I’m mostly a spectator investor since last 8 months, with less than two personal deals post Morpheus. Writing this as someone who knows a thing or two about investing in India.
Only 15? That’s how reacted when I saw Pluggd.in’s list of the most promising consumer Internet startups out of India. Why not 50 to watch? or even 25! India has plenty of raw talent, desire to not fail and kick-butts. What’s lacking is a light which shows them that entrepreneurship is yet another career option.
A quick analysis of VCCircle puts the count of angel deals this year to less than twenty-five. Let’s double the number to account for un-announced deals, that brings this to fifty. Freaking 50. That’s it. I’m sure Indian Angel Network alone has more than 100 members!
That’s my wish to Santa for India’s tech venture entrepreneur ecosystem–We need more angels who are ballsy and do ballsy deals. Another wish, we need more investors who really are worthy of being called angels. For me an angel is someone who does a) at least 5-6 deals every year or at least $100K in investments and b) Leads at least 25% of his investments. Hopefully, Indian angels who interacted with Geeks On a Plane travellers, follow up on their word and start closing. Rest are investors looking to double/triple the money in 18 months.
Merry Christmas.
Tags: entrepreneurship, goap, India