Didn't hear the podcast but from what I gathered from the blog post it seems like they are talking about outsourcing in general. Most outsourced project aren't the most existing job you want to end up in.
As for not seeing any shrikwrapped software from India, the VC's in India are very different from here. You won't find a VC who would interested in funding something like Twitter in India that just doesn't happen. As for mediocre programmers that they have had to deal with I would say that is the case in most countries. India, US or China it is hard to find really good programmers.
As for not seeing any shrikwrapped software from India, the VC's in India are very different from here. You won't find a VC who would interested in funding something like Twitter in India that just doesn't happen. As for mediocre programmers that they have had to deal with I would say that is the case in most countries. India, US or China it is hard to find really good programmers.