Silicon Valley Investors Welcome Indian Talent
Rock Center Fellow Vivek Wadhwa comments on Silicon Valley companies' desire to cultivate strong connections to India for Times of India.
When Ajay Royan joined Mithril Capital Management, a growth-stage venture firm founded by Facebook's first professional investor Peter Thiel, he was tasked with "building the Berkshire Hathaway of the tech industry".
Increasingly that task involves looking at opportunities in India, said Royan — a Mithril managing partner, born in Tanjore, raised in Abu Dhabi and educated in the United States — and other Silicon Valley venture funders.
"Indians were considered as beggars and snake-charmers in the 80s. Local venture capitalists wouldn't return their phone calls," says Vivek Wadhwa, an entrepreneur and Stanford Fellow who has studied the Silicon Valley technology industry.
But today, Wadhwa says, every top-notch investor is looking to expand his ties to India although it could be a year or two before they actually do it.
Wadhwa added: "VCs are worried that there will be billion-dollar startups like WhatsApp that they wouldn't get to know about.