I hate being alarmist, even in the worst of times, but it is also difficult to completely ignore all the bad news that’s being doing the rounds in the past weeks with regard to venture capital and startups. The US Silicon Valley is certainly in deep crisis and some of it, as I noted in my previous post, will spill over into India. That said, India’s fledgling startup economy has survived in the past inspite of testing and sometimes seemingly hopeless conditions — do take the poll at the end of this post. On that note, take a look at what’s been happening so far:
Top of the charts in terms of bad news would be Sequoia Capital’s ‘gloom and doom’ slides released in early October — see the 56-page presentation at SlideShare. If you have trouble opening the link, send me an email for a PDF version of the same. It’s an intelligent piece of research, though the ‘death spiral’ on page 48 was a shudder.