If Shubham Banerjee cannot lay claim to being the world's youngest venture capital-backed entrepreneur, he comes very close.
Banerjee was 12 years old when he closed an early-stage funding round with Intel Capital , the company's venture capital arm, last month for his prototype for a low-cost Braille printer. Since then, the San Jose, California middle-schooler has turned 13.
That's young, even by the standards of Silicon Valley, where many venture capitalists unapologetically prefer to fund youth over experience. Young entrepreneurs usually have reached at least their mid-teens when they hit it big. Nick D'Aloisio, founder of online news aggregator Summly, was 17 when Yahoo bought his company last year for $30 million (roughly Rs. 180 crores).
Brothers John and Patrick Collison, behind payments service Stripe, were 16 and 19 when they sold an earlier business to a Canadian company for $5 million (roughly Rs. 30 crores).
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