The Rise of VCs in India

In India, the H&I's don't really go and invest in companies. So I think VCs came in so very early and they had to because there was no other stream of capital coming in or spurring entrepreneurship anyway. There was more community investing, caste investing, religion investing,. Sindhi's investing in themselves, Marwadi's investing in similar societies; Jaini's investing insimilar societies. And public utilities were so lucrative. Yeah, public utilities are so lucrative. That’s also true. We had a great time during the 99 to 2004 years. But these years were not that great. The real competition that they have today is from angels and from promoters