“Working in a company like Detect which involves people from across various fields, says Daniel, gives you an experience that academic life simply cannot. “In fact”, he adds, “our firm is proof that students from IIT Madras, if provided the right guidance in technology, can generate more intellectual property than even PhD scholars from big universities can. We even foster other startups to grow out from Detect Technologies from the problem statements that we identify from the industries.”
“We have a huge set of data from the students about their transaction patterns. In a couple of years, we plan to leverage our experience in lending and college transactions to enter the student credit market. Say a student needs money during the middle of his semester for untoward emergency, then we can help him avail those loans through the microfinance industries.”
“The Indian startup scenario is highly competitive with more than one startup working on a similar idea. A few are destined to fail. However, this is no way an indicator of the startup ecosystem in India.” From startup culture to the Maker revolution and its potential for India, Balaji Viswanathan talked about a gamut of things. His enthusiasm and passion are sure to leave a lasting impression on the students who attended his talk. The Shaastra pre-lecture series could not have gotten a better start!
“Sometimes your solution to a problem will seem very obvious. Never think about why someone else hasn’t thought about it. You will be surprised by what is not obvious for many people and how much inertia people have in implementing something new.” Finally, he says, “Most importantly, think big and never be intimidated by the problem or the difficulty in thinking big. The bigger you think, the tougher it is for your competition to beat you.”
One of the selling points of a solution like Tangle is its simplicity – they are so easy to make that it is possible to make one at home. Arun tells us how they went about shaping their initial idea. “We spent a month running through a number of iterations to come up with the perfect dimensions and placement of holes that would make a Tangle usable by 90% of all available earphones. Also, since Tangle is as small as a credit card, you can fit it into a wallet when you’re not using it.”