Karthik Reddy: Startups need institutional seed funds to bridge angel rounds to Series A
Karthik Reddy · 100xEntrepreneur | Episode 14 | Karthik Reddy, Co-Founder and Managing Partner of Blume Ventures · Aug 16, 2019 · at 1:43
Karthik Reddy, co-founder of Blume Ventures, explains the market gap in the Indian startup ecosystem that led to the founding of Blume Ventures in 2010.
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“And then I saw that there was a huge gap between the large series-ish funds, which were all above a hundred million, and the angels. And so we said that there's a huge gap here. It can't be that every company miraculously takes a few angel checks and becomes a, you know, successful series A pitch. So it looks like there's a role for a class of funds.”
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