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To give wings to new <a href="http://www.businessinsider.in/searchresult.cms?query=start-ups">start-ups</a> on the global platform, the Indian and other Asian markets must introduce ‘open-minded mentality’; a platform where ideas can be shared and accomplished, says <keyword id="3043383" type="UNKNOWN" weightage="20" keywordseo="Prashant-Parekh">Prashant Parekh</keyword>, the Indian-origin CEO of a US-based company <keyword id="3043382" type="UNKNOWN" weightage="20" keywordseo="Spinta-Global-Accelerator">Spinta Global Accelerator</keyword>. 
 
Citing <a href="http://www.businessinsider.in/searchresult.cms?query=Silicon+Valley">Silicon Valley</a> as an example, he said, “There is a certain open-minded mentality among the people in <keyword id="6357722" type="COMPANY" weightage="20" keywordseo="silicon-valley">Silicon Valley</keyword>.” 
 
Parekh’s firm, Spinta Global Accelerator, is already taking steps in the direction to bring across innovation and investments from Silicon Valley to the Asian Markets. The firm develops ideas and concepts for start-ups and develops new technologies based on the market trends. 
 
Parekh, who organised a road-show to promote Spinta said, "Everybody wants to emulate and aspire to be Silicon Valley, which is a Mecca for start-ups. Most of the innovations happen in Silicon Valley and they make it big because it is a state of mind. But in South East Asia, people are very protective of their ideas. They would not do anything unless a non-disclosure agreement is signed." 
 
He also urged Asian technology start-ups to be "open-minded" and share their ideas. What more, he asked them to collaborate for the product development for global business models which are shifting rapidly. 
 
Spinta has the capacity to help start-ups from the early stage and reduce the risk of failing, Parekh said. 
 
"The experience that Silicon Valley has - they have been creating innovation for years now. The maturity the people have and the learning experience from failure over the years. That is what we want to bring out to India and Singapore as well as other places. 
 
We know that 95% of the start-ups fail. And that is why they need help. There is a lot of help needed as they don't have enough resources for research work and the right kind of matured mentors," said Parekh. 
 
Spinta, through its Indian team under KloudData, has expertise in mobility, analytics and cloud among others. 
 
"There is no better time for <a href="http://www.businessinsider.in/searchresult.cms?query=entrepreneurs+">entrepreneurs </a>to start a company than now. Innovation is mother of everything and with innovation countries could do very well," he said. 
 
Image: thinkstock

Indian start-ups need an ‘open-minded mentality’: Spinta CEO

<ul><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival</a> is one of the world's most prestigious events which will be live from Oct 19-23.</li><li>While nobel laureates, some of the biggest political and corporate icons will provide thought leadership, it's a great platform to network with CXOs from around the world.</li><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival 2020</a> is presented by <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://aws.amazon.com/" data-type="tilCustomLink">AWS</a>.</li><li>Get your tickets now from <a href="https://in.bookmyshow.com/events/business-insider-global-trends-festival/ET00137578" data-type="tilCustomLink">BookMyShow</a>.</li></ul> When online developer community Stack Overflow brought on its new CEO, Prashanth Chandrasekar, on board in November last year he had no plans of raising fresh funds for the company before 2021. As coronavirus brought on dramatic changes across the globe, Stack Overflow had to review its plan. Stack Overflow’s public question and answer platform, also has job listings for developers looking for new projects. Developers can use it to re-skill themselves, find out what programming languages are in demand and network with other developers to up their game. “India is a big user base for us and it’s untapped in the context of our Team’s product. Almost entirely India’s association today is with the largest number of users,” <a href="https://www.businessinsider.in/business/startups/news/stack-overflow-is-using-its-85-million-to-boost-teams-and-it-wants-to-use-it-to-crack-the-india-market/articleshow/77972020.cms"></a><a href="https://www.businessinsider.in/business/startups/news/stack-overflow-is-using-its-85-million-to-boost-teams-and-it-wants-to-use-it-to-crack-the-india-market/articleshow/77972020.cms" data-type="tilCustomLink">Prashanth Chandrasekar told Business Insider in an exclusive interview</a>. He believes India will be “huge powerhouse for software development for companies in the west.” Be a part of Business Insider’s <a href="http://trendsfestival.in/" data-type="tilCustomLink">Global Trends Festival</a> scheduled for October 19 to October 23 this year to get more insights into Chandrasekar’s vision on how technology can accelerate India’s development and employment. In July 2020, at the peak of the pandemic, the company raised $85 million and brought on two new investors, Silver Lake Waterman. and GIC — with the latter leading the Series E round of investment. The fresh funds will almost entirely be focused on boosting Stack Overflow for Teams, Chandrasekar revealed.. As the monthly sign ups on its public platform and Teams product jumped from 150,000 on average in 2019 to 260,000 in April — staying well above 200,000 in the months that followed — investors pinged, and Stack Overflow answered. The public platform is free for use but Stack Overflow for Teams is a paid product. It’s a knowledge management software for developers to ask questions and find answers⁠— the key to Chandrasekar’s strategy to rapidly transform Stack Overflow into a software-as-a-Service (SaaS) company. SEE ALSO: <a href="https://www.businessinsider.in/business/news/deepak-parekh-chairman-hdfc-a-legend-from-indias-financial-capital-at-global-trends-festival-2020/articleshow/78012923.cms" data-type="tilCustomLink">Deepak Parekh, a legend from India’s financial capital, must be on your watchlist at Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/business/news/meet-vani-kola-managing-director-kalaari-capital-the-unicorn-hunter-at-global-trends-festival-2020/articleshow/77999658.cms" data-type="tilCustomLink">Meet Vani Kola, the unicorn hunter, at Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/business/news/india-has-its-eyes-and-hopes-pinned-on-adar-poonawalla-the-worlds-biggest-vaccine-maker-who-will-be-at-gtf-2020/articleshow/77977949.cms" data-type="tilCustomLink">India has its eyes and hopes pinned on Adar Poonawalla⁠⁠— the world’s biggest vaccine maker who will be speaking at the Global Trends Festival 2020</a>

