What's the future of start-ups and start-up ideas?
I might sound stupid here but please hear me out. The market is crowded with so many startups in every domain. Older startups are much more stable, on track to become profitable or are already profitable with a huge market share. Not to forget the legacy companies with deep pockets and years of R&D and experience. Along with the competition, funding is another major pain point now because of various reasons we all know of. Also, somewhere I feel we don't face a lot of burning problems we faced a few years back which gave birth to a lot of startups who were actually solving some problem. Most of the new age startups out there are not really solving any problem but just offering premium products or services targeting just the high earning individuals. Most of the new ideas are repetitive with no major differentiation or value add. Because of all these reasons, I feel we might see very few new startups in future let alone successful ones.
Share your thoughts please!
Unfortunately Indian startup folks have a copy paste problem where they see successful ideas outside India and try to replicate them here. Doesn't work all the time.
But outside India the startup ecosystem is pretty vibrant and diverse. People are making billions from boring stuff like shipping and logistics.
Some sectors like SaaS and edtech might be saturated but there's always room for new ones, especially if they can execute better than existing competition.
Cycles of slow and fast growth will happen, but businesses/startups will keep cropping up whenever there's demand.