Indian VCs

I got this comparison while talking to the CEO of a successful startup, who has arranged funds for his dream company mostly from his own sources. Venture capitalists in India have been traditionally funding a lot of 'me too' ideas than really original ones. We have been observing that if your idea is very original, in all probability, you have to have some self-fund. This is explained by the CEO in question, in a really imaginative way:

You start the stuff on your own and keep up your spirits till you reach a huge pit. This pit is the point at which you have to prove that your startup has power, by overcoming and jumping to the other side. This is the place at which you will be needing the most help, particularly in the financial part. When you search for a VC, he will be smiling at the other side of the pit! He'd say, Show me 'that your Idea works for one customer' and I will lead it to success! In his words, this means, jump over this pit in front of you and I have a limo waiting on the other side to take to to our goal. In what way are these 'early stage' VCs? They are not ready to put money in un-tested ideas and just 'me too' approach can not take us real ahead.

If you are an original thinker, better save some money and get your friends together to help you out as VCs here seem to be not ready to wet their feet! Any thoughts?!

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