I think if India can get past the "Entrepreneurs are losers because they're not doctors or engineers" social aspect, they'll have a lot of advantages that SV do

I think if India can get past the "Entrepreneurs are losers because they're not doctors or engineers" social aspect, they'll have a lot of advantages that SV doesn't have. Mainly because they're natural crowd-funders. What I've observed is that friends in India are very tight -- they'll do almost anything for each other. And if you have a friend with a startup, you'd certainly lend them some money. So, they may not need VC money, and may not need angels, but they do potentially have a lot of "micro-angels" to raise funds through.