“Something is wrong in Venture Capital” at VentureWoods – India’s leading venture capital community
And is it a problem of too much money? Businesses, in India at least, seem to need either way too much or way too little. Power plants and energy projects are part of the former and they’ve got their place in the sun. But “way too little” has been common too – starting a company and growing it today requires a lot lesser capital than it ever has, and the micro levels of funding, with similarly micro levels of exits, seem to be non-existent. As an example in the US, take Wallstrip which was funded by Howard Lindzon for $500K, and was sold for $5 million in a year. Yes, this selling ecosystem needs to happen here, but is this kind of deal totally absent or have I just not heard of any?
I think this will be a very interesting space. Perhaps the reduction in available money, and reappearance of “risk” capital will make way for path-breaking VCs who’ll invest in places where you didn’t know there were places. Venture Capital to Adventure Capital, in a way.