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You can raise $500 million in a week in California: Angel investor Mohandas Pai

When it comes to funding, most Indian startups look towards the US, and Pai feels there is a good reason for it.

, ET Bureau|
Updated: Mar 12, 2018, 09.36 AM IST
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You can raise $500 million in a week in California: Angel investor Mohandas Pai
When it comes to funding, most Indian companies and startups look towards the US. And there is a good reason for it, says former Infosys CFO and angel investor, Mohandas Pai.

What sets the US apart, Pai feels is its sheer scale, its risk taking ability, deep understanding of technology and domain expertise in various fields. “It’s a huge system. If you’re a biotech company having a 10 year plan and you want to raise $50 million, the only place you can go to raise funds is in the US, because you need their risk-taking capacity. If you go to Sand Hill road, California, and meet investors, you can raise $500 million in a week,” he said.

Hope the startup guys are taking note.

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