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Sunday, July 22, 2012

Why did VCs/angels miss investing into Interview Street at an early stage?

Recently Y Combinator selected TapToLearn and Plivio into their program. This is after they selected Interview Street in an earlier batch.

I don't know TopToLearn and Plivio personally, but Vivek from Interview Street was pretty active in the Chennai startup scene for a long time before moving to Bangalore and finally into YC.

He bootstrapped for many years while pivoting on several themes. Apart from Morpheus, who bought into his idea, why didn't any other Indian investor buy into it?

I'm sure a lot of VCs and angel networks would be kicking themselves now. They had a chance to invest early into a global startup that is now going places, and they missed the chance. Instead they will invest millions into the next shaky e-commerce, travel or deal site.

It's embarrassing when they have these companies growing right under their noses, and it takes YC to recognise them.

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