Kochi: How to deal with a venture capital fund is a question that nags many a startup. The panel discussion on ‘venture capital for entrepreneurs’ helped clear the air to a large extend.
The panelists said entrepreneurs must insist on a document that protected their interests and defined the terms with the funding agencies.
They also pointed out that VC funds bring not only funds but add value to the venture by bringing in the experience of the partners and their networks.
They also help raise the next round of capital, they pointed out. Mr. Arvind Mathur, president, Indian Private Equity and Venture Capital Association presented the story of Redbus.in as a case study on venture capital from the financiers perspective.
A panel discussion on accelerators and incubators focused on what accelerators and Incubators look for before admitting startups. It also brought to light the various facilities that they provide the startups, helping them to succeed.
Mr Sharad Sharma, CEO of BrandSigma Inc and one of the active technology angel investors in India and Mohit Saxena, technology founder of InMobi, a global mobile advertising leader spoke on the process of innovation that lies at the core of entrepreneurship.
They wanted the young entrepreneurs to come up with solutions to unique problems rather than copying ideas from elsewhere. They reminded the audience that the most important innovation often comes in the form of simple ideas.
