On Thu, Mar 3, 2011 at 11:32 PM, Karthik Narayanaswami <[email protected]>wrote:
> > > > I agree there are remarkable exceptions. > > But this cannot be generalized. > > Adobe's founders were 40+ when they started out. > > > > One or two would have been remarkable exceptions -- more than half a dozen > in just the Forbes 25? Not so much. > Again, like the prev mail, the context in which I quoted was in response to a post which claimed only young inexperienced people can run startups and end up with unadulterated brilliant ideas. > > Unless you had a product idea which is simply out of the world, it is > > unlikely that VCs will fund inexperienced and/or immature individuals. > > > > Don't get me wrong -- I am not discounting the value of experience. > However, it is less important than most people would have you believe. VCs > would much rather that you have a great idea than you have oodles of > experience. They could care less about your experience, as long as you can > show revenue. > Point well taken... But- The fact is that they will evaluate your abilities to show revenues. Showing revenues is not only about a great idea. A business has to be built with it. And generally, the experience will come from the VC's side if you dont have it (read share). On the same topic, nothing related to the original post. Just a note - I attended a seminar conducted by Hindustan Chamber of Commerce 2 months back on Venture funding. Quick fact : VC funding in India - No. 1 sector : Financial services No. 2 sector : Core industry No. 3.sector : IT and IT enabled services (less than 20%) Investment phase : More than 70% of investment by VCs were made in the secondary grown phase. Extremely small percentage was made into startups. VC funding in India is very very different from the VC funding in mature economies. I was pretty surprised by the facts and figures shown during the seminar. Arun > > Best, > K. > > -- > Karthik Narayanaswami > Email: [email protected] > Web: http://www.metlin.org > _______________________________________________ > ILUGC Mailing List: > http://www.ae.iitm.ac.in/mailman/listinfo/ilugc > -- Arun Venkataswamy http://arun289.wordpress.com _______________________________________________ ILUGC Mailing List: http://www.ae.iitm.ac.in/mailman/listinfo/ilugc
