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.
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