What's the silicon valley?
Its a collection of successful startups, lots of new startups, companies servicing these startups, employees who keep joining these startups, and last but not the least, startups that close down, only to bounce back even stronger.
Failure there is not a social taboo. It still is a bog black spot in India. If your company shuts down, you get rejected by Indian society. You will not have friends, you cannot get married, you cannot get employed and most probably your parents and brothers and sisters will not talk to you.
This has to change in India. We need to bring in this change. Change the whole society. Educate them about the benefits of Entrepreneurship, startup and the fact that its the fastest way to create value.
Show me one person, who has learned to walk without falling. So if an entrepreneur fails in his first attempt, why such a ruckus. We should actually encourage him, to get up and try again.
And then the silicon valley ecosystem will be in India. And that will happen sooner than later.