Venture Capital in India

I was reading this article and couldnt resist to comment. (one sided)

VC investments falling off cliff in the US

I have a feeling that in India VCs will never succeed as there is greed in the promoters as well as investors.

With VC's it is always one way street, they get a plenty and if the concept is hit, they make a killing before IPO.

Also same idea presented by 2 different people of similar kind, gets valued differently.

If you have the right contact, you might get the "next best idea" for you to develop (your skill) usurping from the actual owner...