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If you met a venture capitalist, what questions would you ask? Here is a rapid-fire round with Suvir Sujan, partner, Nexus India Capital.
Technopreneurs should focus on businesses in sectors they are most comfortable with. They need to focus on addressing a pain point in a market that is large. The market need not necessarily be in India only. Technopreneurs need to look at the world as their market and then pick the markets they can be most competitive in. There is an opportunity for entrepreneurs across sectors in technology—semiconductors, software, systems, KPO, Internet, mobile, etc.
One example of a user need is for better website security software. There are so many websites being hacked in India and globally, on a weekly basis.
Another example of what users would like is free mobile phone service via Voice over IP.
We get technology plans from across software, communication, KPO, etc. There are good opportunities across sectors in technology.
The technology should have some initial customer validation before the team approaches us.
The team, market and product roadmap are essential. Check out our website www.nexusindiacap.com/submitplan.asp for more information.
The team, market size and the competitive differentiation of the product or service are important.