Seed funding and mentoring come free

I happened to reach Sita’s blog over at Binary Day, and fortunately (or unfortunately) to this article about Seed Funding over there.

It’s such a pity that there aren’t enough VCs or firms that are ready to fund ideas, judging only by the ideas, the people and the motivation. Why the need of business plans ?? I really can’t write a BP, nor can I face the disappointment on my partner’s face (as well as mine) after getting rejected for not really having a good business plan. Did I get rejected because I had no business plan, or I could not write one efficiently ?? The latter is a more appropriate reason.

I had written about it in my earlier post as well that Web-2.0 has not reached India as yet. You can read that post here (about the talent crunch that startups talk about in India right now).

Till the time web-3.0 comes in, and India just about catches up with web-2.0 till then, I guess the best places for Seed Funding or mentoring (or for that fact anything related to a young startup) remain the GenPortal (www.genportal.org) and NEN (nenonline.org).