January 09, 2004

Be vary of VCs, say ex-Internet entrepreneurs


"In 2002, we sold egurucool to NIIT for Rs.14 crore. But that was because we were forced by the venture capitalists (VCs) to do so. I didn’t want to," says Vivek Agrawal, co-founder of online education company egurucool, in a Business Standard article. "VCs are a double-edged sword," he adds in the article featuring interviews with former Internet entrepreneurs and executives.

"Set up your venture without external investment," advises Rajiv Vij, co-founder of net2travel.

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