For app developers, there is some easy money from outsourcing gigs or from folks at Microsoft or BlackBerry eager to get developers on their side. But then, if you are in it for the big deal, venture capital is something to look at. This money doesn’t come easy. In this two part series, we are trying to share some investor perspective around the app ecosystem in India. Alok Mittal, the Managing Director of Canaan Partners which invests in early stage companies sheds light on how he sees the space through an investors eyes. “What will swing my investment interest is not the fact that there is an app, but what the underlying service is,” said Mittal. Edited Excerpts.
To read the full, original article click on this link: There is No VC Money for Just Another App, The Underlying Service Is Important
