Tables Turned as 12 Investors Sold Themselves to Entrepreneurs
IDG has also invested in ideas (for example Aujas Networks). Their focus is on technology sector (enterprise software, SaaS, Cloud products), Digital Consumer and Engineering (Medical Devices). The capital firm takes about 2-4 months to evaluate a business and decide whether to fund in it or not. They look for very strong teams, big market size companies. They have 20 portfolio companies in India of which some are Myntra, FirstCry, Manthan and Sourcebits.
Canaan Partners (Nishant Verman) – For Nishant Verman of Canaan, funding is not just a one-time process. It is saying that ‘we are about to start a 10-year journey’. Hence it takes time at least 3 months to decide whether to invest in a company. In these days a VC sees whether the company has presented the facts correctly, whether they are actually doing what they say and their plan for next 5-6 years. Canaan focuses in IT, technology and mobile sectors.
