A question from the ages then. US VC Funding for startups is already hard enough as it is, but how hard is it for a Pakistan-only company to be able to do that?
Intel has a VC fund for “Middle East and Central Asia” totaling $50MM that they have been investing over the past year. Even though Pakistan was included on this, most of this money went to India.
Clearly we are making innovative products in this country, but why the difficulty raising VC funds. Is it because a lot of us never try? Is it an image problem that makes the investors uncomfortable?
When it has worked for people such as Pixsense, what has been the general approach and formula? If there standard requirement seems to be a US Presence, then are there any US based Incubation Centers for Pakistani Companies that local entrepreneurs can connect to?
I want comments from some people from the industry.
I pose this question to the following people:
- I ask this to Mr. Monis Rehman, CEO Naseeb Networks / Rozee, who I believe has a VC funded venture based out of Silicon Valley (but now mostly in Lahore)
- I ask this to Mr. Jawwad Farid, CEO Alchemy Associates, who is successfully managing a bootstrapped local startup on the verge of expanding overseas.
- I ask this to Mr. Faizan Buzdar, CEO iScrybe, who are ramping up for launch of their innovative product Scrybe
Please give me your insights through the comments.