Speaking at the ET Startup Awards, Vaidyanathan expressed concern over the low funding rate for new ventures and said even the most innovative ideas fail without adequate financial backing.“In a recent meeting with a venture capital firm, I was told that out of approximately 1,000 startups that pitch to a VC, only about 40-50 receive financing. This conversion rate is disturbing, and hundreds of viable, good ideas are likely going unfunded,” he said.Also Read: ET Startup Awards 2025: Maturing startups celeb ...