Promod Haque wants to invest in Indian startups
..in which case we should give him every reason to do so. Promod is a managing partner at Norwest Ventures. They shot into the news lately when they bought a sizeable share of Persistent System’s Pvt. Ltd, Pune.
Rediff recently had published an interview with Promod Haque discussing new ventures in India and greater exploration of the technology product space. I agree with him, employers must cultivate a sense of ownership in their final products through equity and options. Creation of wealth is not nearly as important as the creation of new ideas, markets and products for our well-being and progress.
Update (6th Feb. 2006): Ram Sriram of Sherpalo wants to invest in Indian Internet Consumer Companies. [Economic Times]
[...] Encouraging Entrepreneurs in India. While the IT Exports sector has been singled out for benefits, the local IT sector receives no such encouragement from the Government. Promod Haque wants to invest in Indian startups. Norwest Ventures find fresh interests in India to invest in. Services lobotimizes would-be Entrepreneurs… The story highlights the negative effect of the services industry on innovation in the Indian workforce. [...]
Sukshma, Santosh Dawara » The case for “Made in India, for India”
February 1, 2006 at 12:59 pm