It seems that only the potential backers and accelerators are crying foul.
Yes, of course they would do that. Particularly, "Sanjeev Bikhchandani, executive vice chairman of the digital behemoth Info Edge that owns Naukri, Jeevansaathi, Shiksha and 99acres (the holding company is currently listed on the New York Stock Exchange)" types.
These 'backers' are usually penny pinching, non-risk taking, backers of only where monetization is clearly visible (essentially traders); are far cry from YCombinator types. 'YCombinator types' of backers are very easy to talk to when you have big ideas and/or fundamentally good, without having much clue about monetization. Trader type of backers will snuff you out or would ask you to circle back when you have millions of downloads and have $hundred thousands of ARR.
In the article itself towards the bottom half gives founder's perspective (which is all that matters)..
Indian tech startups are increasingly registering in the US, and other foreign countries as new founders get easy access to global funds in that way. If one is a founder with a long-term exit strategy, incorporating the company abroad is a default option.
These 'backers' are usually penny pinching, non-risk taking, backers of only where monetization is clearly visible (essentially traders); are far cry from YCombinator types. 'YCombinator types' of backers are very easy to talk to when you have big ideas and/or fundamentally good, without having much clue about monetization. Trader type of backers will snuff you out or would ask you to circle back when you have millions of downloads and have $hundred thousands of ARR.
Comments
It seems that only the potential backers and accelerators are crying foul.
Yes, of course they would do that. Particularly, "Sanjeev Bikhchandani, executive vice chairman of the digital behemoth Info Edge that owns Naukri, Jeevansaathi, Shiksha and 99acres (the holding company is currently listed on the New York Stock Exchange)" types.
These 'backers' are usually penny pinching, non-risk taking, backers of only where monetization is clearly visible (essentially traders); are far cry from YCombinator types. 'YCombinator types' of backers are very easy to talk to when you have big ideas and/or fundamentally good, without having much clue about monetization. Trader type of backers will snuff you out or would ask you to circle back when you have millions of downloads and have $hundred thousands of ARR.
In the article itself towards the bottom half gives founder's perspective (which is all that matters)..
Indian tech startups are increasingly registering in the US, and other foreign countries as new founders get easy access to global funds in that way. If one is a founder with a long-term exit strategy, incorporating the company abroad is a default option.
Spot on!
Interesting article but title seems off considering:
and
So basically YC gives them the choice and founders take it and they'll have done if any foreign investor had come, probably even if had not.
But tbh,given India's crab mentality,shitty infra and taxes,restructuring your startup and moving it abroad does make sense