In his book The Hard thing About Hard Things, Ben Horowitz, co-founder of venture capital (VC ) firm Andreessen-Horowitz, writes about his experience of raising $20 million venture capital for his two-month-old startup, LoudCloud, along with Marc Andreessen of Netscape fame. Some of the most remarkable startups succeeded on the strength of their technology and business model, not venture capital. For instance, pre-IPO venture capital raised by tech-supergiants Amazon ($108 million), Google ($25 million), and Salesforce ($61.1 million) will look minuscule in the current environment. Very soon, the annals of venture capital will have to be defined by the pre-SoftBank era and the post- SoftBank era. Due Diligence will cover issues in India’s venture capital, private equity and deals space.

Source: Mint July 28, 2019 17:26 UTC