Extracts from the interview with Subrata Mitra, Partner at Accel Partners India that appeared in the GIVCA-Venture Intelligence India Venture Capital Report-2009 (that provides a synopsis of VC investments during the year). Subrata earlier co-founded early stage-focused VC firm Erasmic Venture Fund, which merged with Silicon Valley VC firm Accel Partners in mid-2008. Accel is among the handful of funds in India that are truly early-stage focused and was an active investor in 2009, especially in the Internet/Online Services sector. Venture Intelligence: Has your team’s overall philosophy of investments changed since the merger of Erasmic with Accel? What are the other changes now that you are Accel India? Subrata Mitra: Clearly, we’re managing a bigger fund now than at Erasmic. That does mean our investment range has moved to at least 3-4 times for the better companies. It has changed our thinking somewhat in terms of types and stages of deals we would like to do. VI: What attracted y...