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From: Business Today
Date: 20051218
Author:Sahad P.V.
Like Samuel Taylor Coleridge's ancient Mariner, the small entrepreneur in India faces a tantalising situation. There's a flood of money coming in by way of private equity, or what is called alternate asset class in the world of high finance, and yet there's very little going around for people who've got great business ideas, but no money to start up. It is estimated that just about 10 per cent of all money coming in this category will go to new firms. That shouldn't surprise anyone. Ever since global venture firms burnt billions of dollars stoking the dotcom mania of 2000, they've steered ...
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