Note: If any VC would like to respond to this, whether publically or anonymously, do get in touch with me at nikhil@medianama.com or +919810310053 (SMS) Where Venture Capitalists Are Failing In India - Sujai Karampuri, CEO of Sloka Telecom Much spleen vented at Venture Capitalists by Sujai Karampuri, CEO of Sloka Telecom at Headstart.in, being held in Bangalore: "Venture Capital refers to taking risks, fund ideas coming from people who don't have their own money, but are first or second generation entrepreneurs...and funding ideas that can disrupt, make things better through innovation and technology. If you look at the most VC investments in the last 2 years, they are staying away from technology companies, and funding Me-Too companies, replicas of Ebay, Netflix, Facebook, Amazon, Travelocity, Monster. It appears to have something to do with a safety factor. What happens to a technology company company? The usual reaction is "You Must Be Bluffing"? We have the worlds smallest and cheapest telecom base station. We've done this through technology, and yet for the last four years, we remain unfunded by Indian VCs. Excel sheets do not capture technology. They're the safety net. In five minutes or 10 minutes, I cannot explain the whole spectrum of the wireless industry to a VC, and then tell where I have the advantage. Tech entrepreneurs and VCs are different - Entrepreneurs have a higher risk appetite; they cannot remove all the risk. A company is limited by the vision of their leaders. What happens when you meet VCs who…
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