Startups, particularly those building products in the Web3 segment, should keep up with the trends and technologies in the market and innovate accordingly to remain relevant, said Neeraj Roy, Managing Director, Hungama Digital Media Entertainment.
Although he was bullish on the disruption of and demand for Web3 startups, Roy cautioned that capital may not be as easily accessible as it was a few years ago.
“The funding in the Web3 segment is ‘Ice Age’. You might as well prepare for it,” he said during a fireside chat at YourStory’s Mumbai edition of TechSparks 2023.
Roy advised startups to not look for capital only from a valuation perspective. “Value comes before valuation. If you are building the blocks right and filling the need gap in the most disruptive market, capital will always be available to you.”
He reminisced about the time when one of Hungama’s principal investors,…
