The future India growth story will come from 3 sectors – Cleantech, Hardware, and Healthcare.

Liquidation preferences help investors get their investment back when the startup is acquired or liquidated at a lower valuation.

Carry, short for Carried Interest, is the share in profit that a fund manager (GP) gets when they investment does well.

VC investments are illiquid with 5 to 8 years lock-in depending upon the fund. Thus, it requires a higher return than most investments.

In the first 4 months of 2021, more Indian companies became unicorns (startups with at least $1 Bn valuations) than in the entire of 2020.