Business

Indian-American VC urges govt to reduce rules, regulations for startups

A top Indian-American venture capitalist from Silicon Valley has urged India to create a short-term inter-ministerial commission to review the rules and regulations governing the startups to facilitate them to be the next Google and Facebook of the world.
The (Indian) government should focus on reducing the compliance burden on startups and businesses, Venkatesh Shukla, the former president of TiE Silicon Valley, told PTI in a recent interview here in California.
I think the most important thing he could do is to create either a short-term commission or a committee, inter-ministerial, inter-departmental, to take a fresh look at the rules and regulations governing startups across all departments and figure out what makes sense and what is just a nuisance without adding a whole lot of value to the country, he said.
A seed-stage investor, Shukla is the founder and general partner of Monta Vista Capital and has a proven track record of leading companies through rapid growth in his roles