Warren Buffett's wisdom echoed by Vinod Khosla during challenging funding climate
Moneycontrol Startup Conclave: The billionaire venture capitalist further elaborated that India is best positioned to take advantage of chinese management of Covid-19
From job-seekers to a land of entrepreneurs, India has made a big shift in the last few years, IDFC First Bank MD and CEO V Vaidyanathan said on July 7, shining light on the role played by startups in the transformation.
Billionaire venture capitalist Vinod Khosla on July 7 acknowledged that the funding environment is down, but all it means is your competition is also not getting funding.
Speaking at Moneycontrol Startup Conclave via video conferencing, Khosla, founder of Khosla Ventures and early investor in OpenAI, exuded confidence, saying the capital efficiency will go up. And with all retrenchments across sectors, it is a perfect time to hire for entrepreneurs.
Ace investor Warren Buffett always says that you should be "fearful when others are greedy …,” Khosla said, explaining the existing funding environment.
“We have to make the best of the really unfortunate events such as Covid-19 as it has created a huge opportunity for India because everyone is trying to not bank on China,” he emphasised.
The billionaire venture capitalist further elaborated that India is best positioned to take advantage of Chinese management of Covid-19. Also, India has so much technical talent to take advantage of that opportunity.