Prashant Chandrasekar who went from Bengaluru to become the CEO of Stack Overflow will be at Global Trends Festival 2020

<ul><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival</a> is one of the world's most prestigious events which will be live from Oct 19-23.</li><li>While nobel laureates, some of the biggest political and corporate icons will provide thought leadership, it's a great platform to network with CXOs from around the world.</li><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival 2020</a> is presented by <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://aws.amazon.com/" data-type="tilCustomLink">AWS</a>.</li><li>Get your tickets now from <a href="https://in.bookmyshow.com/events/business-insider-global-trends-festival/ET00137578" data-type="tilCustomLink">BookMyShow</a>.</li></ul> Asia is not just the centre of the pandemic, it also has the potential to be the epicentre of the recovery that follows. Therefore, there is a need for a platform for thought leadership and Business Insider is providing just that. And that is exactly what Business Insider’s Global Trends Festival (GTF) is. One of the most high-profile international stages, GTF has gone virtual for the first time. "Long before 2020, ideas from the West have recognized that for their missions to be genuinely global they needed to have special resonance in Asia and the East. I'm delighted to have seen Business Insider lean into India and beyond for years and am proud of the role we at Times Bridge have played in helping them inform and engage new audiences," said Rishi Jaitly, the CEO of Times Bridge (Business Insider’s partner in India). The event which will be held between October 19-23 will host eminent speakers like Reed Hastings, the CEO of Netflix; Nobel laureate Nouriel Roubini, Professor at Stern School of Business; Sebastian Thrun, the CEO and Founder of Udacity and the Founder of Google X; and many more. <div type="image" title="Trends themes" msid="77978371" hostid="261"></div> The Asia stage of the event, too, boasts of a sparkling lineup of guests with an eclectic mix of experts like pharma billionaires, top bankers and startup founders. Arguably, one of the most important personalities in India right now, Adar Poonawalla, the CEO of Serum Institute of India will be speaking at the GTF. His company is working on a Covid-19 vaccine, which is currently in the human trials phase. An icon in Indian financial markets, Deepak Parekh, the chairman of HDFC, one of India’s oldest housing finance companies, will also be there sharing his experiences from past disruptions. Vani Kola, the charismatic investor behind some of India’s biggest unicorns and Prashant Chandrasekhar, the inspiring Bengaluru boy who went on to become the CEO of an American company, Stack Overflow are also among those to watch out for. The names of many more iconic leaders from India will be revealed in the days to come. “Trends Festival is unlike any other virtual event for the sheer size, scale and reach. While the speakers will offer insights and inspiration, there will be many CXOs who are decision makers in their own right. GTF will allow you to network with the best in business, halfway across the world, from the comfort of your home. We are putting together the platform for those who believe in seizing the opportunity,” said Sriram Iyer, Editor of Business Insider India. SEE ALSO: <a href="https://www.businessinsider.in/business/news/largest-global-event-in-2020-trends-festival/articleshow/77461047.cms">Business Insider's Global Trends Festival is coming to India — and it's gonna be huge!</a> <a href="https://www.businessinsider.in/international/news/reed-hastings-to-speak-at-the-business-insider-global-trends-festival/articleshow/77550576.cms">Reed Hastings to speak at the Business Insider Global Trends Festival</a> <a href="https://www.businessinsider.in/international/news/nouriel-roubini-to-speak-at-the-business-insider-global-trends-festival/articleshow/77721282.cms">Nouriel Roubini to speak at the Business Insider Global Trends Festival</a> <a href="https://www.businessinsider.in/international/news/ozy-ceo-and-cofounder-carlos-watson-to-speak-at-the-business-insider-global-trends-festival/articleshow/77916562.cms">Ozy CEO and cofounder Carlos Watson to speak at the Business Insider Global Trends Festival</a>

The leadership from Asia, and India in particular, will be at the heart of Global Trends Festival 2020

You Searched For "Prashant Parekh" and got 3 results

Indian start-ups need an ‘open-minded mentality’: Spinta CEO

BI India Bureau

Prashant Chandrasekar who went from Bengaluru to become the CEO of Stack Overflow will be at Global Trends Festival 2020

BI India Bureau

The leadership from Asia, and India in particular, will be at the heart of Global Trends Festival 2020

BI India Bureau

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