[manishsharan]

I think most people, Indians or otherwise, are averse to risks posed by tech startups. An they are also unqualified to do so.

My point was that the VCs in India seem to be mostly MBA or big-company-executive types . I looked at the profiles of some of the GPs at Venture East, the VC backing Little Eye and not one of them seems to have founded a tech startup, in India or elsewhere. Same with GSF.

The reason American start-ups do so well is that quite a large number of GPs at American VC firms were tech entrepreneurs before becoming VCs.

They are happy with their peanut returns. So who are we to complain ?