Re:H1B rejected – builds unicorn back home
by spaceman_2020 on Tuesday August 23, 2022 @07:09PM
(#32572798)
The exit scene is very rough actually. Indian investors are conservative and the public markets don’t have much appetite for loss making companies. Silicon Valley accounting chicanery such as “adjusted EBITDA” don’t fly here - investors demand PAT - Profits After Tax.
Many of the current crop of unicorns have been waiting for years for an exit. If the current funding downturn continues, there is a good chance most of these will wind down without ever getting an exit.
One thing that turned me off from US venture capital was the culture of delaying exits to the stock market, compared to the 90s when Microsoft/Netscape/Amazon all IPO'd at like $30 million market caps and rallied and there was so much upside and liquidity. Is there a culture like that in India right now, or something similar?
I really like how the Matic/Polygon team achieved "unicorn" status while in India and stayed in the scene (I heard they moved to UAE since). I don't care that its crypto, I care that its tech and moving fast.
Is the action just in Bangalore or is it all over or a few other tech hubs?