CRV a major VC firm in the US has an angel funding program. Read more here.
I am not sure what happens to the loan if the company does not manage to raise a Series “A” round.
To me it is great that more choices are emerging for entrepreneurs.
I continue working on a seed fund structure which will seek to help entrepreneurs in India convert ideas to “VC ready” companies.
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I dont think there is anything similar in India. The biggest concern here would be of authenticity of the entrepreneurs given the lack of maturity of the ecosystem. How do you identify the genuine one’s from the rest!
Does a similar program (or opportinuty) exist in India. I havnt heard of any yet but if anyone else has, please share it with the rest.
also a better write up here http://venturebeat.com/2006/11/01/charles-river-ventures-introduces-friendly-convertible-seed-round/
I saw this last night and was excited by its innovation. I think they have hit the nail on the head…its great from an entreupreuners perspective, not sure how the VCs will manage their own time (as the number of investee companies will rise substantially).