Sanjay Swamy was not on this episode. A recording of them was played into it, so these
are their words but not an appearance on the Neon Show. It still counts as said, and it is kept out of every score on their page.
Sanjay Swamy, Managing Partner at Prime Venture Partners, describes how market depth and speed of revenue growth in India have changed over a decade.
“10 years ago, you know, getting to five, ten million dollars of revenue was itself a big achievement, but now we're seeing that happening, you know, in 12 to 18 months in some cases.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Sanjay Swamy
Opinion
Swami: US returnees to India face disadvantages due to local leapfrogging
“Today, I think what people are realizing is they're actually out of touch with India and India is growing in a very, what worked in the US is not necessarily experience that will translate to India. Right? So they're coming to India now and they're actually, w…”
Sanjay SwamyJun 23, 2024▶ 10:10Reverse Brain Drain, Reality Of Venture Capital And India’s Next 10 Year Explained By Top Indian VCs
Insight
Limiting early fundraising ensures even small startup exits remain meaningful
“If you don't raise too much money, even a mid-sized or a relatively small exit can be very meaningful to everyone.”
Prime Venture Partners is very unlikely to raise a $300M fund
“Well, you know we have a philosophy that says in early stage and with the approach we have, right, there's only, we're limited by our bandwidth, right, so as it is, as you said, you know, 25 companies, and you said only, I was saying, wow, we're 25 companies t…”
Swami: Standard 10-Plus-Two Fund Lifecycle Fits the Indian Venture Ecosystem
“I think the standard US model of 10 plus two is probably the right thing for India. You know, perhaps seed will, you know, seed only funds might take an extra year, but broadly speaking, 10 plus two is the right thing.”
Sanjay SwamyJun 23, 2024▶ 28:30Reverse Brain Drain, Reality Of Venture Capital And India’s Next 10 Year Explained By Top Indian VCs
PredictionOpen · timeframe Jun 2027
Swami: Kunal Shah's Second Venture Will Be An Order Of Magnitude Bigger
“Yes, there is someone like Konal Shah who had an amazing outcome the first time and is going to have, you know, a couple of orders bigger outcome, you know, perhaps the second time around, right, certainly one order more.”
Sanjay SwamyJun 23, 2024▶ 45:57Reverse Brain Drain, Reality Of Venture Capital And India’s Next 10 Year Explained By Top Indian VCs
Insight
Swami: VCs make money on winners but build reputations on failed startups
“So, there's a famous quote, I think you used to tell me, I don't know who you are spending it to, but you make your money on the winners, But you make your reputation on the ones that don't pan out, right? And so we end up, you know, it seemed like an expressi…”
Sanjay SwamyJun 23, 2024▶ 1:00:41Reverse Brain Drain, Reality Of Venture Capital And India’s Next 10 Year Explained By Top Indian VCs
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