How important a role does an idea play in spotting an opportunity?
An ‘idea’ is of course the beginning of an opportunity. Let’s take the example of Tata Nano, which in the beginning was essentially just an idea. And then one man, one entrepreneur Ratan Tata decided to bet on that idea and this trait of betting big on an idea can only come from an entrepreneur. Though you have these big global automotive giants like General Motors, Toyota and the who’s who of the world. But one guy with a pretty small company compared to these global giants had that entrepreneurial bent to convert an idea into reality. He saw an opportunity here: billions of people, no proper motor transport, we got to find a solution for this. And he did it! • Entrepreneurship: Trust your gut feeling So Nano was just an idea. After that Mr Tata spent his energies to sit and work on that idea. Is money a very important factor for an angel investor? You know the Indian stock markets, right? I mean my wife can make more money than I do by investing in the market. But that’s not the key
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