Chasing Rainbows Won’t Save Indian IT It Desperately Needs to Reinvent ItselfVivek …

Wipro announced in May that it will open a technology center in Mountain View, California, to partner with startups in artificial intelligence and automation. And Infosys has just announced an investment in Palo Alto-based venture-capital firm Vertex Ventures, “to boost its access to startups focused on disruptive technologies”. Both companies seem to believe that setting up a Silicon Valley office or investing with a second-tier VC firm will help them survive the disruption their businesses face (Explained here: Why I Have Become Pessimistic About Indian I.T) They are sadly mistaken.To start with, successful startups in Silicon Valley see venture capital as a commodity. They pick and choose their investors and don’t give them the time of day. Being a small part of a venture fund that has a tiny share of ownership…


Link to Full Article: Chasing Rainbows Won’t Save Indian IT It Desperately Needs to Reinvent ItselfVivek …

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