Several Founders, Co-Founders, CXO Bankers, CXO Fintech professional & people who participated in the ePanel discussions:
- Mr. Ruchir Inamdar, Strategist, Jumper.ai
- Mr. Amit Lakhotia, Angel Investor, BharatPe
- Mr. Veerendra Mishra, CEO & Co-founder, ezeDox
- Mr. Ishan Vaish, India Partnership Manager- Worldwide Developer Relations, Apple
- Mr. Ruchit Jangid, Former Business Head, SOTC Travel Ltd
- Mr. Sandeep Todi, Co-Founder & CBO, Remitr
- Mr. Maneesh Mittal, Customer Care Associate, Chief Omnichannel and Digital, Shoppers Stop
- Mr.Taron Mohan, CEO & Promoter, NextGen Telesolutions Pvt Ltd
- Mr. Jayesh Shah, CEO, Prism Cybersoft Private Ltd
- Mr. Probir Roy, Co-founder, Paymate
- Mr. Jayesh Shah, CEO, Prism Cybersoft Private Ltd
- Mr. Shashank Kumar, Co-Founder at Razorpay
- Mr. Rana Sinha Ray, Head Technology, TimesofMoney
- Ms. Aishwarya Jaishankar, SVP – Digital Products & Platforms, HSBC
- Mr. Fareed Jawad, Vice President – Product development, Spreedly
- Mr. Muthu Krishnan, Associate VP – Merchant Acquisition, India Transact Services Ltd
- Mr. Neeraj Chandra, Head of Operations and Technology, Abu Dhabi Commercial Bank
- Mr. Shirsha Ghosh, Co-Founder Torit Innovations
- Mr. Sugata Ghosh, Associate Editor at The Economic Times, BCCL
- Mr. Vikram Kaushal, Managing Partner– Vardhan Ceqube India Investment fund
- Mr. Shreejith Menon, Senior Director, IDFC FIRST Bank
- Mr. Jaideep Pawar, Associate Director- Sales, Euronet Worldwide
- Mr. Vikas R Panditrao, Co-Founder, Forum of Industry and Academic Knowledge Sharing (FIAKS)
- Many other CEO/CXO Bankers & Fintech professionals on FIAKS Forum requested to remain anonymous
Jiomeet launch sparked off a debate amongst the intellectuals in the FIAKS community on what is the winning strategy? Copycat or Innovation? The member says “Well, check this out. JioMeet is here, perfect timing, perfect copy!”
Check this thread for a more detailed comparison https://twitter.com/shrinivassg/status/1278911557137649664?s=21
Guessing what’s the philosophy?
- If you see even color combinations and logo is similar. And what is a surprising fact- no IPR issue? Well, we never know whether already zoom was bought by Jio. Looks like the code must have been bought. Else such a big giant won’t make such a blunder. At least they should have changed the color and logo and designs of the screens which take hardly two hours. In the end, you can only keep on guessing!
- Here’s another guess- “the philosophy may have been that people are already used to this interface so let’s replicate and get off the ground rather than trying something different.” Well, well just wonder if everyone starts thinking the same – let’s just copy what works. Isn’t that a statement that kills innovation. It rightly is! JioMeet would have been far better than Zoom considering the fact that the Jio platform is leading the digital India story. Isn’t it?
FIAKS Community thought leader shared another update on “HOW BIG COMPANIES INNOVATE”;
Amazon met with startups about investing, then launched competing products– After Amazon Inc.’s venture-capital fund invested in DefinedCrowd Corp., it gained access to the technology startup’s finances and other confidential information. Later nearly after four years, an artificial intelligence product was launched by Amazon’s cloud-computing unit that does almost exactly what DefinedCrowd does, said DefinedCrowd founder and Chief Executive Daniela Braga. [1]
- Well, this isn’t really surprising! This happens regularly in the corporate world, especially with big companies.
- India should allow patents on software products. There is a lot of debate in the US about removing patents on software products because it hurts startups way more than corporates. A member states his personal experience, “Several years ago I had created the first telecom tower billing software. Had a good run with Global Tele etc. Then Reliance comes along and asked for a presentation. After the initial discussion, it was clear to me that they wanted ideas and not my product and then I politely declined to pitch.”
- Another member puts up, “I feel there is no idea premium, only execution premium, large corporates can copy an idea but the zeal and sweat and toil of an entrepreneur and how it translates into an obsessive product cannot be matched”. Corporate can’t do much by just taking ideas other than presenting internal meetings to showcase they have learned something good for the next appraisal. It’s all execution, team, and zeal which makes the difference in a successful startup.
- That is why people have started getting patents on ideas. Patents on ideas in pretty common in the US. In fact, a lot of patent filing grunt work is done for the US guys from India
- Google was not the first search engine and Yahoo was way big when Google was building up but did they care about the team and execution power?
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