VCCircle Enters Rupert Murdoch's Orbit
Latest News Corp acquisition bathed in quintessential startup blood, sweat and tears.
When PV Sahad solo-launched VCCircle Network in India in 2005, the idea of staying in business long enough to attract multiple suitors and a winning bid from News Corp was nowhere in his sights. From an interview with The Hindu newspaper group’s BusinessLine website:
Sahad “boot-strapped” the firm for the first two years. Some revenues, by way of advertisements and job postings on websites, trickled in. Those were tough times, admits Sahad, adding building an online media firm needs a lot of money and monetization was nowhere in sight.
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