Posted by Anonymous on 2008-02-24
Tags: Funding Sources Angels India
We are being invited to travel to India where apperently it is much easier these days to get some angel funding. One of us (a 2-person founding team in the US) is from India and would have strong credibility there. On the other hand, most of our market and prospects who have given us Letters of Intent (large players in the healthcare space) are all in US.
It is probably not quite as easy and also wondering if the SEC requirements etc. would cause the effort to be a huge legal and otherwise time-consuming exercise.
Also, we know of several entreprenurs - including some with deep ties to India- who have been taken advantage of by the investors, in terms of IP and market positioning.
By the way, we have gone through the usual abuse of entreprenurs by the established angel groups in the US and will prpbably shut down the business in the next 60 days if we don't get funding.