Committees that have studied instances of deluge in Mumbai agree that a warmer atmosphere brought about by climate change will get Mumbai more rains in the future in fewer but more intense events. These vulnerabilities of Mumbai have largely been ignored in the past and huge amounts of construction in disregard of environmental safeguards have been on-going for decades, prompting a recent outburst from Ratan Tata against the ways of Mumbai builders. … [Read more...] about Seven reasons why Maharashtra should have a new capital
Venture capital market size
It’s hard to argue with Andreessen’s observation that we need better schools and public transit. But like any venture capitalist trained to identify heroic entrepreneurs, he sees solutions through the lens of Elon Musk–like supermen. His essay portrays transformational innovation as strictly a matter of personal resolve. (Andreessen Horowitz did not respond to a request for comment.) The reality, of course, is far more complex. Of late, we have failed to “build” not for lack of will, but because our society—and particularly our public and private financial markets—do not value building. … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets
At the interbank forex market, the local unit opened at 74.83 against the US dollar, then gained further ground and finally settled at 74.78, up 12 paise over its previous close of 74.90 against the American currency. … [Read more...] about Indian rupee settles 12 paise higher at 74.78 against US dollar
The term ‘financial independence’ simply means that you have sufficient savings to live your life as you please. To some, it simply means retirement from work at the age of 58 and spending time with their families. For a few others, it is about pursuing their passions, without having to worry about the money. So, it can be time spent with NGOs or chasing a hobby, or even converting a hobby to a profession. Still others may want to continue working, but on their own terms. … [Read more...] about How much money do you really need to be financially independent?
To me, they formed an L—a projected recovery with a long, flat bottom. So my partners and I convened a meeting with all members of our VC staff. Crunching through data on our dozens of companies, we redid each one’s prognosis, keeping in mind our certainty that the globe’s recovery would look more like an L, not a V. Next, we triaged the companies, using the color codes that emergency room teams assign to patients: red for critical and needing urgent care, amber for stable but serious, and green for no immediate danger. … [Read more...] about How my VC fund is helping our companies survive the pandemic