After an initial burst of exuberance in startups , the industry is beginning to moult. Risks are better understood, founders focus on unit economics instead of vanity metrics or gross merchandise value ( GMV ). Among India’s startups, the men are finally being separated from the boys. Entrepreneurs getting funding these days are older people with experience, mapping a clear path to profits and who rely more on niche, B2B models than risking capital in internet consumerism. The number of funded ventures has fallen dramatically. There’s no capital squeeze, but angels aren’t opening purse strings right after a squeaky clean presentation. They insist on verifying if the idea has sufficient long term planning. While risk appetite has come down a few notches, angels try hard to ensure their money is not funding high cash burn path to growth that might kill the golden goose before it gets to the market.Entrepreneurship remains a trendy career choice despite tighter conditions. Read more here…

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