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Given what you’ve just described, what advice you would give to entrepreneurs currently building global businesses?
KOTAK: First, digital has transformed the world into a marketplace, so when you think about a product, focus on the viability of the idea without worrying about scale. Second, be ready to fail. Very few entrepreneurs actually make it, but the value of the experience is significant. I would hire an entrepreneur who has tried and failed, as he or she now has knowledge of that reality. Most important, you must have purpose and you must have passion, and it doesn’t matter who or where you are.