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Ronnie Screwvala on why upGrad is neither a startup nor an edtech

First Principles

CHAPTER

The Seven Year View of a Venture Capitalist

Venture capitalist life has to raise his own funds. So he's in that balance where, hey guys, make me look good so that I can go out and raise the next billion. And that's the nature of the venture capital return cycle. But we should not look at the fact that there are many people building businesses without necessarily the capability for that mantra or that rhetoric. They're out there. Can you tell us about your childhood? You said you came from a lower middle class background. What was it and how did it influence your entry into entrepreneurship?

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