The seed capital ecosystem in India is a real bottleneck right now. There are no more than a couple of hundred seed investments
Sramana Mitra is the founder of One Million by One Million (1Mby1M), a global virtual accelerator that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
Even if you succeed in raising some capital, you have to worry about growth rates. Also, you need to keep an eye on profitability. If the growth rate is super high, you can count on venture capital. If not, better take what you've got, build a profitable company, and stop depending on outside capital.
08/12/2014 10:14 PM IST
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