Why a shakeout in India’s venture capital industry is long overdue

It isn’t common for venture capitalists in India to worry about losing their jobs. Especially not on account of poor investment decisions. Lately, however, that’s changed. Ever since a top-rung fund manager at one of the country’s largest venture capital shops was shown the door—his investments, a gaggle of mostly consumer Internet bets, haven’t performed as well as the firm would have liked—the local brotherhood of venture capitalists has been on the edge.