TiE ~ THE indUS ENTREPRENEURS

Post by: Ravi Kishore on March 11th, 2008 | File Under Entrepreneurship, Indian Entrepreneurs, Investors and VCs

GENESIS

The year was 1992 and the place, where it is said that one can find more software professionals per sq km than any corner in the world, the Silicon Valley. A group of Indian Entrepreneurs and IT professionals in Silicon valley formed a non-profit organization to nourish budding entrepreneurs. This is when ,TiE, The indUS(of Indian origin in US) Entrepreneurs was born.
TiE basically nurtures Entrepreneurship through several ways like education, networking, guiding and organizing entrepreneurial summits, conferences etc.., One of the prominent entrepreneurs who co-found TiE was DR. SUHAS PATIL, who is founder and chairman of several companies like Cirrus Logic (in Silicon Valley) , Navin.com, Reez.com and Tufan, Inc., He is one of the fore most people who led TiE .

About Dr.Suhas Patil

He is a former electrical engineering professor in MIT and University of Utah. He is also a Board member in world Affairs council of Northern California . HOTMAIL creator Sabeer Bhatia adores him as his Mentor.

TiE - Talent Ideas Enterprise

This is what TiE stands for according to its creators and they are certainly true. TiE supplies all the resources that an young entrepreneur needs like financial support, guiding, employees and all. TiE itself is a conglomerate of senior professionals, VC’s , Angels, Law and management service supporters.
It is spread in 11 countries with 48 chapters (branches) and about 1600 charter members and 12000 members.
Several separate bodies constitute TiE like TiE Institute, TiEcon, VC Delegation etc.., Every body has a separate function for example TiE institute trains its members in practical education, soft and hard skills, ethics, strategies etc.., and in the part of VC Delegation TiE organises a special tour to India (once in a year) to bring Venture capitalists , to give not only hope but also a chance to the young Entrepreneurs in realising their dream.

TiEcon of all of them is the best activity.The conferences are all held by its volunteers and masters of the masters kind of people lecture. Recent speakers include STEVE BALLMER, GUY KAWASAKI, VINOD KHOSLA, AMARTYA SEN, NARAYAN MURTHY, GOVERNOR ARNOLD SCHWARZNEGGER and the list continues

Final Touch
Students can also participate in the events all they have to do is get a membership. For this they have to join TiE with a fee of $50.00 (need to provide a valid proof of your status).

Popularity: 24%

The Indian Entrepreneur to be watched

Post by: sbchand52 on March 3rd, 2008 | File Under Business Talk, Indian Entrepreneurs

With the Indian economy poised for a giant leap, despite certain pressures on account of inflationary trends and a strengthening Rupee, there is no doubt the next few decades are going to be dominated by us, Indians. True China, with its more than treble rate of growth and FDI, is going to be our challenger. But to my mind, the intrinsic strength of our economy, the head start we have in the area of skilled, English-speaking work force ( true China will cover up this loss in another five years time), and the policies which we have been following which are more open and more visionary will ensure that we march ahead of this giant across our border. The reason why our Left parties are making such a big issue about our Nuclear deal with the US ( which would place us way ahead of China in nuclear fuel capabilities) and trying to put a spoke in every progressive decision that the UPA government is planning, is not far to seek. The hidden agenda is to ensure that China does not lose its present advantage and head start to us. Of course, you mention this to the Lefties, the whole world will come down.But I am convinced, the reason is what I have mentioned.

With the focus of the government having rightly shifted to Social security and Agriculture, I feel our journey ahead of China is going to be accelerated and by 2018 ( a decade from now) the world will be vying within itself to be a business partner with India than any other country. The only area where we are still lagging behind is our attention to Infrastructure and Convergence. I am sure in an year’s time which ever government is going to be in power will focus on these two also much more than what has been done so far. When that happens, Indian entrepreneurs and Foreign Investors are going to line up an array of projects in these segments. But a look at the scene now will reveal a Hercules in the making- already concentrating on Infrastructure, Communication,Visual media and Natural Resources. yes you guessed it right. I am referring to Anil Dhirubai Ambani, the star in the making.

When Reliance of Dhirubai Ambani was split down the middle, the elder of the 2 siblings walked away with the cake, the wealth and of course the support of the Delhi Political boses. Anil, who, in my opinion was the business brain behind Dhirubai’s wealth creation, wasleft with much less and lot of political enemity to cope with. His brother and friends have been trying all tricks in the trade to snub his growth. Even the bombing of his first major IPO shares on listing, was also not an accident acccording to me. But Anil, the financial wizard has hit back with the bonus offer. The growth in wealth of the Reliance group,post split, and Anil DA group will reveal the staedy pace at which Anil has been creating wealth.He has already focused on the key areas od development in the Indian economy, viz. Convergence sectors and Infrastructure. With the growth in Indian economy in the coming yeras.Anil is going to end up the winner and all those who have reserved faith in him are going to reapthe dividends. In another five years, barring political interference ( as we saw in the case of the Airports renovation bids), will catpult Anil as the highest wealth creator in the Indian economy, may be evn more than what his illustrious father achieved.

Hence, he, AnilDhirubai Ambani, is the person to be watched in the next decade.

Popularity: 12%