India’s policy makers and investors look to Silicon Valley as the model for innovation and believe what its venture capitalists (VC) say. This is not a wise thing to do because these VCs often propagate false stereotypes and live under the delusion that they know it all. For India to build an innovation economy, it needs to dispel the many myths.
Image: An innovation festival at Nehru Science Centre, Mumbai. It’s a myth that entrepreneurs are born, not made. Look at Mark Zuckerberg, Steve Jobs, Bill Gates, Jeff Bezos, Larry Page, Sergey Brin, and Jan Koum. They didn’t come from entrepreneurial families. Their parents were dentists, academics, lawyers, factory workers, or priests.(HT)
