A friend sent me this link reminding me of my past life…the document details a meeting that happened almost 13 years ago – in far away Tokyo!
Incidentally that was just a year after I first “discovered” the internet…thanks to a dear friend, Rodrigo – at the time with the Ecudaorian Diplomatic Service – today running a very successful business in his home country…
How the world has changed…
I came across this post today by Mark Sherman of Battery Ventures …
“Shaadi meets Match.com”: Dating, Flirting, and Marrying between US VC firms and the Indian VC Market
It has some nice points (and data) about the state of VC activity in India today (albeit from a US perspective).
I particularly liked Mark Sherman’s “most important elements” for funding Indian entrepreneurs:
- A long term commitment to India with personnel (frequent trips or local presence), budget, and process.
- A global network of customer relationships and strategic partnerships, primarily coming from current and past portfolio company investments.
- A network of entrepreneurs who could act as domain or functional advisors to the company or potentially fill positions as the company scales.
- A network of LPs, banking relationships, and corporate development relationships to advise the company on private placements, IPOs, and M&A.
- A deep portfolio and numerous consultant and professional services relationships on which to draw best practices benchmarks and information around customer acquisition, sales, channel, traffic acquisition, marketing, development, engineering, supplier relationship management, manufacturing, etc.