Can you build a product company in Bangalore?

Riya.com's winding up of its Bangalore development center has created a lot of discussion online.

Now, there's going to be a interesting panel discussion on the same topic offline at the TiE Silicon Valley office on September 20.

The panel titled "Can you build Facebook in Bangalore?" will be moderated by Sandeep Sood of Monsoon Company and will feature Vaibhav Domkundwar of BetterLabs, Munjal Shah of Riya, Rashmi Sinha of Slideshare and Gary Swart of oDesk.

It’s a simple question.

You’re a CEO. An investor. A project manager. Maybe a developer.

In some capacity, you are building a remarkable software product or service. And you need a few good people. Or, maybe, a lot of good people.

Maybe you should use a global team. Thomas Friedman thinks it’s a good idea, right?

There’s a lot to think about. Just consider a few of the issues:
Location location location
Costs savings vs. migraine headaches
Making it work in a world of rapid iteration, quick launches, user participation, and many other web 2.0 buzz words
You sleep. They work. Reverse and repeat. Is that more efficient or less?
That bad taste in your mouth from the last time you tried it
Seeing your family at night (we’ve heard that’s a good thing)
Which brings us to the simple question:

Can you build Facebook in Bangalore?

We don’t know. But, we plan on talking about it for a few hours.

Come out and get the straight story. No sugar coating. No marketing pitch.

We’ll talk about the following:
Start-ups and global teams – outsourcing while small
Iterative development and the Web 2.0 model
Finding the right team
How to best manage offshore projects
When and what to outsource

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports.