The main problem was that although everyone was very excited, to the point of telling me that I'd be crazy not to enter this space (double-meaning intended) in India right now, they also told me to be ready to rip my hair out and scream, not because the startup ecosystem isn't ready for it, but because government regulations are opening things up VERY slowly. People were telling me that nothing will happen within 5 years, possibly 10, so it's a BIG time investment and effort to tussle with government.
I'm still really excited at the ideas I have, because I think they can promote commercial and social use of satellite technology in India to tackle a wide range of problems that my market research indicated are current and real.
[1] http://spaceupindia.org/?page_id=115 [2] http://dhruvaspace.com/