Bursting some myths around entrepreneurship
India's business horizon gloats of a few startups, some around 200, in last one year. With the change in technology and the growing market, one thing that continues striving in entrepreneurs is their risk-taking ability. But in spite of this, 90% of startups fall flat, and there are factors other than just ideas being obsolete. There are a lot of myths buzzing around entrepreneurship and the Indian startup ecosystem . These myths misguide aspiring entrepreneurs and they end up doing the wrong things. So let’s see and burst a few common myths about the startup ecosystem. `Venture capitalists are the best for funding On an approximate, VC funds only about 3,000 startups in a year and just one-quarter of those fundings are for startups or seed companies. This myth misguides a lot of entrepreneurs to planning their business model on seed fundings. There are other ways of fundings, like bootstrapping or crowdfunding that can help you get the same amount of funds, as the VC. A startup r