Raghu You Wrote..

" In any case as Sridhar said, if it is just two small projects, then I dont think the time is ripe to start a full buisness as yet."

Tell me why not? If some one did two small projects why not he start beznes. In Bombay there are lot of illiterate persone who are making nice money and some of them are millionaire.
Take example of Dhiru Bhai Ambani of Reliance Industries, Reliance has a assets of more then Rs.65000/- crore. You know Dhiru Bhai was illiterate and he started a very small beznes of selling plastic sheets in Bombay.
Another example is of Shivaji Rao who is a owner of Dynalog Micro System, Bombay. He is from Arts line. Dont know ABC of ckt designing and microcontroller. But he ownes very big company in Bombay. Visit his company and you will surprise by seeing his empire.
So finaly I want to say it depends of persones hard work and proper palaning. As Sridhar told that he did some projects then why not he can start small beznes. Who knows may be Sridhar will be millionaire in future.

Bye