Report on risk capital in India by Rafiq Dossani and Asawari Desai.
Bunch of regulatory recommendations, but again goes on to stress that more operational people need to move in the VC business.
Latest posts by Alok Mittal (see all)
- Promoters or Entrepreneurs – A choice for Private Equity players - August 3, 2019
- Startup Marathon Mindset - March 25, 2019
- What’s your Customer Culture? - March 4, 2019
0
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
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
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…
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.