Silicon Peaks

Pukar C. Hamal, Founder and CEO of SecurityPal, recently coined the term Silicon Peaks to capture the growing startup ecosystem of Nepal.

On his LinkedIn page, Pukar wrote that “The Himalayas have always been a source of inspiration for me. And given that 8 out of the worlds 14 highest mountains are located here including the highest (Mt. Everest) and the 3rd, 4th, 5th, 6th, 7th, 8th, and 9th(!) highest, it only felt natural to pay homage to the incredible Peaks we have here! And thus ?️*Silicon Peaks* ?️ was born!”

Silicon Peaks is here and will continue to grow! #SiliconPeaks

Exponential growth of Nepal’s tech industry

How can we help grow Nepal’s tech industry? To measure the growth of the tech industry, what are some benchmarks? Good to have some benchmarks to start out with:

Few quantifiable benchmarks can be:

Number of companies in the tech industry

Number of jobs created by the tech companies

Number of high skilled professionals in the tech industry

Number of diverse employees in the tech companies

Collective amount of taxes paid to the government by the tech industry

Few non quantifiable benchmarks can be:

Is it easier for someone starting out today to make it in Nepal’s tech industry?

Do individuals and teams have access to the tools, resources, mentorship, trainings to become successful in Nepal’s tech industry?

How can different tech companies intentionally help each other grow and navigate the dynamic tech landscape?

Are government policies and regulations helping the tech industry grow?

Transitioning from an employee to an employer

Entrepreneurship can be a beautiful journey.

Many individuals enter the workforce and work for several years before striking out on their own. Some individuals go straight into entrepreneurship before working for anyone else. There are several questions/scenarios that an aspiring entrepreneur(s) considers when deciding to stay in the current job (if working) to going completely in on their business opportunity/venture.

Few of the questions that can come up during this transition phase are:

Is this the right time to quit the job and focus completely on the business opportunity/venture?

Do I really need to quit my job to work on this business opportunity? Can I do both at the same time if I prioritized my time better?

What is the minimum monthly revenue I should be earning from my business before leaving my job to do the venture full-time?

How will I manage my daily/monthly/yearly expenses before the business really takes off?

When will I realistically get my first customer?

At what point will I actually make more money from doing entrepreneurship than when I was working for someone else?

There’s no exact science or art in when the best time is to launch a business. People launch businesses at all different times/seasons/economic cycles etc. Companies have started in recessions, economic growth cycles, pre-Covid era, during Covid era, post-Covid era. Here are some numbers around Small-Business Statistics. Note that 4.3 million new business applications were filed in 2020.

Reflections from running a startup

Once upon a time, I was very passionate about creating a better platform for writers of Nepalese origin. I pitched the idea at a Startup Weekend event, met my team members there and then eventually registered a company.

Reflecting on my startup journey, I can share some learnings.

-Move fast with your product/service idea. Develop the product or at least a Minimum Viable Product (MVP) before doing too much marketing.

-Seek help in areas that is not your domain expertise.

-Research and understand the challenges in the industry or the market you are entering.

-Understand the market size of your product/service.

-Collaborate where possible.

Entrepreneurship Opportunities and Challenges in Nepal

The upcoming Venture Talk will feature Saurabh Jyoti, Director of Jyoti Group and the Chairman of Syakar Trading Company and Syakar Investment Pvt. Ltd. He will talk on the topic of “Entrepreneurship Opportunities and Challenges in Nepal.”

Right time to start a business


It’s the best time to start a business in Nepal. There are “problems” everywhere so there are plenty of “opportunities” everywhere. Entrepreneurs thrive on problems.

The first movers are starting to reap the benefits. What are you waiting for?

Best time to start a business in Nepal


Starting a business (while working full time)

There’s no “right” time to start a business. It’s never too early or too late to start one. I believe what’s most important to consider is timing of launching the business.

When you’re working full time, you get to understand the challenges, problems and opportunities of working in a particular field/industry. Using that domain knowledge and skills you have acquired, you can work to build something on your own. Instead of quitting the job right away and working tirelessly on your venture, taking some calculated approaches can pay off big later on and minimize the time/cost/pain of  launching a business.

Launching a business is very exciting and it completely changes your life. Taking the initiative to start an enterprise is daunting, challenging and thrilling at the same time. Here are few tips based on my experience and from others I’ve learned from on how to start your venture while still working full time.

  1. In the beginning all you have is an idea. So do the research, collect data, talk to people/stakeholders, figure out how big is the problem you are solving, understand why no one has started the business you are about to or how many players are currently in the market. At this stage, your full time job will help you financially to start the ground work.
  2. Once you’ve identified the problem you’re trying to solve for others, think of the name of the company and get the domain name/social media handles and channels in that name. Once I was at a Startup Weekend Kathmandu event and the winner’s web domain was taken by a competitor as soon as they were announced the winners. At this stage, you don’t need to leave your job yet because the above things can be easily done in a few hours.
  3. Start putting up content and slowly work to build up your audience. You can tweet/post/write through the company handle so it won’t be noticed by your current employer. No need to mention that you’re the founder of the company yet. At this stage, your full time gig will be paying the bills that come along of initially setting up the business – domain/hosting/lawyer fees/company registration fees etc.
  4. If you’re going to be selling a service or a product, build it yourself or hire people to make a MVP. You should not quit a job without getting your idea first tested in the market.
  5. Once your product or service gets a bit of a traction, work to get paying customers and a steady revenue stream. Identify a business model that works and how you can scale it up. When the idea has gone from conception to execution and a product/service is out in the market, you will start to realize that the moment has come to devote full time on it. You will then have to approach your boss and explain to him/her why you will be moving on. Always important to maintain good relationship with your boss because they can offer your mentorship, support and help as needed. Then quit your job and devote 200% in your startup. It’s now or never. Nothing great has ever been achieved without taking some risks.

Starting a business is both extremely exciting and challenging. There’s no formula to predict the right time to launch a business. The timing of the idea is a crucial component of how successful the startup can be in the present/future. By taking calculated steps to launch the business as mentioned above, you will be in much better shape when you actually do.

As an entrepreneur, how did you decide it was the right time to launch the business? Do share.