I have been asked to put down my experience of starting and running a business in Bangalore. All of us have lived in Bangalore for at least 2 years inside the IISc campus. Our view of Bangalore is heavily skewed by our experience at IISc. My view of Bangalore was that it is a very settled, slow moving, high-tech and amazingly green city.
I graduated from IISc in December 2008 and returned to Bangalore only in January 2015. This time I was in a different part of Bangalore, the startup region – south Bangalore. I was pleasantly surprised to see the speed of development here. Everywhere you go, you will find boards of companies hanging over houses, buildings and shops, new buildings being constructed to house more and more companies. No street is left untouched by the startup buzz.
We started our company at a coworking space. The concept of cowork space is pretty amazing as it gives you a feel of office without being too hard on your budget. Most companies are bootstrapped at least in the initial period of their existence, our case was no different. Companies providing cowork spaces most often convert big houses into workspaces, where they charge you per seat (~5k) and also provide you with a registered address for your company. You can also get a dedicated room or cabin for your team at a slightly higher cost per month.
Being in a cowork space you get to interact with other startups and participate in their journey. I will often see a 3 member founders team suddenly getting a lot of funding and increasing their team to 30-40 in a matter of a week and then moving out of the coworking space. Others will remain stable and work on their product. Some will stop coming as their startups were not going anywhere.
Our company is now 1 year old, unofficially (0.5 years, officially). We are now incubated at IISc. Instead of putting everything in one post, what I have decided is to write to you in intervals as I go through more experiences.
Astrome Technologies (www.astrome.co)
(An Indian Space Technology Company)
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