wrote this ~5 years ago. barring some of the trends that haven't held up as much (YC / Investment Platforms), it does make sense that the "mango seed" era has largely sustained and grown. more recent data from Blume's last IVAR shows how <$1m rounds continue to decline and $3m+ seed rounds continue to grow. this is the biggest reason for more pre-seed firms (who lead) to exist in india