There's a video of tech discussion at Stanford with Vivek Wadhwa recalling how hard it was for the first set of Indian entrepreneurs to raise money in the Valle

There's a video of tech discussion at Stanford with Vivek Wadhwa recalling how hard it was for the first set of Indian entrepreneurs to raise money in the Valley. This was back in the 80's, I think, when you didn't have as many (or any) Indian CEOs, VCs, members of boards etc. The problem was that VCs had no history of funding companies run by Indian CEOs, and there was a reluctance to be the first to conduct an experiment.