I have seen many a time, people like this loser, who don’t have balls/guts to identify himself throwing abuses at others.

We are one of the companies who have been funded by Vishal Gondal’s fund. I can just laugh at you and feel pity for you at the same time.

I also heard that he has very little ‘funds’

dont waste your time guys!!!!

I do agree that the article is childish but Don’t Children speak the truth??

@Ram Ojas is certainly a good example of a good VC fund

@Amit you make a very intelligent point and I call these startups “X-Startup” where Indian and teams from Isreal, AU, NZ, russia etc work together

@Rajesh which fluffy idea are you talking about? it will be great if you can elaborate

@guru @pavan thanks for the support

@kasi I do own a gun!

I am also seeing a lot of IBCAs – Indian born confused americans making the trek back to the home market. Folks who came out west 15-20 odd years ago and now want to participate in the (seemingly) bubbling Indian market.

My view is to flip the model Vishal highlighted – i.e. a “1 man” office in the US instead of India. Have majority of operations and decision making in India. Pull from the US for technology, product, etc but only local experience can make a business succeed in India.

And fund extremely carefully – this lesson actually comes from the US. Too much money can lead to too much waste in the wrong places. Indian start-ups are perfect candidates for low burn.

Isnt that a copycat thing to do? The +ve way to look at things is that many of these ABCDs have taken some risks and invested in companies..but most of the desi investors have invested in real estate!
So where do tech cos. go?

a dream which may become true for startups starting in 2015!

May god give them a sense of their own and ability to do their Karma (take risk and fund innovation) and not worry about the outcome. Thats the only way to make returns now.

If people only learn the hard way, this recession is the right time to learn and change the investment approach.

When looking at some of the investment that went in mobile VAS, Social networking and travel start-ups…no wonder this post deserves a special
mention.

Finishing line was marvelous ” My request to them is to keep away from Indian Start-ups, and invest in listed companies we want the stock market to touch 25k soon”… HA HA HA HA what a way to kick some ass.

Very good article vishal.Great punchline “its their way of giving it back to their motherland!”. the mailbox pic is apt aswell.:)

I completely agree with observation of the copycat mindset some show in community.just because some socialnetwork/sms texting concept is hot in US,most people back in India try and jump into ship.

I think the basic point missed by these people is,we as a country have to catchup around 50-100 yrs of progress comparing to these western world.

The attempt should not be to catchup bypassing basic needs and trying to stay in rythm with current affairs ,but in trying to finish the basics at a greater pace.

Right now services needed in India are around Education and infrastructure to reach masses in rural not just major cities.Not some service which delivers a stupid message on a mobile saying ” I just chased a frog out of my home…” (one classic twitter message ended up on my blog roll this week)

last note,there are some typo’s in the article.

However, I most agree with the following comment.

But the story still doesn’t end… as none of the investors have really made money.. the saddest part is what the ABCDs report back to HQ. India doesn’t really have a good start-up eco-system and most company are just a bunch of copycat start-ups, the founders are very immature and cant take positively to professional management and the internet as a business has not matured in India due to lack of infrastructure and small advertising market and high revenue shares taken by mobile operators. Final recommendation is the fund should invest in bigger deals with matured companies….. deal size $5m to $20m and that’s the only way the US VCs can make money in India.

I personally believe in a totally different eco system for countries with humongous populations like India. If there is a centralized system that we always refer to in India, the country will continue its trend of “rich getting richer, and poor getting poorer.” We really need to trash the existing concept of capitalism, and rely on the concept of entrepreneurship. India can and should have multiple vendors catering to locales. Consolidation can happen at a later stage. And more importantly, we definitely need companies solving real world problems of Indians. And I sincerely hope these ABCD/not VCs have the galls to fund such ventures.