AngelList rolls out India-focussed fund. Way to profitability becomes key for start-ups.
India's Got Angel: US-based online platform for startups, angel investors, and job-seekers, AngelList has rolled out an India-focussed venture and angel fund that will allow individuals to raise small pools of capital and deploy them in a span of 6-12 months.
The fund is structured in such a way that fund managers make 15% of the profits, while AngelList will charge a 5% fee. AngelList will also manage legal and regulatory aspects of raising funds and investing it. ET Tech
At the Web Summit tech conference in Lisbon, Portugal this week, over 2,000 start-ups vied for the attention of venture capitalists. Most potential investors had a common question for these upcoming tech start-ups - how do they plan on making money.
“The narrative on the distance to profitability and the path to profitability becomes a bigger part of the story versus growth at all costs, and you’re seeing that return,” said Ravi Viswanathan, Founder and Managing Partner of venture capital firm NewView Capital.
An increasing lot of investors have shifted their attention towards profits following a number of high-profle IPOs from loss-making companies like Uber and Lyft. WeWork was forced to scrap its IPO as investors raised alarm regarding the company’s massive losses. CNBC
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