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VCs and I are not made-for-each-other: Rajesh Jain

“In my fifteen years as an entrepreneur, I have never managed to raise venture capital for my own company,” writes Rajesh Jain, founder and managing director of Netcore Solutions, while analysing his ten failed efforts to raise venture capital since he founded IndiaWorld. Recently, Jain was negotiating a VC deal for Netcore that fell through as it neared its closing.

“In my fifteen years as an entrepreneur, I have never managed to raise venture capital for my own company,” writes Rajesh Jain, founder and managing director of Netcore Solutions, while analysing his ten failed efforts to raise venture capital since he founded IndiaWorld. Recently, Jain was negotiating a VC deal for Netcore that fell through as it neared its closing.

“Given the string of fruitless efforts, I can only conclude that VCs and I are not made-for-each-other! …While the reasons for these aborted attempts to raise funding are many, I can distil them into two key areas: valuation not being right, and deep disagreement on issues on which neither of us would compromise,” writes Rajesh Jain on his blog Emergic.

Rajesh Jain had launched IndiaWorld, a group of India-centric websites including Samachar.com, Khel.com and Khoj.com, in 1995, which he sold to Satyam Infoway (now Sify Technologies), in November 1999, for about Rs 500 crore.

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