Why is Indian venture capital - the architects of disruption so closed to ideas from outside?
This is a post I had written in 2023 'Can AI disrupt Venture Capital?'
In fact, I had spoken about it to two VCs earlier in that year and when it was met with indifference decided to document it on my substack.
A few months back thanks to this post by Puneet Suri I realised someone is doing it, but as usual outside India.
Quantum light is the name of the fund, and this is their approach:
On the latest episode of the 20VC Podcast, Storonsky talked about how a lot of investors are just "following the crowd" or making choices based on their feelings. But Quantum Light is different; it’s made up of data scientists and engineers who take a more "scientific approach."
And it looks like that approach is working out well—Storonsky said the fund is now doing better than "95% of VCs out there on back test."
Source: efinancialcareers
This begs the question “Why Not India?”
Why do we need to wait for a model to succeed in the US before trying it in India, and yet we still want to believe we are in the innovation business?
What unique business models have we created in the last 15 years of heavy venture funding?
And worse, how many have we refused to support?
Obviously, this model, QuantumLight, isn't perfect, and it will take a few iterations and different players, but AI will play a huge role in the future of venture capital.
By - Saurabh https://outstandingspeakersbureau.in/speakers/saurabh-parmar/
Book a consult, to get ROI or just to have ‘chai pe charcha’ #notonlyPM https://topmate.io/saurabh_parmar
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