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Start-ups: Before You Launch Your Product, Start With a Service

Harvard Business Review

Seed investors are mostly operating as growth investors, expecting that the entrepreneur will somehow manage to bridge the gap and bring a concept to realization. Most industry observers take the position that companies get distracted if they try to bootstrap a product with a service. This remains a controversial point of view.

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How to Fund Indian Start-Ups

Harvard Business Review

Today we’re seeing a maturing of the industry, and entrepreneurs now want to build products as well. Or they want to combine products and services. However, if you need capital to validate, you are operating in a zone that will be full of very dark hours. All risk capital in India is in effect growth capital.