Remember those objective question papers and the myriad of techniques to
get through without reading anything? One student seems to have
stumbled on the truth of one of those techniques. ;-)
http://www.collegehumor.com/article:1730017
image snipped, but it is a scan of an answer sheet that
I've noticed this for a while ... But does this group have more to add to
identify the reasons behind this lack of funding newbie's other than the
usual catch-22 I'll fund you if you already made money on your last
venture ?
- Vinit
--
Vinit:
My sense is that it is going to be a while before you see California kind of
funding of new companies. Folks out in California, read Silicon Valley, are
willing to take a bet on unproven teams with a great idea, but that is not the
case with India. In India,
In India VCs
Most of the money that is coming into India is Prive
Equity-related, who typically invest in very late-stage or
public companies. So, I guess it is a bit of an error to say
billions of VC money is pouring in...I suspect a good chunk
of change is PE-money. But, that does not preclude the
Vinit Bhansali wrote: [ on 06:31 AM 5/15/2007 ]
After all ... Many of the variables are similar .. It's not like different
issues/services/technologies are being used in different markets. Same GSM,
same J2ME, same .Net, same AJAX, same e-commerce. What is definitely
different is the value of
Vinit Bhansali wrote [at 07:51 AM 5/15/2007] :
The primary reason is that, ironically enough VC firms are flush with
funds. Let me explain this with an example: A VC firm raises a fund.
It tries to raise, say, $100 million, but in today's environment, is
more likely to end up with more than
