Sramana Mitra writes about the seed investment situation in India and says “more money chasing India, and simply not enough deals to absorb the interest. A VC mentality “India is booming, let’s send $200 Million to India” prevails at the moment in Silicon Valley. The grass, washed by the monsoon rains, seems infinitely greener in India, than the dry California hills along Highway 280.”
She adds that the “truth is, India is still very busy being the back-office of multinationals. It is downright impossible to hire senior management for startups, luring them away from $100,000+ packages.” Go read her insights and recommendations on what needs to happen in the incubator space.