Nitin Gupta’s dotcom learnings

Dotcoms continue to hit the headlines. And, of late, for all the good reasons.

Nitin Gupta, Country Manager (South Asia), Mastercard International, was among the five Indian technology boom poster boys who recalled their dotcom days in The Economic Times.

Gupta lists four key learnings from the dotcoms days:

Speed is the killer app: Being first to market is more important than having a perfect product.

Talent is the only scare resource: In the Internet economy, there was no shortage of capital – building a strong management team was the real challenge.

Big companies need to think small: Entrepreneurial spirit and dynamism are coming back into ‘old economy’ companies.

Owners are the best managers: ESOPs create widespread feeling of ownership, and align personal and business goals beautifully.