My association with Bill Draper had me playing an advisory role to Draper International.By Naren Gupta
This is my most active involvement with Indian companies.
About 3-4 years ago, I saw a dramatic change taking place in the kind of entrepreneurs coming up in India. They started coming out with break-out ideas that went far beyond call centres and outsourced services. I believe that the success of companies such as Infosys changed mindsets, and made entrepreneurs aware of what could potentially be done out of India.By Naren Gupta
With so many VCs operating, only the smart ones will make money. The returns spectrum will be fairly large, and who knows, the average returns of all VCs in India could turn out to be negative.
Those who are knowledgeable about India are very gung-ho. But then again, there are others who think that the skills required to operate in India are entirely different, and they would rather operate, let's say, in China.