blog@Yantrajaal

Many young and energetic graduates from our premier institutes of learning have of late decided to opt-out of the placement services that these institutes provide to become entrepreneurs and set up new businesses. A recent slideshow-report by the Economic Times, features 10 such cases where students of IITs, IIMs and BITS Pilani have created a string of successful businesses. Prima facie this is an excellent development and we wish that many more students create many such enterprises but a closer look reveals some disquieting trends that may be worth a little more discussion. Seven of the ten businesses featured -- and these include well known names like Flipkart and Redbus, were about a service delivered out of a website. This includes monitoring school kids, booking of taxis, buses and trips, selling of goods and services over the web. Two were focused on building a software that facilitate phone calls over the web and the tenth was about building a robot. In all of these busines...