In a column on Financial Express, Sanjay Anandaram, founding partner of early stage VC fund JumpStartup talks about the lack of mentoring in the Indian entrepreneurial scene.
“While having mentors and advisors is in itself no guarantee of success, having the right mentors can often reduce the agony of late unhappy realisations of the state of the business.”, he says.
Why are Indian entrepreneurs shy about involving advisors? While the entrepreneurial eco-system here is not as mature as in the US and the culture of mentoring is not as widely prevalent, the fact remains that most entrepreneurs are hesitant to have advisors. Some of the hesitation can be attributed to lack of awareness and shyness. The more serious reason is due to fear, anxiety and arrogance. Fear about losing control and influence; fear of sharing company information with a third party; fear of having to share the pie and arrogance about knowing it all.
Read the entire column here – worth a read.
