I was speaking to a successful entrepreneur and angel investor yesterday about the evolving angel investment climate in India. He voiced a concern that seems to strike a chord – that while many successful entrepreneurs in India are involving themselves in angel funding, and even setting up early stage funds, there is a tendency to “rise above” building companies and a resistance to acting as a peer to budding entrepreneurs. Many successful entrepreneurs seem to graduate over, and consider it below themselves to roll up their sleeves with a rookie. Conference speeches take over garage whiteboarding.
In his view, this is a key gap in Indian angel ecosystem (to the extent it exists) and I agree. Perhaps too much of a class systems amongst entrepreneurs? Whats your view? How can we get the right mentors active in guiding new companies?