India doesn't have the risk appetite. The rest are just derivatives - Culture is to play safe - Risky behaviour is discouraged since childhood - People celebrate when risk-takers fail That is why - Indian VCs don't invest in risky stuff - Indian founders have severe imposter syndrome whenever they are doing something unique This is a chicken and egg problem that will be solved by someone starting an a16z-like kingmaker fund in India (no existing VC has the balls to do that) or a founder who has multibillion company (i can only see Aravind Perplexity for now, rest are just happy on sharktank) Change needs to start - Celebrating those who take risks (like Kunal Shah was derided for raising $ for Cred for years) - Respecting tech/market innovation rather than just 1000 Cr turnover - Hardest: create a pool of $1bn of risk-capital

when kids in India start doing this, we will know we have arrived