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.
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Rajat, I read your follow on article linked to your comment of June 20 above.
While I agree with some of your rants, you must also understand that PE / VC ecosystem is in its nascent stage in India. Over time, our VCs ( most of them wet-behind-the-ear wannabes ) shall also develop the fine art of sensing a good opportunity early on based on pure fundamentals and not on flavour-of-the-month. Till then, allow them the privilege of making a few ( hopefully not very costly ) mistakes. They are very much on cue as witnessed during the recent market meltdown – all their investments in B-grade brokerages and C-grade Travel Portals bared their inadequacies and inexperience. I am not sure whether they have covered themselves in the term sheet with disguised Ratchets as the investments have been in lumpsum drawdowns ( Courtesy – half baked lawyers having little knowledge of how PE / VC business operates ). At least, our brokers are laughing their way to the Bank…!
A few knocks like that and they’ll get more grounded. But today, they are mighty invincible…or so they think…!!!
Siddartha, VC business is all about having a proprietary deal flow, personal networking, and driving closures 🙂 Figure out how that works for finding a job…
alok — that comment of yours sounds rather enticing…how do people like us having spent their careers in IT operations get in to PE?VC?
I just provide some of the supporting evidence to the points mentioned in the study from my own experiences.
You can read it here
http://rajatgupta.wordpress.com/2006/06/20/risk-capital-in-india/
Hi i am doing a story on startups by IIM guys. Can anyone please help m with names or numbers of 2000-04 IIM L batch people who ventured on their own.