VC-Circle keeps an eye on all things VC in India. On early-stage funding too, and thats invaluable! Of course, early stage is a rather subjective term.
Ajay's day at IIM B yesterday was a bit of a damp squib. Yes he did get some intros done but we could have managed that with much lesser time invested into it.
Another story that emerged out of the day was that VCs accept they are looking at being growth engines - and expect early stage investors to kickstart ventures. Some VCs talk of $2 mill in revenues before they can come in! Obviously, for enough people to take their ideas to market, they need to see an active angel community backing at least a few horses. Thats probably the weaker (though not missing) link in the Indian ecosystem.
Ajay's day at IIM B yesterday was a bit of a damp squib. Yes he did get some intros done but we could have managed that with much lesser time invested into it.
Another story that emerged out of the day was that VCs accept they are looking at being growth engines - and expect early stage investors to kickstart ventures. Some VCs talk of $2 mill in revenues before they can come in! Obviously, for enough people to take their ideas to market, they need to see an active angel community backing at least a few horses. Thats probably the weaker (though not missing) link in the Indian ecosystem.
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