MTV Dropout Pvt Ltd is no way close to Shark Tank, says Raghu Ram, creator of Dropout ... The show created by Raghu and Rajiv Laxman, co-founders, Monozygotic, will identify and transform ‘dropouts’ into the ideal start-up team and kick-start their entrepreneurial journey.
When asked if the show is inspired by popular reality show Shark Tank, he says, “Shark Tank is about existing business set-ups but we are identifying participants who have entrepreneurial skills and offer them a chance to launch their start-up. Also, Shark Tank is a decade-old show.”
He adds that for the first time, a show has been launched for budding entrepreneurs. Shares he, “It revolves around the idea of entrepreneurship and will be all about gutsy young minds keen on achieving their dreams. Rajiv and I saw a lot of potential in the idea of the show and we sat down with the MTV team to discuss and finalise the concept. The two of us together have conceptualised, produced and hosted it as well. This is India’s first-of-its-kind startup reality show aimed at the youth and we hope to boost the confidence of a lot of youngsters out there as we already have a long-standing connection with the youth of India.”
For the launch of the show, Sandeep Aggarwal, CEO and founder of Droom.in, Anisha Singh, CEO and co-founder of Mydala.com and Alok Kejriwal, CEO and co-founder of Games2Win were present.
Raghu, who is himself a self-made man, says that no one identifies and grooms young talent in India. “Right now, we do not have a system that identifies and grooms young budding talent. We have no one to talk to or seek opinion from,” he adds.
Raghu says that as part of the training, the selected contestants will be going to companies where they will get trained in handling problems, learn survival tactics etc. “Then they will pitch their ideas to the companies and if selected, they get to launch their start-up.”
Both schools and parents are only interested in education and not the growth of the children in terms of enhancing their skills. “Our education system is a failure. So many kids kill themselves because they drop out of school and it’s a pet problem. We have such high unemployment percentage but we are not motivating them to be independent. These drop-outs need guidance so that they can do something on their own,” he says.
Ask him what it really takes to make it big, he replies, “It takes everything and more. Success is difficult and it should be that way. You should make an extra effort and identity your weaknesses and face them.” And which are the qualities that one requires to be an entrepreneur? “I think the ability to take risk, not fearing failure, networking and all these qualities put together, will help you succeed,” he says.
He adds that the only thing that stops young Indians from making it big independently is the fear of failure. “We are at par with the rest of the world. But we are scared to take risk because we keep wondering, ‘what if something goes wrong’? We have inherited self-doubt and lack of self-confidence from our elders. We have grown up like that. We are respected if we are engineers and doctors, but what about the rest?” he questions.