In the first part of his interview with Hindu, Avnish Bajaj mentioned how Web2.0 is not currently a viable idea in the Indian market. In the second part of this interview, he talks about being a VC – what factors guide their investment decisions, what role they play in terms of investing in a company and what it takes to be hired to work for a VC firm.
According to him, it is easier to work with an ‘A’ team but, like many in the field, he frets that finding such a team is tougher in India. “I believe there are a lot of ‘A’ opportunities to explore in India.
Talking about entrepreneurial traits, he mentions:
He believes that there are two kinds of people with this trait: the first always keep getting bored and never achieve anything in the long run. “The second kind are the entrepreneurial types who keep getting bored until they find their passion and vocation, which is more meaningful and different.
On what he looks for in the venture:
And that’s a trait he actively looks for, now that he’s a VC himself. He also looks for track record of achievement – “because success is no accident†– passion about business, understanding of the market opportunity, dose of reality, etc.
Rest of the interview here
