A Morpheus portfolio company’s feedback

“With due respect to the Morpheus guys but I have never seen a single post from any of the ex-morpheus companies detailing how it helped (or not helped them). Because of this I just dont know what value they bring to table” – sushrutbidwai

“I was just thinking that we should get some Morpheus guys to post a short testimony here. You know, as we are the Indian Entrepreneur Community, they must be interested” – rick_2047

These are 2 comments on a recent post – “Morpheus’s Batch 6 – Startup Acceleration Program Application is now open!”, on Hackerstreet.

Yes, that’s a fair enough argument. So this is me, Shashank ND from Practo.com, Morpheus Batch 3 (July 2009) sharing my thoughts on how we are benefiting from being part of the Morpheus Portfolio Companies :

How the government is killing Indian startups

Some of the recent moves by the Indian Government & its associated Institutions are hurting Indian Startups real bad.

Here’s how –

1. No Automatic Online Payments, thanks to ‘3D Secure’- RBI says, “We will not allow businesses to charge credit cards automatically, even if the credit card holder authorizes such a permission. Each time a transaction is done, a manual intervention by the card holder is necessary.” This is DUMB. This prevents companies from billing a customer on regular intervals automatically. This is inconvenient for the users and kills SaaS companies.