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10 Responses to “Study on risk capital in India”

1. 1 lana Jun 20th, 2006 at 2:42 pm

   Hi i am doing a story on startups by IIM guys. Can anyone please help m with names or numbers of 2000-04 IIM L batch people who ventured on their own.

2. 2 rajAT Jun 20th, 2006 at 4:40 pm

   I just provide some of the supporting evidence to the points mentioned in the study from my own experiences.

   You can read it here

   http://rajatgupta.wordpress.com/2006/06/20/risk-capital-in-india/

3. 3 siddartha Jun 20th, 2006 at 5:10 pm

   alok — that comment of yours sounds rather enticing…how do people like us having spent their careers in IT operations get in to PE?VC?

4. 4 Alok Mittal Jun 21st, 2006 at 8:35 am

   Siddartha, VC business is all about having a proprietary deal flow, personal networking, and driving closures Figure out how that works for finding a job…

5. 5 Krish Jun 21st, 2006 at 9:04 pm

   Rajat, I read your follow on article linked to your comment of June 20 above.

   While I agree with some of your rants, you must also understand that PE / VC ecosystem is in its nascent stage in India. Over time, our VCs ( most of them wet-behind-the-ear wannabes ) shall also develop the fine art of sensing a good opportunity early on based on pure fundamentals and not on flavour-of-the-month. Till then, allow them the privilege of making a few ( hopefully not very costly ) mistakes. They are very much on cue as witnessed during the recent market meltdown - all their investments in B-grade brokerages and C-grade Travel Portals bared their inadequacies and inexperience. I am not sure whether they have covered themselves in the term sheet with disguised Ratchets as the investments have been in lumpsum drawdowns ( Courtesy - half baked lawyers having little knowledge of how PE / VC business operates ). At least, our brokers are laughing their way to the Bank…!

   A few knocks like that and they’ll get more grounded. But today, they are mighty invincible…or so they think…!!!

6. 6 rajAT Jun 23rd, 2006 at 12:02 pm

   Krish - I agree with you. I think Alok can throw more light on it :).

   Btw Bala from http://labsji.wordpress.com has left an interesting comment on my blog for the above post saying that

   In the IIT and the like, the internal politics is too intimidating for entrepreneurs.

   The full comment be read here —

   http://rajatgupta.wordpress.com/2006/06/20/risk-capital-in-india/#71

   Can anyone throw light on this or validate it.

   If premiere institutes are having an ecosystem where politics is detterring entrepreneurs than only god can help india.

7. 7 Alok Mittal Jun 23rd, 2006 at 6:52 pm

   on politics in premier institutes affecting entrepreneurship, didn’t quite understand that comment… if someone can elaborate, I might be able to comment.

   on a friday evening after being down with fever for two days, I can still recollect about 10 people in a batch of 38 (computer science 1994 iitd) who have started their own business (including one who ranks in world’s 10 richest people now) and several others who were early employees in startups… the only millionaires I know of from that group are these people… so I would imagine iits create quite a few entrepreneurs…

8. 8 Krish Jun 24th, 2006 at 3:23 pm

   Rajat,

   I don’t know for sure whether Politics have crept into IIT incubators. But what I can swear by is Politics is all pervasive. Wherever there’s money, Politics follow. Can any institution be insular for ever…?

   Look at BCCI. Between 1950 - 1983, no one knew who ran BCCI. All we were concerned was the performance of the team led by Lala Amarnath, Vinoo Mankad, Pankaj roy……MAK Pataudi, Ajit Wadekar, the Spin quartet, Sunny Gavaskar, Vishwanath etc. We won the 1983 world cup and a series of other ODI’s ( with big prize money and Audi Cars ), the media blitzkrieg that ensued paved the way for a new ( Ad / telecast rights ) revenue line for BCCI and its Officials marginalising gate collections.

   Enter Jagmohan Dalmia, rest is history. Then came Sharad Pawar, Arun Jaitley and half of parliament is rearing to get in. Why Lalu Yadav is Bihar Cricket Association’s chief and West Bengal CM decides who will head Cricket Association of Bengal.

   Alok says IITs breed millionaires. Will Politics be far behind….? I don’t know just yet. Taking time off to whisper a silent prayer.

   Krish

9. 9 manju Aug 3rd, 2007 at 5:37 pm

   hi Alok,

   i am from hyderabad and have been working on my startup with fine art… can u help me with the presentation of business proposal. i have emailed to canaan partners but no reply…

   manju

1. 10 Dream On ! Trackback on Jun 20th, 2006 at 4:25 pm

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