We doubled or tripled our funding in the winners but when we lost money, we ensured we don’t lose much in dollar terms by spreading the risk. At Blume, we ensure that we don’t lose a lot of money for our investors by making the mistake of investing too much in one start-up. I think that’s the key in early venture capital investing. We barely have series C or series B funding, we still have this fly-in and fly-out funding rounds. Sanjay: The reason we started Blume is that foreign investors are not investing in ambitious ideas.

Source: Mint November 29, 2017 23:01 UTC