Nice post on the funding stuff for young entrepreneurs. At least the words make you feel good if nothing else:

“How do we choose who to fund? The people in your group are what matter most to us. We look for brains, motivation, and a sense of design. Experience is helpful but not critical.

Your idea is important too, but mainly as evidence that you can have good ideas. Most successful startups change their idea substantially”

I was just wondering why these things do not happen in India.

Anyways, nice post.