india: Why India must not clip the wings of its angel investors

Amazon’s proposed $35 billion investment in India has been widely welcomed as a strong vote of global confidence in India’s digital economy. It comes alongside a wave of domestic IPO successes from startups like Meesho, Physicswallah, Zomato, etc., that were little more than ideas a decade ago.

As we celebrate, it is important to remember that every big company starts small — often backed by individuals willing to take early, asymmetric risks.

Nearly 30 years ago, Jeff Bezos struggled to raise just $1 million for Amazon. After more than 60…