"Achieved what they set to achieve". They are talking as if the startup industry in India no longer needs any funding. " Wanted to play a catalytic role" omidyar is not even as famous as matrix or elevation capital. They are speaking as if they are like goldman sachs etc. most likely they have been out competed by other VC with more Domestic expertise and now omidyar feels they need to go find some new blue ocean.
Such a bad portfolio. I wonder how can you make so mamy wrong bets without making any good bet.
Fomo investing by VCs. They rarely look at core fundamentals and believe a lot of unrealistic assumptions. Which is wierd considering how high the hiring bar is for VC roles. Imagine going thru top colleges and MBB/ib and then retiring your thinking skills and taking shots at random
When things don’t workout
I saw this post on grapevine like 1 month ago and was surprised to see a leading VC caught in a scam.
Saw Twitter today and many journalists say this VC fund has shut now. Anyone knows about what happened at Omidyar
I'll start - One of the older VC firms with an office in Indiranagar (also probably planning to shut their scout vehicle fund after a few employee exits) reels of toxicity at the helm. GP who comes from a rich family has the habit of arm...
Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalise...