I read bemusedly this morning's news "flash" on Mrs. Sudha Murthy's Infy stock sale and announcement on it's intended deployment into Catamaran ventures.
I just hope that all the aspiring entrepreneurs (esp. in Bangalore / KA) etc do not think that these amounts of money is available for the "taking" ?
While I do know that there is a huge gap in the valuation expectation and actual reality when it comes to startup, am reminded of the time when Sabeer Bhatia made the millions on Hotmail. Almost overnight, I saw every Mani, Swamy and Shah walk around with a harebrained dot.com idea on their lips. Everyone seemed convinced that their idea was worth a few million at the very least........
I agree with the vast majority that in India, real "angel" and "seed" funding has been sparse, but, what it has also done is enhanced our ability to leverage "Jugaad".
People need to remember that a very small bank balance is a very high leverage on sales effort :-)
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