Here’re some key excerpts from Bharthi Jacob’s talk

• Don’t boast about your technology-Just explain how you’re making life easier for your end user.
  
• "We don’t like people having plan B and expect 100% commitment and involvement. Those who say “I’ll quit my job once I get the funds” are a NO NO."
  
• Even we don’t keep plan B. If startups fail, we lose our money-we don’t have any way of recovering it.
  
• "Team is our first consideration. We scrutinize the people involved for their credibility, commitment, enthu and other parameters."
  
• "If we don’t see a practical exit from the investment we may have to turn you down"
  
• "We don’t control the startups we invest in. Interfering in day to day business is not our task, but we do keep monitoring"
  
• "We receive one or two funding requests every day"
  
• "There’re cases where we rejected initially but entrepreneurs came to us after few months with improved plans and we’ve accepted"
  
• "Our ideal expectation is about 10x return over a span of 5-7 years"
  
• "Most of the decisions are taken on a case to case basis, hence it is difficult to outline generic guidelines"

Sourced from 

 http://www.enidhi.net/2008/07/startup-saturday-iim-bangalore.html 

btb I am unable to reply to comments readers post at my blog in SI-What's wrong?