Today, entrepreneurs are everywhere. You're all doing your own thing and are masters of your own destiny. You're the CEO, the accountant and even the recruiter; you set your own hours, and maybe work longer than you did at your corporate job. Rings a bell? Well, all this might be true, and it makes you an entrepreneur. But it doesn't make your company a start-up!
The world of business is quickly changing. Multinational corporations are not only dealing with entrepreneurial ventures in India but also investing in them. Nasper's backed ibiboGroup purchased redbus.in and yourbus.in, while Oracle bought Bitzer Mobile. Billion dollar companies that no longer enjoy the "start-up" tag are acquiring promising new enterprises. Facebook, for instance, acquired Little Eye Labs and Google bought Imperium.
The 2015 Global Entrepreneurship Index (GEI) puts India at rank 104, falling 13 places from the 2014 rankings, below countries like Gambia, Benin and Liberia. The rank is calculated basis scores achieved on 14 'pillars' and India scores really low on most of the pillars.