through share buy-backs. This means more employees can now get off salary cycles and make longer bets in line with their experience.