Sramana Mitra writes:
India needs Incubator Funds. 3-4-5 Partners with solid entrepreneurial experience, rolling up their sleeves, with strong ties to the valley, experience of the cultural nuances of the country, with strong understanding of product and strategic marketing, up-to-speed, current.
In some cases, these Partners would need to come up with ideas for new ventures, and recruit teams around them. Vinod Khosla used to do this at one time. This is not the job of analysts, bankers or professional fund managers.
LISTEN ALL YE VC GLITTERRATI WHO ARE ANNOUNCING BIG INDIA STRATEGIES : TAKE $25 MILLION FROM YOUR INDIA FUND, AND CREATE AN INCUBATOR WITH A GROUP OF EXPERIENCED ENTREPRENEURS, WHO CAN ACTUALLY MAKE A PIPELINE HAPPEN.