What works in the U.S. can work here, too - it’s a tenet held by many
entrepreneurs and venture capitalists in India and other emerging
regions of innovation. While not everything should be duplicated, one
small Indian firm believes it can apply the model employed by Y Combinator,
a Mountain View, Calif.-based business accelerator and seed fund.
Founded in 2007, Morpheus holds four-month business accelerator programs where it works with 20 very early-stage companies, taking a 4% to 8% equity stake in exchange for advice, mentoring and business connections.
Now the firm, made up of three partners with entrepreneurial experience, will also invest capital in these start-up companies, the same way that Y Combinator does. The firm has raised a small fund of about $250,000 from unnamed high-net-worth individuals for the next two incubator sessions and will seek to add on further funding.
“We saw the model of Y Combinator in Silicon Valley,” said Sameer Guglani, general partner with Morpheus. “They are doing a lot of things for young ventures, investing to help entrepreneurs get started and connecting them with experienced entrepreneurs. That’s exactly what we want to do with Morpheus in India.”
To read the full, original article click on this link: Bringing Y Combinator’s Incubator Model To India - Venture Capital Dispatch - WSJ
Author: Tomio Geron
