Palihapitiya talks about why fintech on top of India Stack is the next big opportunity, India’s hyper competitive Internet market and the government’s approach to startup ecosystem

There has been a profound transition in the Indian entrepreneurial mindset who are no longer chasing to make clones of successful US businesses, says Chamath Palihapitiya, founder and CEO of the Silicon Valley-based venture capital firm Social Capital.

In an interview with ETtech’s Vikas SN, Palihapitiya talks about why fintech on top of India Stack is the next big opportunity, India’s hyper competitive Internet market and the government’s approach to startup ecosystem. Edited excerpts –

How do you think Indian startup ecosystem has progressed?

There has been a pretty profound transition in the entrepreneurial mindset here. 3-4 years ago, there was almost like a gold rush mentality to raise money that the easiest way to raise money was to basically represent yourself as an analog of an American success story. I think we finally have made this transition now where that isn’t necessary.

Read the complete story on Economic Times.

#socialcapital #Startup #Palihapitiya #economictimes #socialstartup

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