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Today: July 21, 2024
June 9, 2024
1 min read

Unveiling the Power of Venture Capital in Driving Innovation

TLDR:

  • FICCI Ladies Organisation (FLO) Hyderabad organized a session on the role of venture capitalists in innovation.
  • Priya Gazdar highlighted the history of venture capitalism, emphasizing the importance of behavior in founders and startups.

The FICCI Ladies Organisation (FLO) Hyderabad recently hosted a session titled ‘The Journey of an Idea’ focusing on the role of venture capitalists in driving innovation at the Park, Somajiguda in Hyderabad. The event began with Priya Gazdar, Chairperson of FLO, sharing the historical connection between finance titan JP Morgan and Thomas Edison, highlighting how venture capital played a crucial role in shaping the technology sector. Gazdar pointed out that Morgan’s backing of Edison led to the creation of General Electric.

During the session, Shanti Mohan, Founder & CEO of LetsVenture & Trica, discussed the key qualities that venture capitalists look for in founders and startups. Mohan emphasized the importance of behavior and company culture, stating that many VCs prioritize these aspects over business potential. She shared a personal anecdote where a colleague emphasized the impact of company culture on success.

The event shed light on the evolving role of venture capital in driving innovation and the important factors that investors consider when evaluating potential investments. By exploring the history of venture capitalism and highlighting the significance of behavior and culture in startups, the session provided valuable insights for entrepreneurs and investors alike.

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