IAN by the numbers: 7 years, 47-plus funded startups, 11 exits
Angel investors have been in the news a lot lately, grabbing even finance minister P Chidambaram’s attention in his budget speech last week. While the regulatory environment for angel investing in startups remains challenging, we decided to take a closer look at how Indian Angel Network (IAN), the country’s largest organized network of angel investors, has fared since its birth in 2006. For a network that has been around for seven-odd years now, the numbers are moderate but encouraging at the same time. Growth has accelerated in particular in the past couple of years, both in terms of investments, angels added to the pool, interest from entrepreneurs and exits.
Above me… I think you can not judge IAN by these numbers, ok they may have been lad back in your terms, but there are many factors to consider – 1. what has been their objective of investing in each company? 2. what kind of b-plans came to them and 3. what have they been thinking for the coming time.
They are not sitting their to let world cheer for them for investing in many companies. I also feel that the % investment rate (e.g. 47 out of 18k+ applications) is not that positive.
As it is the case – business is marathon and not a sprint… let them do what they want to do.
What a shameful record – 47 startups funded out of 18,000 applications, almost 0.26%!
less than 50 startups in 7 years is a poor track record for a market of India’s size. It’s a reflection of the angel funding environment here