I've suggested something like this before - I think it's brilliant (obviously) - although I truly would not bother with tracking the expenses (#) - at this level it's just noise.
I would suggest that this is the next evolutionary step for VCs - not managing 5m dollar investments but 100x as many 50k investments. But I doubt anyone in the VC industry wants to move from selling at Tiffany's to the KMart in Tucson, Arizona.
Luckily the VCs of Pune/Mumbai will have no such qualms.
SV may find itself out-evolved quite quickly.
(#) well you may have to to avoid seed money for drug deals but you get my point
That's way too risky a game for banks. Banks want to put in $1 and be pretty much assured of getting $1.10 back next year.
If you go to a bank and ask for a business loan, they'll say, "Great! Let's see the last few years of your financial statements." If you say you don't have any because you haven't actually started your business yet, they will look at you funny and tell you to come back in a few years.
That's as it should be. We citizens guarantee that banks will always pay back depositor money. So they should only be allowed to make pretty safe loans.
I would suggest that this is the next evolutionary step for VCs - not managing 5m dollar investments but 100x as many 50k investments. But I doubt anyone in the VC industry wants to move from selling at Tiffany's to the KMart in Tucson, Arizona.
Luckily the VCs of Pune/Mumbai will have no such qualms. SV may find itself out-evolved quite quickly.
(#) well you may have to to avoid seed money for drug deals but you get my point