By Ashish Mittal
With the year 2016 drawing to a close, it is time to pick up some key trends that will shape how next year may look like. Sentiment in the startup space is bullish, but not unnecessarily euphoric. With that in mind, some broad themes that one can expect to play out next year:
Valuation is not the name of the game
It became clear somewhere towards the end of 2015, that the valuation game had to end. Lofty valuations and raising $1 million in seed rounds, which had become normal mid-2015, gave way to rational thinking. In 2016, the emphasis has been on business metrics like revenue and profitability. In fact, 2017 will be the year when startups had to raise money at a more realistic valuation, driving home the fact that this year’s euphoria and hype is not sustainable.
Going digital is not a choice
When the fixed telephone line or what we call as the landline first made its presence in India, having a telephone connection was considered a luxury. There was a 10 year waiting period to get a connection and the service was appalling. With the telecom sector opening up, the mobile revolution swept through India and we bypassed landline connection to embrace cellular connections. Mobile opened our world to new innovations and products and now the phone is an integral part of our life.
For more visit:http://economictimes.indiatimes.com/small-biz/startups/view-5-startup-trends-to-watchout-for-in-2017/articleshow/56098792.cms