Two years ago, India’s largest English-language newspaper, the Times of India, instituted a startup awards list for India. One of the top award categories was “Investor of the year” and it was won by Nikesh Arora. Arora was then SoftBank’s head honcho and had in the preceding few months set the Indian startup ecosystem atwitter with a bunch of mega-bets backing companies like Snapdeal, Housing and OYO. The cheques that Arora signed were huge enough to catapult many of these chosen ones to an exalted unicorn status overnight.
But as Arora himself was gracious enough to admit, anointing an investor as the best Venture Capitalist (VC) in the country simply because he placed large bets on a bunch of companies is not only premature but also completely missing the wood for the trees.