Ever Wondered Why...??

Ever wondered, why don’t we see a Facebook or Google or Netscape or Youtube kind of startups taking place in India? Even if something similar is there, it may not be as big as Facebook or Google. Bill Gates, the founder of Microsoft said, “Indians are the smartest people on earth.” This question has always intrigued me. So, why we can’t see an Indian coming up with a great start up venture. Is it our education the restriction? Is it because we don’t have Universities like Harvard and Stanford? Does a place where the business is started, makes a difference? But we have IITs and IIMs where some of the smartest people study.