Finally an early stage startup fund ! India's desperate need is finally addressed

Just read an article here

Its heartening to hear that India is finally being considered as a serious player in venture capital industry. Till now like of Shaadi.com, Sulekha.com and several others have raised some cool venture capital from several valley based firms.

However, all of these ventures were late stage funded. All this time there was a general fear psychosis from venture capital industries for early stage investments in Indian companies for some unknown reason.

Google has started a seedfund as the article mentions which is going to be a great help for folks with big ideas but no money and probably little experience in execution.

Now that Google has done it others will simply cave in and follow.