Lightbox was the face of a brave style of early-stage venture investing—fewer but bigger cheques. With funding for its fourth fund nowhere in sight, it seems the strategy has failed to deliver returns.
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VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
In India’s funding winter, nobody wanted to put money in the content company. Why has Jungle Ventures done so then?
Your tax money should go into making your life better. It would appear it is instead funding the lifestyle of venture capitalists and founders of uncertain, loss-making businesses.