Indian Venture Capital Corporation (VC) companies have not yet invested in ideas or companies that could become game changers in the country or humanity as a whole.
“They are just content to invest in ideas and companies that offer endless convenience with your fingertips and your doorsteps. The VC world in India has been terriblely lowering the meaning of a technology company, or even becoming a technology,” Hari said in the debate about whether Indian VC invests in Moonshot Hathot Ideas. ”
He added that the idea of investing in the moon does not mean burning endless capital to develop artificial solutions and problems that seem to be real or chasing the imaginary network effects.
In its rebuttal, Bangladesh said that the idea of the moon is highly subjective based on the needs of the market and the existing capacity of the economy.
He explained the correct measure of a major investment idea that affects the IT economy, society or culture and cited examples of VC support departments such as SpaceTech, Semiconductors, Semiconductors, Energy, Energy, Obotics and Biotech.
Harry took a critical look at the idea of being funded and emphasized that many of them have been riding at the intersection of Aadhaar, broadband and smartphones, a recipe created by Mukesh Ambani, Nandan Nandan Nilekani and Steve Jobs.
“Using this intersection, they have been based on discoverability, accessibility, connectivity and convertibility. Every startup is working on this issue,” Hari said, adding that there must be more real tech companies to really create the idea of Moonshot to compete with countries like China.
He said there are more practical problems that have not been resolved.
Although Bangladesh recognizes the importance of a comprehensive solution to the problem, venture capitalists emphasize that there is no hierarchy to solve the problem. “Once the hunger problem is solved, we can’t say that satellites send satellites into space. Hunger may not be a problem for all of us, but that doesn’t mean that we do have problems, and that issues related to education, work, loans, loans and even credit cards aren’t really problems. I don’t think we’re going to slim these issues.”
He added: “Companies like Paytm really simplify life outside the metropolis and make business operations smoother by facilitating transactions and loans in formal institutions.”
But Harry believes they have to work harder to fund practically important ideas and solve real problems for people, and now that is solved by companies, not by VC-funded companies, which really should invest in risky ideas. “We have to find answers to many questions… Otherwise who will solve the problem in India?”
