‘Anearty-stage VC always: looks for an outstanding team, aiming to solve a problem in an‘ inane differentiation anda solid business model ANAND DANIEL ‘ACCEL PARTNERS ‘Do not lookback, burn the bridges from where you came’ “Anan Indagare cary sage verter A ‘SiPrmer where edie ivestmentin eae, medical coal) ‘amen tcp aS hitter efi apa a Be Pyodge Capital Partner this ato writer for The Economic Tes, Daniel explains why rows tbs eo be ack in nd. January 2011 marks yearsine my return onda asan early ing these needs. The work here entails not DL en ns To hus onlylow-slledjobs-thave fiends in comipa- tes ke Yahoo, GE (Healthare and Energy) ‘Google, intel Biocon and Amazon, who are Involved in cultingedge product develop mem Thisisee asa treasure rove of etre- preneuts inthe making, Oui has funded Saepengsom my commas ‘SWITCHING GEARS ‘What could be beter than changing racks? askthis ofthe manyen cuding Stumees whom have theplasure of mecing on daly basis and try 1o comberate thelr responses with my observations. Th top such as tratfic, three challenges returning rs seem to face ae: geting the early team right ureticraticred tape (ike ineorDo- ‘ation, hank acenumis) and finding sed/eatly sage funding ‘WHAT IS THE VC DOING WERE? TTamako often asked whats that a venture capitals wants in 2 ‘atin? What does Vin India want? Ameany stage VCalways ‘oaks foran oustandingteam,aimingto salvea problemin an exc ‘Rgrmarket with sustainable éfeentiaion and a solid business ‘model ination, dere are wo ceria partly releyant to Jon strong customer interest i a product oraservice that at be reid andrneasured, andthe ably toscaleor gow a busines. Ttisaokmportant to understand thatabusinessmode that worksin ‘Bnei might notnecessar scale across India with al ts diversity PERFECT TIME ‘This an awesome time for any entrepreneur who is considering Trove lc to tnd witha goalto be actively involved within asta: TIM Ups to those planning uch amove to pick an exciting {esa orbusinesssegment tht matches yourexperise. Next make Ser hat you chensea founding team to launch the business with fpeatcare make sue you have some people with recent india expe ence Donottallintothe wapofworyingaboutthingsbeyond your ‘Mamediate contol such as trafic bureaucracy and poorinirastruc- fue, Finally do not look back, bur the bridges to wherever you. ‘Same frm, so that you aenot tempted to retum prematurely. Alter ST rusualiy takes five yearsor more tosucocedasan entreprencst thd indas currently one ofthe best places inthe wordt ve that ee ae als “Dig nomics foe Se te Aiea the start-up space. Arc what is driving their rapid success ti veh nh Te dln costomers cos te work spores er Nexus Vemtare Win five yess Farmers onc lt fit atte TLE ee dbgare om top-notch seat heUs OnihiselterosterarearvardBusness portunity Seco Stheel podhzies Naveen Tewar who founded serviestoo ater HMobiatechnology company lcmobicadvertanne hat snow esecond lamest network globally growing at %, Ba hind ea in Dane at the economy butt by tavelay loa andes ‘un ab "ie llesences space acum ol MUTsraned spe alu have relocated to Bangalore fo setup Mra soretar salon eee aye ey that focuses on targeted research Indians returning from the US arere hana Rai find * ements +t ‘Shenton es Se Gitiecchane applicationthatenables and clinica als fore "three yeas 280. § fap, 600,000 happened in Indias in the fist three days of its rate Advisors «bout Bangalore-based sciences and heal Jun the Bangalore rag a kithelsestinasting Mia Boeck sac ee apesy fof suocesstul pro hathas catapulted the modelo raise copa ra hed arena were Ace Parte. Apart sm se eicealsamonthacross easly sage capil a tech start-ups are a ear carina wokotrcarhoa Strang esjusbeen "Weare a ean ¥ “| Zompany yardiedompany See eee yea invesment solutions nama sul Motvala and DD Ganguly rao! Mira Bi a Mera growingciveot aboates wth he area amencar who are cnexpsing the Banglore and ihe age tat -up ecosystem in india and coring Sai erreur Wweascenganaceenit LURE OF A BG Wein ar-op ecosystem. Eireprencur with ve Seem ue engine, ‘hs “The most important model thatleverageourtech- and the huge opp ‘preneuship. “Inia eat investors in Didi. Centre for Entrepe ‘Galsaton, Duke U technology interac enitesandbive dhpcorpo-_Iisnotjustechn “radia i at ani Fm poralbougt sel thecc00 : Ate ulshey nor aa hartuncedinedal e- Comulng the