‘It’s a myth that start-ups can’t survive without venture capital’

05/03/2010 in Business Ideas, People / Stories, Startups

Prasanna D Zore

Nandita Lakshmanan, the feisty founder and CEO of public relations company, The PRactice, should know why it is a myth.

Nandita, who started a public relations company The PRactice in the year 2000 with just Rs 35,000 — with which she bought a computer — and three employees, has made it into a “mid-sized company with a substantial turnover” with 85 employees in a decade since then. And she did it without any venture capital funding or any angel investor handholding the company or providing loads of cash to bankroll her expansion plans.

Click to read on…..

One Reply

  1. Fehmeen

    05/03/2010 at 8:55 pm

    Granted most start-ups don’t need venture funding, but it’s usually not very easy to manage a new firm’s cash flows. Venture capital may smoothen the bumps until the firm can stand on its own two feet

    Reply

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