Proto '08 July: New Delhi Notes 2

We’re having a coffee break at Proto.in, the New Delhi Edition. And there is some ancient music, instrumental, bleating out of the speakers in the auditorium. I absolutely love the venue — IIT Delhi is much better tended than the Bombay version. But you have to go right out of campus to buy basic necessities such as nicotine, etc. The WiFi is still not working — wonder what happens to the live-blogging to win iPod Touch contest…

Sessions so far have been not too bad. I caught Mahesh Murthy from Seedfund being his usual forthright self in the pre-lunch session on ‘The Art of Marketing Your Startup’. My pick of his comments from the session — “Twitter is great timepass, but I wouldn’t invest in it.” Seedfund, as you know, is raising its second fund and as Business Standard had earlier reported, it is indeed going to be a $30 million fund, maybe a bit more. Existing investors are expected to return to Fund II and Fund I, which had a $15 million corpus, will be fully invested shortly with 13-14 portfolio investments.

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