VCs must stop demanding foreign precedents before backing Indian startups
Krishnamurthy Subramanian · Former CEA: "INDIA WILL BECOME A $55 Trillion Economy By 2047" | KV Subramanian Proves On Neon Show · Oct 19, 2024 · at 1:29:42
Former Chief Economic Advisor Dr. Krishnamurthy Subramanian advises Indian venture capitalists to fund unique domestic solutions rather than replicating Western models.
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“You need to be open-minded enough and don't say, you know, that show me one country where, and there's, oh, oh, if you, if no other country has solved this, you think you can solve it. You know, these kinds of questions I think will certainly not help. You have to be open-minded enough to support, you know, new, new ideas with actually entrepreneurs that would come with conviction to solve India's problem. That's where, so, you know, there you'll, of course you'll be, I have no doubt you'll make your money, but you'll be putting your money to good use as well in the service of the nation.”
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