Question: How Does One Raise Capital for a Startup in India?

I
am looking for information on how to raise funding for a startup in
India. I haven’t visited India in the last so many years and I am not
familiar with the startup landscape there. But in the next year or so I
might be going there and would like to pursue my Startup Adventure. Any
information or links that help me find relevant information (VC firms,
fishing for Angels etc.) is greatly appreciated.

On a realated note, if you haven’t read Paul Graham’s latest essasy, you should really check it out: How to Start a Startup. Below are some interesting excerpts from the essay.

"You need three things to create a successful startup: to start with
good people, to make something customers actually want, and to spend
as little money as possible. Most startups that fail do it because
they fail at one of these. A startup that does all three will probably
succeed."

"Another sign of how little the initial idea is worth is the number of
startups that change their plan en route."

"Ideas for startups are worth something, certainly, but the trouble
is, they’re not transferrable. They’re not something you could hand to
someone else to execute."

"What matters is not ideas, but the people who have them."

"What do I mean by good people? …. Could you describe the person as
an animal? … It means someone who takes their work a little too
seriously; someone who does what they do so well that they pass right
through professional and cross over into obsessive."

"What it means specifically depends on the job: a salesperson who just
won’t take no for an answer; a hacker who will stay up till 4:00 AM
rather than go to bed leaving code with a bug in it;.."

"For programmers we had three additional tests. Was the person
genuinely smart? If so, could they actually get things done? And
finally, since a few good hackers have unbearable personalities, could
we stand to have them around?"

Original Post: cyblogue