That is where you are wrong. There is already fundamental work happening around vernacular linguistics, robotics (especially Grey Orange) and fintech.<p>People misunderstand how much technology needs to be built to be able to reconcile something like cash on delivery.<p>We are definitely far away from valley level innovation, but having people germinate the ecosystem with management styles and culture is extremely important.<p>What is fundamentally broken is somewhere else - the investor ecosystem. Indian investors are young, barely out of college and are professional MBAs without a lot of experience in a startup. It is very hard to explain the value of technical debt, innovation etc...when we can chase copycat business models without innovation. It&#x27;s been extremely hard finding bthe right culture fit in investors. Combine that with the fact that most entrepreneurs have not become billionaires in India...so you don&#x27;t have that savvy, experienced angel investors with deep pockets (the Paul Grahams or the Peter Thiels of India).<p>That is what needs fixing. China already has a couple of Jack Ma who are being the second wave of investors.