There has been a lot of activity and news about global venture funds targeting the Indian market. However, commitment through direct presence has been elusive by some of the largest funds.
The silicon valley venture ecosystem is very well developed, and over years there have been thousands of learnings that are engrained in minds of venture capital community. By not getting direct participation of that community, I think India is losing out that knowledge and experience. I think some successful valley venture firms setting up direct India presence and committing time of their partners to India (beyond keynote speeches) will go a long way in lending maturity to the Indian ecosystem.
No issues with getting the moolah in, though 🙂
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On a different thread….
How many ideas do you think that are genuinely floating in India and how many of then actually get an opportunity to meet with a VC. I can assure you many more than one can think about our put on a paper.
Unless VC’s come up with a plan to be far more approachable and planning to invest time “ as Alok eloquently said” I feel that there will be a lot of great ideas and people who will never see the light of a new venture thanks to the VC’s and VC’s in turn can keep their bags full of money trying to fund the best or the worst.
VC’s need to make sure they go out in the market and set themselves up for interaction. It is still time for the first “S” curve which needs to flourish and the growth fueled by volume over Value…which I guess is the next logical “S” curve.
What do you think you would do differently to make sure all possible ideas come to your table… maybe advertise … why not if you want to be heard and also compete with others… Alok?
I think the original point made in this discussion thread remains undisputed….atleast going by the number of strong views in support of the argument that new entrants into India’s VC space are ignoring the ecosystem and are not focusing on true start-ups
Speaking from the experience of someone who has knocked on the doors of atleast one of the VC’s described in Alok’s post as an early stage investor, I do not think India have made much headway in start-up funding …my view. I may be wrong