Results of VentureWoods 2008 India Venture Polls are out!
Interesting findings:
- Activity is predicted to shift to areas that have been a “wait and watch” last year – mobile data services, ecommerce, online education, local language etc. It will be interesting to see if these remain at that stage or finally mature. A lot of the bet is perhaps on rapidly increasing penetration of internet (web and mobile).
- Areas already attracting investments like social networking, online travel and ad networks are way lower – in my view, areas that should not be ignored because these areas should start offering visibility of substantial markets, and hence the possibly to offer innovative solutions.
- Most people believe venture capital will remain on a roll. The hope is that “genuine” innovation will start getting attention. IMHO, concept arbitrage itself has plenty to innovate around, and I personally wouldn’t be stuck on this one.
What do you see in the crystal ball?
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Good poll. Congrats. Should have picked it up for our Tuesday page. Linking to blog.
Alok, agreed that concept arbitrage has good opportunity, but it would be disappointing if VCs in India give genuine innovation a miss.
The chart however shows only 5% in Enterprise Technology. When I think of that, I couldn’t find suitable reasons for that. Is it that we do not have bandwidth(time & money & headcount) for innovation in enterprise technologies?
Very interesting results. The first chart reflects the optimism of the ecosystem on consumer centric applications. Truly there is still an untapped market out there.
I think the three areas, Mobile Data Services, E/MCommerce and Digitial entertainment will be more far reaching than they seem to be. These already comprise of a significant 35% of the pie but we should remember that these are enabling technologies for a host of other application services mentioned in teh chart. Creating versatile platforms in these areas (eg B2B)could enable compelling B2C applications in allied areas.
What I would also expect is a ‘glocal’ emphasis within the ecosystem where start ups may initiate locally but rapidly cross barriers of going global to achieve critical mass.
And also, this poll’s been referenced in an Economic Times article:
http://economictimes.indiatimes.com/VC_funding_set_to_be_billion_dollar_baby_in_2008/articleshow/2677969.cms
(or, http://tinyurl.com/2knw2k)
Great going! Congratulations to Alok and all contributors.