Piyul attends  an e-summit on entrepreneurship organized by the IITB e-cell ‘where the Venture Capital muscle was out on display. To facilitate and ‘incubate’ the next-gen of the top end of young entrepreneurs. Names such as Canaan, Sherpalo, Helion, Seedfund, GlobalLogic, DFJ and many more’:

And that precisely is what I am feeling odd about. No one says VCs are expected to be philanthropists. Sure, they are here to make money. But why did I get a feeling that reminded me of vultures swooping in for the kill? Talking of payback in 4 to 6 years, seed capital of 2 to 5 crores, IT this and IT that. Bade bade baatein. Oonche oonche nazar.

One fellow in one of the multiple sessions, from the audience, clad in a kurta, asked a pertinent question - in Hindi… Why is it that VCs do not ‘micro-finance’ entrepreneurship. Pay out Rs. 5 lakhs, 10 lakhs to hundreds of people - as versus seeking to pay out in crores to a few dozen.