If you are a hacker and a student in India and you are interested in doing a startup, you have a golden opportunity in your hands. The Google Summer of Code (GSoC) program offers $5000 for a 4 month project you do for one of the participating open source projects. You get a mentor, hands on experience of implementing something which will potentially be used by real users and also get to be a part of an ever growing community of hackers in India. Now let us say, you were able to get into the program. So you have access to: Money At today's conversion rate, $5000 translates to Rs.2,22,000/- approximately. After paying taxes (which comes at max to about Rs.6500/- assuming male and no other income), you are left with 2,15,000 in your hands. For a college student, 4 months expenses can be as low as Rs.10,000 when living on campus. But let us keep it at Rs.25,000/- assuming you really decided to live it up. Still there are ~Rs.1,90,000 in your account. Excellent Pool of Co-founders...