Series A funding will not come unless startups achieve a certain milestone: Investors @ Indian Angel Summit 2013
There is a concern among Indian startups that there is a huge Series A crunch in the country. Entrepreneurs often complain that while it is easy to get angel/seed funding, it is hard to secure Series A due to curious reasons. However, leading investors such as Karthik Reddy and Manish Dalal feel that Series A funding will happen only if a startup has some customer validation and revenues to show. They say entrepreneurs should focus on building great products without the help of VC funding which will automatically come when companies achieve certain milestones. In a panel discussion on 'Series A Crunch: How Are Entrepreneurs & Investors Managing?' at Indian Angel Summit 2013 organised by VCCircle, Karthik Reddy of Blume Ventures, Manish Dalal of Mumbai Angels and Sasha Mirchandani of Kae Capital discuss what Indian startups can do to get Series A funding to further support their growth.