Krishna has done a good interview to recap how Canaan is looking at India, over two years after we entered the market. I am not easily given to cross posting my own interview :), but this one was successful in bringing out some new elements:

  • No change is good news – over past couple of years, we have been able to (mostly, successfully) validate our assumptions and thesis for the Indian market. This has allowed us to move forward rather than sideways
  • A lot of activity we see is behind strong but incremental growth (as against discontinuous growth), and execution is at a premium (for new as well as existing concepts)
  • Krishna has brought out the emphasis on momentum well – very useful for entrepreneurs, especially ones who complain “last time you told me you might be interested if I got a 100K users” – it depends on what the growth trajectories look like
  • Krishna also thought most VC firms dont like to talk about their investment areas and theses – while I dont fully agree with it, we did end up discussing why Canaan does talk about it

Hope you find this interesting, and would love to get your thoughts,

Alok Mittal

Alok is a first generation entrepreneur, now in the venture capital business. Alok heads up venture operations for Canaan Partners in India, with focus on internet, technology and BPO space. Alok is also a founding member of Indian Angel Network - an organization comprising successful entrepreneurs looking to invest in seed stage businesses. Prior to this, Alok cofounded JobsAhead.com, a leading job portal which was acquired by Monster.com. Alok is an active charter member of TiE Delhi. Alok is a computer science graduate from IIT Delhi and, postgraduate from UC, Berkeley.

The views expressed on this site are personal views of Alok, and do not constitute an offical opinion of any company or organization.

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